What Is the Total Cost Associated with Producing Eight Units
Question 105
Question 105
Multiple Choice
What is the total cost associated with producing eight units of the control variable,Q (identify point B 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) 3,000 B) 3,600 C) 3,800 D) 4,200
Correct Answer:
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