Which of the following is the incorrect statement?
A. dB(Q)/dQ = MB.
B. The marginal benefits curve is the slope of the total benefits curve.
C. The slope of the net benefit curve is horizontal where MB = MC.
D. The difference in the slope of the total benefit curve and the total cost curve is maximized at the optimal level of Q.
Answer: D
You might also like to view...
A firm's total cost (TC) equals the sum of its fixed cost plus its
A) marginal cost. B) variable cost. C) variable cost plus its marginal cost. D) sunk cost plus its variable cost plus its marginal cost.
If additional units of a good could be produced at a constant opportunity cost, the production possibilities frontier would be linear
Indicate whether the statement is true or false
If a state requires all drivers to buy auto insurance, the problem of adverse selection is eliminated
Indicate whether the statement is true or false
As an economy grows and develops, the police powers of the government with respect to controlling, regulating and inspecting businesses and their output become increasingly more costly to uphold and protect
Indicate whether the statement is true or false