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Kevin is an avid home brewer. He is interested in obtaining one or more 30-gallon, professional-quality aluminum pots for his beer-brewing process. His marginal willingness to pay (or his marginal benefit) for these pots is detailed in the following chart.

Quantity Marginal Benefit

1 $275
2 $255
3 $230
4 $205
5 $190

How much is Kevin willing to pay for a third pot?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M948075

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