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Potatoes cost Janice $1.10 per pound, and she has $5.00 that she could possibly spend...

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Accounting

Potatoes cost Janice $1.10 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. If she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30, how many pounds of potatoes will she purchase? What if she only had $2.00 to spend?

What is the marginal cost and the benefit cost? Also, what does it mean "if she feels that the first pound of potatoes...." so what is the actual cost of them, and how much is she getting them for?

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