What is the total cost associated with producing eight units of the control variable, Q (identify point B in the table)?Control variableTotal BenefitsTotal CostsNet BenefitsMarginal BenefitMarginal CostMarginal Net BenefitQB(Q)C(Q)N(Q)MB(Q)MC(Q)MNB(Q)0000---190010080090010080021,700300C80020060032,4006001,800700E4004A1,0002,00060040020053,5001,5002,000500500F63,9002,1001,800D600-20074,2002,8001,400300700-40084,400B800200800-60094,5004,5000100900-800104,5005,500-1,00001,000-1,000
A. 3,800
B. 4,200
C. 3,000
D. 3,600
Answer: D
You might also like to view...
In the years before the Civil War, Southern states, because of high protective tariffs, were forced to buy most of their manufactured goods from _________.
Fill in the blank(s) with the appropriate word(s).
A monopsonist that faces a labor supply curve of the form l = 4w and has a constant marginal revenue product of 50 per unit of l, will opt for the following, w, l combination:
a. w = 10 l = 40. b. w = 25 l = 100. c. w = 50 l = 200. d. w = 100 l = 400.
When the Soviet Union began breaking up in the late 1980s, cigarettes began replacing the ruble as the medium of exchange even though the ruble was legal tender. The cigarettes provide an example of commodity money
a. True b. False Indicate whether the statement is true or false
A country experiencing an international financial crisis will likely
A. see an increase in portfolio investment. B. be able to maintain growth and prosperity in its domestic economy, but its export sector will suffer. C. experience a decrease in its economic growth rate. D. see an increase in foreign direct investment.