Description of this paper

Control Total Total Net Marginal Marginal Marginal

Description

solution


Question

Complete the following table and answer the accompanying questions.;Control Total Total Net Marginal Marginal Marginal;Vaiable Benefits Cost Benefits Benefits Cost Net Benefit;Q B(Q) C(Q) N(Q) MB(Q) MC(Q) MNB(Q);100 1200 950 210 40;101 1400 50;102 1590 60;103 1770 70;104 1940 80;105 2100 90;106 2250 100;107 2390 110;108 2520 120;109 2640 130;110 2750 140;a At what level of control variable are net benefits maximized?;b What is the relation between marginal benefit and marginal cost at the control variable?

 

Paper#26218 | Written in 18-Jul-2015

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