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The meal plan at a university lets students eat as much as they like for a flat fee of $600 per semester

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The meal plan at a university lets students eat as much as they like for a flat fee of $600 per semester. Students currently consume (on average) 200 pounds of food a semester. The university is considering changing to a meal plan that charges students $600 for a book of meal tickets that can be redeemed for 200 pounds of food during the semester. Under the new plan, if students eat less, they can get a $2 refund for each unused ticket; if they want to eat more, they can purchase additional tickets for $2 each.

A. What is the marginal cost of consuming additional food under the existing plan?

B. What is the marginal benefit (on average) of consuming the 200th pound of food?

C. What is the marginal cost of food under the new plan being considered?

D. Under which plan will food consumption be higher? Explain in terms of MC and MB.