90 80 T 700 8268 60 - 50 40 30 - 20 100 MC MB 0 10 20 30 40 50 60 70 80 Action (unit) Refer to the figure above. At the 40th unit of action, which of the following is true? a. Total gains are maximized Ob. Total losses are minimized. Oc. Marginal benefit exceeds marginal cost. Od. Marginal cost exceeds marginal benefit.
90 80 T 700 8268 60 - 50 40 30 - 20 100 MC MB 0 10 20 30 40 50 60 70 80 Action (unit) Refer to the figure above. At the 40th unit of action, which of the following is true? a. Total gains are maximized Ob. Total losses are minimized. Oc. Marginal benefit exceeds marginal cost. Od. Marginal cost exceeds marginal benefit.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
eco
![90
80
T
700
8268
60 -
50
40
30 -
20
100
MC
MB
0
10
20
30
40
50
60
70
80
Action (unit)
Refer to the figure above. At the 40th unit of action, which of the following is true?
a.
Total gains are maximized
Ob. Total losses are minimized.
Oc. Marginal benefit exceeds marginal cost.
Od. Marginal cost exceeds marginal benefit.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc65b1f1c-ce78-4225-8ae2-854df7da7769%2F530a85bf-9fb0-4202-a372-695503fbd557%2F73uhv58_processed.jpeg&w=3840&q=75)
Transcribed Image Text:90
80
T
700
8268
60 -
50
40
30 -
20
100
MC
MB
0
10
20
30
40
50
60
70
80
Action (unit)
Refer to the figure above. At the 40th unit of action, which of the following is true?
a.
Total gains are maximized
Ob. Total losses are minimized.
Oc. Marginal benefit exceeds marginal cost.
Od. Marginal cost exceeds marginal benefit.
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