Question: Complete the following table and answer the accompanying questions. a. At what level of the control variable are net benefits maximized? b. What is the

Complete the following table and answer the accompanying questions.

Marginal Control Total Total Nat Banefits Marginal Benefit Marginal Net Variable Benefits

a. At what level of the control variable are net benefits maximized?

b. What is the relation between marginal benefit and marginal cost at this level of the control variable?

Marginal Control Total Total Nat Banefits Marginal Benefit Marginal Net Variable Benefits Cost Cost Benefit B(Q) NQ) MB(Q) MCQ) MNB(Q) 100 1200 950 210 40 101 1400 50 102 1590 60 103 1770 70 104 1940 80 105 2100 90 106 2250 100 107 2390 110 108 2520 120 109 2640 130 110 2750 140

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