Complete the following table and answer the accompanying questions.   Control Variable Q Total Benefits B(Q) Total Cost C(Q) Net Benefits Benefits N(Q) Marginal Benefit MB(Q) Marginal Cost MC(Q) Marginal Net Benefit MNB(Q) 100 1,200 950   210 60   101 1,400       70   102 1,590       80   103 1,770       90   104 1,940       100   105 2,100       110   106 2,250       120   107 2,390       130   108 2,520       140   109 2,640       150   110 2,750       160     a. At what level of the control variable are net benefits maximized?     b. What is the relation between marginal benefit and marginal cost at this level of the variable?     multiple choice Marginal cost is much smaller than marginal benefit. Marginal cost is slightly larger than marginal benefit. Marginal cost is slightly smaller than marginal benefit. Marginal cost is much larger than marginal benefit

Q: Marginal cost equals A) all the opportunity cost of producing the amount of output. B) the…

A: Marginal cost is calculated by differentiating total cost or total variable cost with respect to…

Q: at a subscription price of $12.99 per month the peloton app has 874,000 digital subscribers .…

A: To find out how much money Peloton makes in total each month from its digital subscription service,…

Q: Profit Maximization and Shutdown Point (numerical example) A group of economists surveyed small…

A: Introduction Total revenue is the multiple of price and quantities produced by the firm. The total…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: To calculate the time required to hunt the 25th goat given the initial time of 30 minutes and a…

Q: (d) Define the cost function g(n) = cost of making n sandwiches. Assume the cost to make 800…

A: "Since you have posted multiple questions, I can only answer the first question, rest you need to…

Q: maximises profits

A: In the context of economics and business, profit maximization refers to the process by which a…

Q: Give typing answer with explanation and conclusion  Jack scalps lawns in the neighborhood for $36…

A: Total cost is the sum of fixed and variable costs. Marginal cost is the addition to the total cost…

Q: Fill in the blanks in the table below. The problem is a "puzzle" so the blanks are not necessarily…

A: Total cost is the sum of fixed cost and variable cost.=> TC = FC + VC Fixed cost is the cost that…

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: The midpoint technique of price elasticity of demand considers average price and quantity while…

Q: (b) Take first-order conditions for the two monopolists.

A:

Q: Quantity of Gift Boxes TC ($) ATC ($) 55.00 11.00 10 57.50 5.75 15 4.17 20 72.50 25 92.50 3.70 30…

A: TC (at Q=15) = ATC15 * 15 = 4.17*15 = $62.55 ATC(at Q=20)=TC20/Q20 = 72.50/20 = $3.63 MC(at 10th…

Q: The diagram above represents the total production cost of a car manufacturer. Which of the following…

A: The diagram above represents the total production cost of a car manufacturer. Which of the following…

Q: Jordan is calculating the worth of a computer by comparing its costs and benefits, including…

A: In economics, costs are the money and non-money spent on goods and services. These expenses include…

Q: ABC is a small business producing instructional modules for disabled children in public schools. The…

A: Since you have posted a question with multiple sub-parts, we will provide the solution to only the…

Q: Fixed-Cost Fallacy Describe a decision made by your company that involved costs that should have…

A: A fixed-cost fallacy is when a company assumes that a cost that does not change with the level of…

Q: which of the following statement is true? (choose one letter only) a. the Marginal Revenue is the…

A: Marginal revenue and marginal cost are basis of profit maximisation.

Q: How to do a cost estimation with analysis paragraphs

A: Cost: It refers to the price that has been paid by the consumers for the goods and services. The…

Q: You run a coffee shop that is open all day. You are considering staying open in the evening. The…

A: The total benefit is equal to the total revenue that is generated by keeping the coffee shop open.…

Q: (a) How can the marginal revenue be found? OA. Find R(x) - C(x). O B. Find the derivative of R(x).…

A: Marginal revenue measures the change in a firm's total revenue due to the sale of additional units…

Q: a. What level of Q maximizes net benefits (profits)? b. What is the maximum level of net benefits…

A: In economics, the distinction among the overall advantage from an activity and the total value of…

Q: Refer to a table above that shows the total benefit and total cost for units of courses Matthew is…

A: Marginal benefit is the satisfaction availed by the consumer by consuming one more unit of the…

Q: Scenario: Assume that there are five apartments located at different distances from an individual's…

A: There are 5 apartments to choose from .Based on their location they are as follows-1 ) Very Close…

Q: Economics Question: Marginal cost is defined as the change in total cost when: a) Total fixed cost…

A: Fixed Costs (FC)- Fixed costs are expenses that do not change with the level of production or…

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: The total receips collected from the sale of goods at the market price is known as the total…

Q: A technology firm has determined that their lowest total cost production technology is $880. If…

A: The lowest total cost of production technology is $880 The machines cost is $100 The company has…

Q: 10) The value of the best altemative sacrificed to obtain something you want is referred to as A)…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: rou run a coffee shop that is open all day. You are considering staying open in the evening. The…

A: Given Total benefits Marginal Benefits = Total benefit 2 - Total Benefit 1

Q: If the ATC of the 20th unit is $35, then: A) the MC is increasing between 10 and 20 units; B) the…

A: Total cost at 20th unit is 35 Thus, total cost = 20×35 = 700  Now,Total cost = variable cost + fixed…

Q: Imagine that you own one of several popular restaurants in your area. Due to the Covid Pandemic of…

A: The law of demand says that , if other things are held constant, then an increase in price of the…

Q: A manufacturing company makes two types of water skis, a trick ski and a slalom ski. The relevant…

A: This question involves using linear programming to determine the optimal product mix for a…

Q: (a) Calculate the value of marginal profit when marginal revenue is $400 and marginal cost is $700…

A: # we know that the difference between the marginal revenue and the marginal cost always gives the…

Q: Can you more detailed explain and write this part :  Cost is minimized at the point where profit is…

A: now, we'll deconstruct the process to discover the best quantity of production that generates the…

Q: Find a. The willingness to pay distribution of the movie goers. b. The average price they would be…

A: The willingness to pay (WTP) is the maximum price at or below which a consumer will definitely buy…