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1. (9 points) The marginal benefits (MB) and marginal cost (MC) of activity A are as follow: 10.08571A MB I MC=1.5 +0.7857A a. What is

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1. (9 points) The marginal benefits (MB) and marginal cost (MC) of activity A are as follow: 10.08571A MB I MC=1.5 +0.7857A a. What is the equilibrium level of A? b. What is the relationship between MC and MB after that point? c. If A-6, what is the MB? MC? Should we produce more or less? Why? If A-12, what is the MB? MC? Should we produce more or less? Why? d

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