The following table displays hypothetical annual total costs and total benefits of conserving wild tigers at several possible worldwide tiger population levels. Calculate the marginal costs of tiger conservation in the table below. (Enter numeric responses using integers.) Calculate the marginal benefits of tiger conservation in the table below. Population of Wild Total Cost ($ Marginal Cost Total Benefit ($ Marginal Benefit Tigers millions) millions) 0 0 40 2,000 60 115 4,000 110 185 6,000 165 250 8,000 225 310 10,000 290 365 12,000 360 415

The following table displays hypothetical annual total costs and total benefits of conserving wild tigers at several possible worldwide tiger population levels. Calculate the marginal costs of tiger conservation in the table below. (Enter numeric responses using integers.) Calculate the marginal benefits of tiger conservation in the table below. Population of Wild Total Cost ($ Marginal Cost Total Benefit ($ Marginal Benefit Tigers millions) millions) 0 0 40 2,000 60 115 4,000 110 185 6,000 165 250 8,000 225 310 10,000 290 365 12,000 360 415

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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