question archive Complete the following table and answer the accompanying questions
Complete the following table and answer the accompanying questions
Subject:EconomicsPrice:3.87 Bought7
Complete the following table and answer the accompanying questions.
Instructions: Use a negative sign (-) where appropriate.
Control Variable Q
Total Benefits B(Q)
Total Cost C(Q)
Net Benefits N(Q)
Marginal Benefit MB(Q)
Marginal Cost MC(Q)
Marginal Net Benefit MNB(Q)
100
1,200
950
210
60
101
1,400
70
102
1,590
80
103
1,770
90
104
1,940
100
105
2,100
110
106
2,250
120
107
2,390
130
108
2,520
140
109
2,640
150
110
2,750
160
- At what level of the control variable are net benefits maximized?
- What is the relation between marginal benefit and marginal cost at this level of the variable?
Complete the following table and answer the accompanying questions.
Instructions: Use a negative sign (-) where appropriate.
|
Control Variable Q |
Total Benefits B(Q) |
Total Cost C(Q) |
Net Benefits N(Q) |
Marginal Benefit MB(Q) |
Marginal Cost MC(Q) |
Marginal Net Benefit MNB(Q) |
|
100 |
1,200 |
950 |
|
210 |
60 |
|
|
101 |
1,400 |
|
|
|
70 |
|
|
102 |
1,590 |
|
|
|
80 |
|
|
103 |
1,770 |
|
|
|
90 |
|
|
104 |
1,940 |
|
|
|
100 |
|
|
105 |
2,100 |
|
|
|
110 |
|
|
106 |
2,250 |
|
|
|
120 |
|
|
107 |
2,390 |
|
|
|
130 |
|
|
108 |
2,520 |
|
|
|
140 |
|
|
109 |
2,640 |
|
|
|
150 |
|
|
110 |
2,750 |
|
|
|
160 |
|
- At what level of the control variable are net benefits maximized?
- What is the relation between marginal benefit and marginal cost at this level of the variable?
Option 1
Low Cost Option
Download this past answer in few clicks
3.87 USD
PURCHASE SOLUTION
Option 2
Custom new solution created by our subject matter experts
GET A QUOTE
rated 5 stars
Purchased 7 times
