Scoops of Ice Cream 1 4 5 Total Benefit Marginal Benefit Tot

Scoops of Ice Cream 1 4 5 Total Benefit Marginal Benefit Total Cost Marginal Cost Each scoop of ice cream costs $3. How many scoops of ice cream do you 6 10 15.25 16 13

Solution

Optimal efficient allocation occurs at the point MB = MC

As it can be seen, MB = 3 at 3 scoops and MC = 3 at all scoops

So, the consumer must consume 3 scoops of ice cream