Question
Emmanuel enjoys growing zucchini in his garden and then selling his local produce at the local farmer's market. The table below shows his marginal benefit
Emmanuel enjoys growing zucchini in his garden and then selling his local produce at the local farmer's market. The table below shows his marginal benefit and marginal cost for each hour he spends in his garden per week
a) Given the information below, what is Emmanuel's optimal amount of time spent gardening each week?
4 hours
3 hours
5 hours
2 hours
b) If Emmanuel were to spend 2 hours each week gardening:
the marginal benefit would exceed the marginal cost by $8
the marginal benefit would exceed the marginal cost by $20
the marginal cost would exceed the marginal benefit by $8
the marginal benefit would equal the marginal cost
c) If Emmanuel were to spend 5 hours each week gardening
the marginal cost would would exceed the marginal benefit by $16
the marginal benefit would exceed the marginal cost by $16
the marginal benefit would exceed the marginal cost by $20
the marginal benefit would equal the marginal cost
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