Refer to the accompanying table below. The marginal benefit of the 5th unit of activity is:Units of Activity01234566Multiple ChoiceO$50$44O $10$5Total Cost$0$30$40$60$100$150$210Total Benefit$0$100$160$190$210$220$225

A marginal benefit is a most extreme sum a customer will pay for an extra decent or administration.…

Refer to the accompanying table below. The marginal benefit of the 5th unit of activity is: Units of Activity 0 1 2 3 4 5 6 Multiple Choice O $50 O $44 O $10 O $5 Total Cost $0 $30 $40 $60 $100 $150 $210 Total Benefit $0 $100 $160 $190 $210 $220 $225

Refer to the accompanying table below. The marginal benefit of the 5th unit of activity is: Units of Activity 0 1 2 3 4 5 6 Multiple Choice O $50 O $44 O $10 O $5 Total Cost $0 $30 $40 $60 $100 $150 $210 Total Benefit $0 $100 $160 $190 $210 $220 $225

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Quantity Total Benefit 0 1 2 3 4 5 6 7 8 0 100 190 270 340 400 450 490 520 Marginal Benefit --- 100 90 80 70 60 50 40 30 What quantity will maximize total net benefits? What is the marginal benefit at the optimal quantity? What is the marginal cost at the optimal quantity? What is the total net benefit at the optimal quantity? Total Cost 15 30 55 90 135 190 255 330 415 î ♥ Marginal Cost --- 15 25 35 45 55 65 75 85 Total Net Benefit -15 70 135 180 205 210 195 160 105 Marginal Net Benefit --- 85 65 45 25 5 -15 -35 -55
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QUESTION 16 After much consideration, you have chosen Salalah over Baku as your Eid Break destination this year. However, Eid Break is still a week away, and you may reverse this decision. Which of the following events would prompt you to reverse this decision? O A. The marginal benefit of going to Salalah increases OB. The marginal cost of going to Baku decreases OC. The marginal cost of going to Salalah decreases OD. The marginal benefit of going to Baku decreases
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Please answer with reason for all why the option is correct and why the other options are incorrect
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