8 What is the marginal benefit associated with producing six units of the control variable, Q (identify point D in the table)?Net Marginal Marginal Marginal NetControlvariableTotalBenefitsTotalCostsBenefitsBenefitCostBenefitQB(Q)C(Q)N(Q)MB (Q)MC (0)WINB (0)0-19001008002800200600700E400600400200500500FD600-200300700-400200800<-600100900-8001,000-1,00009001,7002,400A3,5003,9004,2004,4004,5004,500345678910Multiple Choice200600400100O01003006001,0001,5002,1002,800B4,5005,5000800с1,8002,0002,0001,8001,4008000-1,0000

Marginal benefit refers to additional benefit derived from producing one more unit of input.

What is the marginal benefit associated with producing six units of the control variable, Q (identify point D in the table Control Total Net Marginal Marginal Marginal Net Total Benefits variable Costs Benefits Benefit Cost Benefit Q B(Q) C(Q) N(Q) MB (Q) MC (0) INB(Q) - 0 - 900 100 800 1 800 200 600 2 E 700 400 3 400 600 200 4 500 500 F 5 D 600 -200 6 300 700 -400 7 200 800 -600 8 100 900 -800 9 0 1,000 -1,000 10 Multiple Choice 200 O O 600 400 100 0 900 1,700 2,400 A 3,500 3,900 4,200 4,400 4,500 4,500 0 100 300 600 1,000 1,500 2,100 2,800 B 4,500 5,500 0 800 с 1,800 2,000 2,000 1,800 1,400 800 0 -1,000

What is the marginal benefit associated with producing six units of the control variable, Q (identify point D in the table Control Total Net Marginal Marginal Marginal Net Total Benefits variable Costs Benefits Benefit Cost Benefit Q B(Q) C(Q) N(Q) MB (Q) MC (0) INB(Q) - 0 - 900 100 800 1 800 200 600 2 E 700 400 3 400 600 200 4 500 500 F 5 D 600 -200 6 300 700 -400 7 200 800 -600 8 100 900 -800 9 0 1,000 -1,000 10 Multiple Choice 200 O O 600 400 100 0 900 1,700 2,400 A 3,500 3,900 4,200 4,400 4,500 4,500 0 100 300 600 1,000 1,500 2,100 2,800 B 4,500 5,500 0 800 с 1,800 2,000 2,000 1,800 1,400 800 0 -1,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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