give an example of some activity that would have zero marginal benefits

Expert Solution

Suppose you love Harry Potter series and your Mom purchases you the complete series, that moment you will have positive marginal benefit. But you friend gifts you same series on your birthday which you already have, the extra set of series will not buy you more marginal benefit hence, your marginal benefit with additional set of Harry Potter will be Zero.
Now, you plan to watch a movie with your friends and the movie is really good with great suspense and amazing climax. You loved the movie and your marginal benefit is very high. But the next day your sister asks you to watch the same movie, watching the same movie will give you 'zero' marginal benefit because you know all the important scenes and know the climax already.
A single guy with no friende will have Zero marginal benefit if he wins a free couple pass to an amusement park because he can not extract any benefit from that additional ticket.
The list is endless, any situation where you stop getting any pleasure from the additional unit of a good is the point where your marginal benfit becomes Zero.

Rahul Sunny answered 1 year ago

What are some benefits to having a manager who is alwaysoptimistic? Give an example of...

What are some benefits to having a manager who is always optimistic? Give an example of how having an optimistic manager can help an employee. What might be some concerns if a manager is always pessimistic? Give an example of how having an optimistic manager can be problematic to an employee.

Give an example of a production process that is possible to have decreasing marginal product in...

Give an example of a production process that is possible to have decreasing marginal product in an input and yet increasing returns to scale. Show your work and explain .

what are the benefits and issues with groupthink? Give an example of groupthink that you have...

what are the benefits and issues with groupthink? Give an example of groupthink that you have witnessed or been part of. why is this an example of groupthink?

Give an example of when you would use reimbursable expenses and billable time. Discuss the benefits...

Give an example of when you would use reimbursable expenses and billable time. Discuss the benefits of Time and Billing. Are there any difficulties of using Time and Billing? Why or Why Not?

Give 4 example in the market - that is using nano technoloy - give some example...

Give 4 example in the market - that is using nano technoloy - give some example to support your answer and What does it help for social, economic and environmental . (is it some thing like that?)

Please give me some economics experience example you have done.

What would be some of the benefits and some of the costs of the Trans Pacific...

What would be some of the benefits and some of the costs of the Trans Pacific Partnership for the participating countries, focusing on different industries, workers and the labor markets in each participating country? Also in the U.S., state how could the TPP agreement affect, Structural unemployment, RGDP growth rate, and Growth rate of exports?

Question

give an example of some activity that would have zero marginal benefits

Solutions

Expert Solution

Related Solutions