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What is the total benefit associated with producing four units of the control variable, Q (identify point A in the table)? Control variable Total Benefits Total Costs Net Benefits Marginal Benefit Marginal Cost Marginal Net Benefit Q B(Q) C(Q) N(Q) MB (Q) MC(Q) MNB(Q) 0000 1 900 100 800 900 100 800 2 1,700 300 C 800 200 600 3 2,400 600 1,800 700 E 400 4 A 1,000 2,000 600 400 200 5 3,500 1,500 2,000 500 500 F 6 3,900 2,100 1,800 D 600-200 7 4,200 2,800 1,400 300 700-400 8 4,400 B 800 200 800-600 9 4,500 4,500 0 100 900-800 10 4,500 5,500 -1,000 0 1,000-1,000 Multiple Choice 3,000 2,600 3,400 600

What is the total benefit associated with producing four units of the control variable, Q (identify point A in the table)? Control variable Total Benefits Total Costs Net Benefits Marginal Benefit Marginal Cost Marginal Net Benefit Q B(Q) C(Q) N(Q) MB (Q) MC(Q) MNB(Q) 0000 1 900 100 800 900 100 800 2 1,700 300 C 800 200 600 3 2,400 600 1,800 700 E 400 4 A 1,000 2,000 600 400 200 5 3,500 1,500 2,000 500 500 F 6 3,900 2,100 1,800 D 600-200 7 4,200 2,800 1,400 300 700-400 8 4,400 B 800 200 800-600 9 4,500 4,500 0 100 900-800 10 4,500 5,500 -1,000 0 1,000-1,000 Multiple Choice 3,000 2,600 3,400 600

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What is the total benefit associated with producing four units of the control variable, Q (identify point A in the table)? Control variable Total Benefits Total Costs Net Benefits Marginal Benefit Marginal Cost Marginal Net Benefit Q B(Q) C(Q) N(Q) MB (Q) MC(Q) MNB(Q) 0000 1 900 100 800 900 100 800 2 1,700 300 C 800 200 600 3 2,400 600 1,800 700 E 400 4 A 1,000 2,000 600 400 200 5 3,500 1,500 2,000 500 500 F 6 3,900 2,100 1,800 D 600-200 7 4,200 2,800 1,400 300 700-400 8 4,400 B 800 200 800-600 9 4,500 4,500 0 100 900-800 10 4,500 5,500 -1,000 0 1,000-1,000 Multiple Choice 3,000 2,600 3,400 600
Transcribed Image Text:What is the total benefit associated with producing four units of the control variable, Q (identify point A in the table)? Control variable Total Benefits Total Costs Net Benefits Marginal Benefit Marginal Cost Marginal Net Benefit Q B(Q) C(Q) N(Q) MB (Q) MC(Q) MNB(Q) 0000 1 900 100 800 900 100 800 2 1,700 300 C 800 200 600 3 2,400 600 1,800 700 E 400 4 A 1,000 2,000 600 400 200 5 3,500 1,500 2,000 500 500 F 6 3,900 2,100 1,800 D 600-200 7 4,200 2,800 1,400 300 700-400 8 4,400 B 800 200 800-600 9 4,500 4,500 0 100 900-800 10 4,500 5,500 -1,000 0 1,000-1,000 Multiple Choice 3,000 2,600 3,400 600
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