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
Correct Answer:
Verified
Correct Answer:
Verified
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