Solved

-The Table Above Shows Anita and Steve's Marginal Benefits for the Annual

Question 100

Multiple Choice

-The table above shows Anita and Steve's marginal benefits for the annual 4ᵗʰ of July fireworks show at City Park.If Anita and Steve are the only two people in the economy and the marginal cost to produce one minute of fireworks is $28,what is the efficient quantity of fireworks? A) 16 minutes B) More than 20 minutes C) 19 minutes D) Less than 16 minutes E) 20 minutes
-The table above shows Anita and Steve's marginal benefits for the annual 4ᵗʰ of July fireworks show at City Park.If Anita and Steve are the only two people in the economy and the marginal cost to produce one minute of fireworks is $28,what is the efficient quantity of fireworks?


A) 16 minutes
B) More than 20 minutes
C) 19 minutes
D) Less than 16 minutes
E) 20 minutes

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q17: One important feature that distinguishes a public

Q98: A common resource is<br>A) rival and excludable.<br>B)

Q105: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure

Q106: One reason the size of the government

Q107: If a good or resource is rival,it

Q122: Rational ignorance is the decision NOT to<br>A)

Q128: Bureaucrats<br>A) have no incentive to influence the

Q138: If I order a pizza and invite

Q158: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure

Q167: The marginal benefit curve of a public