Use the graph below to answer the following questions: a) At 200 units of the activity, marginal benefit is $__________ and marginal cost is $__________. b) Adding the 200th unit of the activity causes net benefit to __________ (increase, decrease) by $__________. c) At 700 units of the activity, marginal benefit is $__________ and marginal cost is $__________. d) Subtracting the 700th unit of the activity causes net benefit to __________ (increase, decrease) by $__________. e) The optimal level of the activity is __________units. At the optimal level of the activity, marginal benefit is $__________ and marginal cost is $__________.
Use the graph below to answer the following questions:
Homework Answers
a) Marginal benefit is $8 and marginal cost is $4
b) Increase by $4, Net benefit = (8-4)
c) Marginal benefit is $4 and marginal cost is $10
d) Increase by $6 = (4-10)
e) 400 units , Marginal benefit is $6 and marginal cost is $6
Add Answer to:
Use the graph below to answer the following questions: a) At 200
units of the activity,...
Use the graph below to answer the following questions: At 200 units of the activity, marginal...
Use the graph below to answer the following questions:
At 200 units of the activity, marginal benefit is $__________
and marginal cost is $__________. Adding the 200th unit of the
activity causes net benefit to __________ (increase, decrease) by
$__________. At 700 units of the activity, marginal benefit is
$__________ and marginal cost is $__________. Subtracting the 700th
unit of the activity causes net benefit to __________ (increase,
decrease) by $__________. The optimal level of the activity is
__________units. At...
Refer to the graph below. The graph shows marginal benefits (MB) and marginal cost (M) of...
Refer to the graph below. The graph shows marginal benefits (MB) and marginal cost (M) of activity A MC Marginal benefit and cost (dollars) MB 500 100 200 300 400 Activity A If the decision maker is choosing 300 units of activity A, O this level maximizes net benefits. O if the activity is increased by one unit, net benefits will increase by $20. O if the activity is decreased by one unit, net benefits will decrease by $20. O...
Use the following graph, which shows an aggregate demand curve, to answer the next question, 250...
Use the following graph, which shows an aggregate demand curve, to answer the next question, 250 200 150 100 AD 0 500 600 700 800 Real GDP ($B) If the price level decreases from 200 to 100, the real output demanded will Multiple Cholce Increase by $800 billlon Increase by $200 billion decrease by $600 billion decrease by $200 billion
from question no 6 to 10 Use the graph below to answer questions 6 and 7....
from question no 6 to 10
Use the graph below to answer questions 6 and 7. Price S100 Supply - MC $50 6. The 0 100 200 Quantity The minimum price this seller will accept for the 100 unit of output is: SO S50 S100 impossible to determine from the graph. b Producer surplus increases from a $50, S100 b. $5,000 $10,000 to when the price increases from $50 to $100 C $2,500 $10,000 $2.500 $20,000 The difference between the...
What is the marginal net benefit associated with producing five units of the control variable, Q...
What is the marginal net benefit associated with producing five
units of the control variable, Q (identify point F in the
table)?
Net Marginal Marginal Marginal Net Total variable | Benefits CostsBenefits Benefit c(Q) Contro.1 Total Cost Benefit B(Q) N(Q) MB(Q) MC (Q) MNB (Q) 800 600 400 200 100 900 800 700 600 500 800 100 300 600 1,000 1,500 2,100 2,800 900 1,700 2,400 200 2 1,800 2,000 2,000 1,800 1,400 800 400 500 600 700 800 900...
Use the following to answer questions 29-33: Expenditures HINH INI. 200 400 600 300 1000 National...
Use the following to answer questions 29-33: Expenditures HINH INI. 200 400 600 300 1000 National Income 29. Refer to the above graph to answer this question. What is the value of autonomous expenditures? A) S100. B) $200. C) $300. D) Cannot be determined 30. Refer to the above graph to answer this question. What is the value of the marginal leakage rate? A) 0.2. B) 0.5. C) 2. D) 2.5. 31 Refer to the above graph to answer this...
The accopmanying graph depicts the marginal social cost (MSC) and marginal social benefit (MSB) of pollution...
The accopmanying graph depicts the marginal social cost (MSC) and marginal social benefit (MSB) of pollution emissions. 1,000 900 Move the point, P, to the point representing the optimal level of pollution. MSC 800 What is the optimal quantity of pollution? 700 Dollars metric tons 400 300 The optimal quantity of pollution is not zero because: 200 MSB O 0 1 2 3 4 5 6 Metric tons of pollution 7 8 9 10 O the marginal social cost of...
1. Working with Numbers and Graphs Q1 Suppose the marginal costs of reading are constant at...
1. Working with Numbers and Graphs Q1 Suppose the marginal costs of reading are constant at $6 per hour, while the marginal benefits of reading decline (over time) as more reading is performed. In particular, suppose the following table contains the marginal benefit associated with various levels of hours spent reading Time Spent Reading Marginal Benefits (Hours)(Dollars per hour) 10 16 40 Assume the marginal-benefit curve is a straight line through the two points described in the table on the...
Use Table Below: Coal Mine Pollution. The table shows the marginal social benefit and cost of...
Use Table Below: Coal Mine Pollution. The table shows the
marginal social benefit and cost of various amounts of pollution
from a coal mine. If 5 tons of pollution is produced, the marginal
social benefit is _____, and the marginal social cost is
_____.
$400; $400
$300; $500
$0; $800
$800; $0
Table: Coal Mine Pollution Quantity of Marginal Marginal Pollution Social Social (tons) Benefit Cost $800 $0 700 100 600 200 500 300 400 500 200 600 700 0...
CHAPTER 10 QUESTIONS Use the following diagram to answer the appropriate questions: Marginal Cost of Sweatshirts...
CHAPTER 10 QUESTIONS Use the following diagram to answer the appropriate questions: Marginal Cost of Sweatshirts Quantity of shirts Total cost 21. (Table: Marginal Cost of Sweatshirts) Look at the table Marginal Cost of Sweatshirts. The marginal cost of the second sweatshirt is: A. $9. B. $20. C. $11. D. $29. 22. According to the marginal decision rule, if the marginal benefit is: A. more than marginal cost, an activity should be reduced. B. equal to marginal cost, an activity...
Use the graph below to answer the following questions:
At 200 units of the activity, marginal benefit is $__________
and marginal cost is $__________. Adding the 200th unit of the
activity causes net benefit to __________ (increase, decrease) by
$__________. At 700 units of the activity, marginal benefit is
$__________ and marginal cost is $__________. Subtracting the 700th
unit of the activity causes net benefit to __________ (increase,
decrease) by $__________. The optimal level of the activity is
__________units. At...
Refer to the graph below. The graph shows marginal benefits (MB) and marginal cost (M) of activity A MC Marginal benefit and cost (dollars) MB 500 100 200 300 400 Activity A If the decision maker is choosing 300 units of activity A, O this level maximizes net benefits. O if the activity is increased by one unit, net benefits will increase by $20. O if the activity is decreased by one unit, net benefits will decrease by $20. O...
Use the following graph, which shows an aggregate demand curve, to answer the next question, 250 200 150 100 AD 0 500 600 700 800 Real GDP ($B) If the price level decreases from 200 to 100, the real output demanded will Multiple Cholce Increase by $800 billlon Increase by $200 billion decrease by $600 billion decrease by $200 billion
from question no 6 to 10
Use the graph below to answer questions 6 and 7. Price S100 Supply - MC $50 6. The 0 100 200 Quantity The minimum price this seller will accept for the 100 unit of output is: SO S50 S100 impossible to determine from the graph. b Producer surplus increases from a $50, S100 b. $5,000 $10,000 to when the price increases from $50 to $100 C $2,500 $10,000 $2.500 $20,000 The difference between the...
What is the marginal net benefit associated with producing five
units of the control variable, Q (identify point F in the
table)?
Net Marginal Marginal Marginal Net Total variable | Benefits CostsBenefits Benefit c(Q) Contro.1 Total Cost Benefit B(Q) N(Q) MB(Q) MC (Q) MNB (Q) 800 600 400 200 100 900 800 700 600 500 800 100 300 600 1,000 1,500 2,100 2,800 900 1,700 2,400 200 2 1,800 2,000 2,000 1,800 1,400 800 400 500 600 700 800 900...
Use the following to answer questions 29-33: Expenditures HINH INI. 200 400 600 300 1000 National Income 29. Refer to the above graph to answer this question. What is the value of autonomous expenditures? A) S100. B) $200. C) $300. D) Cannot be determined 30. Refer to the above graph to answer this question. What is the value of the marginal leakage rate? A) 0.2. B) 0.5. C) 2. D) 2.5. 31 Refer to the above graph to answer this...
The accopmanying graph depicts the marginal social cost (MSC) and marginal social benefit (MSB) of pollution emissions. 1,000 900 Move the point, P, to the point representing the optimal level of pollution. MSC 800 What is the optimal quantity of pollution? 700 Dollars metric tons 400 300 The optimal quantity of pollution is not zero because: 200 MSB O 0 1 2 3 4 5 6 Metric tons of pollution 7 8 9 10 O the marginal social cost of...
1. Working with Numbers and Graphs Q1 Suppose the marginal costs of reading are constant at $6 per hour, while the marginal benefits of reading decline (over time) as more reading is performed. In particular, suppose the following table contains the marginal benefit associated with various levels of hours spent reading Time Spent Reading Marginal Benefits (Hours)(Dollars per hour) 10 16 40 Assume the marginal-benefit curve is a straight line through the two points described in the table on the...
Use Table Below: Coal Mine Pollution. The table shows the
marginal social benefit and cost of various amounts of pollution
from a coal mine. If 5 tons of pollution is produced, the marginal
social benefit is _____, and the marginal social cost is
_____.
$400; $400
$300; $500
$0; $800
$800; $0
Table: Coal Mine Pollution Quantity of Marginal Marginal Pollution Social Social (tons) Benefit Cost $800 $0 700 100 600 200 500 300 400 500 200 600 700 0...
CHAPTER 10 QUESTIONS Use the following diagram to answer the appropriate questions: Marginal Cost of Sweatshirts Quantity of shirts Total cost 21. (Table: Marginal Cost of Sweatshirts) Look at the table Marginal Cost of Sweatshirts. The marginal cost of the second sweatshirt is: A. $9. B. $20. C. $11. D. $29. 22. According to the marginal decision rule, if the marginal benefit is: A. more than marginal cost, an activity should be reduced. B. equal to marginal cost, an activity...
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