What Is the Marginal Cost Associated with Producing Three Units
Question 114
Question 114
Multiple Choice
What is the marginal cost associated with producing three units of the control variable,Q (identify point E 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) 50 B) 100 C) 200 D) 300
Correct Answer:
Verified
Unlock this answer now Get Access to more Verified Answers free of charge