Complete the following table and answer the accompanying questions. a. At what level of the control variable
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 relation between marginal benefit and marginal cost at this level of the control variable?
Transcribed Image Text:
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
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
The completed table looks like this a Net benefits are maximized ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Economics and Business Strategy
ISBN: 978-0071267441
7th Edition
Authors: Michael R. baye
Question Posted:
Students also viewed these Economics questions
-
Complete the following table and answer the questions below: a. At which rate is total utility increasing: a constant rate, a decreasing rate, or an increasing rate? How do you know? b. A rational...
-
Answer the following: a. Complete the following table and use it to find this monopolists short-run profit-maximizing level of output. How much profit will this firm earn? b. Redo the table to show...
-
Complete the accompanying table and answer the accompanying questions. a. At what level of the control variable are net benefits maximized? b. What is the relation between marginal benefit and...
-
Consider Southeast Home Care, which is a for-profit business. In 2020, its net income was $1,500,000 and it distributed $500,000 to owners in the form of dividends. Its beginning-of-year equity...
-
Listed below are weights (grams) from a simple random sample of "wheat" pennies (from Data Set 29 "Coin Weights" in Appendix B). U.S. Mint specifications now require a standard deviation of 0.0230 g...
-
Engelhart Implements Inc. sells tractors to area farmers. The price for each tractor includes GFS positioning service for 9 months (which facilitates field settings for planting and harvesting...
-
What electronic information is discoverable?
-
Cowboy Enterprises has three service departments (administration, maintenance, and computer support) and two production departments (creative and assembly). A summary of costs and other data for each...
-
BML Ltd. has an existing bond that trades on the secondary market. This bond has 11.5 years left to maturity, makes semiannual coupon payments, trades at a YTM of 10.25%, and has a current market...
-
Tunacliff Mowers allows each employee to earn 15 paid vacation days each year with full pay while on vacation. Unused vacation time can be carried over to the next year; if not taken during the next...
-
A firms current profits are $550,000. These profits are expected to grow indefinitely at a constant annual rate of 5 percent. If the firms opportunity cost of funds is 8 percent, determine the value...
-
It is estimated that over 90,000 students will apply to the top 30 M.B.A. programs in the United States this year. a. Using the concept of net present value and opportunity cost, explain when it is...
-
Frank Deluca and his son David owned the Sportsman's Pub on Fountain Street in Providence, Rhode Island. The Delucas applied to the city for a license to employ topless dancers in the pub. Did the...
-
If your college were invited to the New Mexico Bowl, would you favor accepting the bid? Why or why not?
-
Lets say that New Venture Fitness Drinks was interested in hiring a new chief executive officer (CEO) and was interviewing the CEOs of three small restaurant chains. To get a sense of how savvy each...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Warranties are promises or statements made by manufacturers or sellers.
-
How do changes in productivity affect the opportunity cost of nuts?
-
What is the production possibilities curve for an economy in which Susan is the only worker?
-
The growth of plants is due to the division of __________, which are found in ___________. a. stem cells, the shoots b. stem cells, apical and basal meristems c. somatic cells, the shoots d. somatic...
-
The Taylor's series expansion for cosx about x = 0 is given by: where x is in radians. Write a user-defined function that determines cosx using Taylor's series expansion. For function name and...
-
Solve Problems 8184 using augmented matrix methods. Use a graphing calculator to perform the row operations. 0.8x + 2.88x2 1.25x +4.34x = 4 = 5 =
-
You are in the market for a new refrigerator for your companys lounge, and you have narrowed the search down to two models. The energy- efficient model sells for $ 700 and will save you $ 45 at the...
-
You are the human resources manager for a famous retailer, and you are trying to convince the president of the company to change the structure of employee compensation. Currently, the companys retail...
-
Jamie is considering leaving her current job, which pays $ 75,000 per year, to start a new company that develops applications for smart phones. Based on market research, she can sell about 50,000...
-
A toroidal solenoid (see the figure (Figure 1)) has inner radius 15.2 cm and outer radius 19.5 cm. The solenoid has 260 turns and carries a current of 9.40 A. What is the magnitude of the magnetic...
-
Briefly describe the situation. Include a link to the story (optional). What issues specifically concern the organization, brand, product, or service? What communication/marketing channels did the...
-
3)The figure shows two wires that are tied to a 0.800 kg ball that revolves in a horizontal circle at a constant speed A) Draw the FBD and KD of the ball. If the tension in the top wire is 38.0 N, B)...
Study smarter with the SolutionInn App