Total Benefits of Burgers

For the example, we'll assume that a consumer's benefit from burgers increases with the number of burgers consumed as we see in Table 3. We are measuring hamburger consumption in burgers per week and benefits in money, using the "revealed preference" approach outlined in the previous page.

Table 3 -- Total Benefit of Burgers in Money Terms

Burgers Total
Benefit
in $

1 10

2 15

3 17

4 18

Burgers	Total Benefit in $
1	10
2	15
3	17
4	18

In this example, we won't have much to say about the other goods the consumer gives up to get the burgers. What he gives up is money. The goods and services the consumer gives up are whatever the money would buy.