Based on the model, the MPC function is:

Consider the following model for the production of refined oil: MSC = 10 + 0.5Q; MEC = 0.3Q;
MSB = 30 – 0.3Q; MEB = 0.

a. MPC = 20 – 0.8Q c. MPC = 10 + 0.8Q
b. MPC = 30 – 0.6Q d. MPC = 10 + 0.2Q


d. MPC = 10 + 0.2Q

Economics

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