Warren drinks four cups of coffee during a particular day. The marginal benefit he enjoys from drinking the fourth cu
A.
can be thought of as the total benefit Warren enjoys by drinking four cups minus the total benefit he would have enjoyed by drinking just three cups.
B.
determines Warren’s willingness to pay for the fourth cup.
C.
is likely different from the marginal benefit provided to Warren by the third cup.
D.
All of the above are correct.