
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 33
For each of the following situations involving marginal cost (MC) and marginal benefit (MB), indicate whether it would be best to produce more, fewer, or the current number of units.
A) 3,000 units at which MC = $10 and MB = $13.
B) 11 units at which MC = $4 and MB = $3.
C) 43,277 units at which MC = $99 and MB = $99.
D) 82 units at which MC MB.
E) 5 units at which MB MC.
A) 3,000 units at which MC = $10 and MB = $13.
B) 11 units at which MC = $4 and MB = $3.
C) 43,277 units at which MC = $99 and MB = $99.
D) 82 units at which MC MB.
E) 5 units at which MB MC.
Explanation
a.The marginal benefit is greater than t...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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