e) The optimal level of the activity is __________units. At the optimal level of the activity, marginal benefit is $__________ and marginal cost is $__________. 1. Use the graph below to answer the following questions:Marginal benefit and marginal cost (dollars)1210N0T200400Level of activity (A)600MC800MB

The equilibrium is reached where the marginal benefit (MB) is equal to the Marginal cost (MC). It is…

The optimal level of the activity is __________units. At the optimal level of the activity, marginal benefit is $__________ and marginal cost is $__________.

The optimal level of the activity is units. At the optimal level of the activity, marginal benefit is $ and marginal cost is $__.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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e) The optimal level of the activity is __________units. At the optimal level of the activity, marginal benefit is $__________ and marginal cost is $__________.

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