The Following Table Shows the Marginal Benefit to an Individual

question 45

Multiple Choice

The following table shows the marginal benefit to an individual of consuming pints of beer. $\begin{array} { c c } \text { Pints af beer } & \text { Marginal Benefit } \\1 & \$ 7.00 \\2 & \$ 5.00 \\3 & \$ 3.00 \\4 & \$ 2.00 \\5 & \$ 1.00 \\6 & \$ 0.50 \\7 & - \$ 1.00\end{array}$ If the price of each pint is $4.00 at this establishment, a rational consumer would purchase

• A)1 beer
• B)2 beers
• C)3 beers
• D)5 beers
• E)6 beers

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Definitions:

Employees

Individuals who are hired by a company or an organization to perform specific jobs in exchange for compensation.

Stratification System

The hierarchical arrangement of individuals in a society based on factors such as wealth, social status, and occupation, which affects their access to resources and opportunities.

Religious Groups

Collections of individuals who share the same faith or beliefs and often gather for worship, spiritual practices, and community support.

Businesses

Organizations engaged in commercial, industrial, or professional activities with the aim to generate earnings or profit.