What Is the Marginal Benefit Associated with Producing Six Units
Question 43
Question 43
Multiple Choice
What is the marginal benefit associated with producing six units of the control variable,Q (identify point D 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) 400 C) 200 D) 100
Correct Answer:
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