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If the marginal benefit of a product moves from $50 at one quantity to $30 at the second quantity to $10 at the third quantity...
If the marginal benefit of a product moves from $50 at one quantity to $30 at the second quantity to $10 at the third quantity... and the marginal cost is always $25,
(a) how many of the product would you sell, if you could sell whatever quantity you produce (show your reasoning);
(b) draw a graph of marginal benefit and total benefit for quantities 0-3, with proper vertical and horizontal descriptions;
c) draw a graph of (a) indicating where you would STOP producing and indicate the appropriate equation.
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