The marginal benefit of the fourth launch is $9 billion, which exceeds its marginal cost of $8
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The marginal benefit of the fourth launch is $9 billion, which exceeds its marginal cost of $8 billion, so the fourth launch should be added. But the fifth launch should not, because its marginal cost ($12 billion) exceeds its marginal benefit ($9 billion). (LO3)
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Related Book For
Principles Of Microeconomics A Streamlined Approach
ISBN: 9781264058785
4th Edition
Authors: Robert H. Frank
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