Question
A)What will be the best choice of program combination to be selected? (5%) Please explain your steps and numbers. B)What is the final total benefits
A)What will be the best choice of program combination to be selected? (5%) Please explain your steps and numbers.
B)What is the final total benefits from this optimal combination (Summation of the five times of marginal benefits)? (5%) Show your calculation and answer.
C)Draw the Graph to illustrate your selection: (with Marginal benefit as your Y-axis, and each additional $100,000 investment as your X-axis) (3%).
D)What law can be explained by this graph? (2%)
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Advanced Placement Microeconomics
Authors: Bill Hurd
1st Edition
1531150306, 978-1531150303
