A business is considering to purchase a security system. The below table describes the marginal benefits (MB) and costs (MC) of purchasing additional quantity (Q) of cameras. Q 1 2 3 4 5 6 MB $200 $100 $30 $10 $5 $0 MC $50 $50 $40 $40 $30 $30
A business is considering to purchase a security system. The below table describes the marginal benefits (MB) and costs (MC) of purchasing additional quantity (Q) of cameras. Q 1 2 3 4 5 6 MB $200 $100 $30 $10 $5 $0 MC $50 $50 $40 $40 $30 $30
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![A business is considering to purchase a security system. The below table describes the marginal
benefits (MB) and costs (MC) of purchasing additional quantity (Q) of cameras.
Q
1
2
3
05
4
5
O 1
6
If this business wants to purchase the efficient number of cameras, how many cameras should be
purchased?
06
02
00
04
MB
$200
$100
$30
$10
$5
$0
O 3
MC
$50
$50
$40
$40
$30
$30](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F72e689ef-fec3-4ceb-b5bb-59674db22cf3%2Fb1f3b0d3-dbb2-4d51-9d75-5de5de320554%2F4v5gq32_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A business is considering to purchase a security system. The below table describes the marginal
benefits (MB) and costs (MC) of purchasing additional quantity (Q) of cameras.
Q
1
2
3
05
4
5
O 1
6
If this business wants to purchase the efficient number of cameras, how many cameras should be
purchased?
06
02
00
04
MB
$200
$100
$30
$10
$5
$0
O 3
MC
$50
$50
$40
$40
$30
$30
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