What Is the Total Benefit Associated with Producing Four Units
Question 26
Question 26
Multiple Choice
What is the total benefit associated with producing four units of the control variable,Q (identify point A in the table) ? Control Variable Q012345678910 Total Benefits B(Q) 09001,7002,400A3,5003,9004,2004,4004,5004,500 Total Costs C(Q) 01003006001,0001,5002,1002,800B4,5005,500 Net Benefits N(Q) 0800C1,8002,0002,0001,8001,4008000−1,000 Marginal Benefit M(Q) −−900800700600500D3002001000 Marginal Cost M(Q) −−100200E4005006007008009001,000 Marginal Net Benefit MNB(Q) −−800600400200F−200−400−600−800−1000
A) 600 B) 2,600 C) 3,000 D) 3,400
Correct Answer:
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