5. For each of the following situations involving marginal cost (MC) and marginal benefit (MB), indicate whether it would be best to produce more, fewer,
5. For each of the following situations involving marginal cost (MC)
and marginal benefit (MB), indicate whether it would be best to produce more, fewer, or the current number of units. LO1.4
a. 3,000 units at which MC = $10 and MB = $13.
b. 11 units at which MC = $4 and MB = $3.
c. 43,277 units at which MC = $99 and MB = $99.
d. 82 units at which MC < MB.
e. 5 units at which MB < MC.
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Authors: Campbell McConnell
21st Edition
1259915727, 9781259915727
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