The Following Table Shows the Total Benefit from Painting 0,1,2,3,or

question 60

Multiple Choice

The following table shows the total benefit from painting 0,1,2,3,or 4 rooms in a home.

-What is the marginal benefit of painting the fourth room?

• A) $0.
• B) $200.
• C) $300.
• D) $400.
• E) $500.

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Definitions:

Expressed Agreement

A contract in which the terms are stated clearly and explicitly, typically in written or spoken form.

Agents

Individuals or entities authorized to act on behalf of another, known as the principal, in commercial transactions or legal matters.

Employees

Individuals who are hired by an employer to perform specific tasks or services in exchange for compensation.

Ratification

The act of formally approving an agreement or treaty, making it officially valid.