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Marginal Cost PRICE (Dollars per toy car) Marginal Benefit 40 QUANTITY (Millions of toy cars per year)If 10 million toy cars are sold, ,which means
Marginal Cost PRICE (Dollars per toy car) Marginal Benefit 40 QUANTITY (Millions of toy cars per year)If 10 million toy cars are sold, ,which means that: O The production of toy cars is currently at an inefficient level, and to reach efficiency less should be produced. From the data given it is impossible to tell if toy cars are being produced at the efficient level. The production of toy cars is currently at the efficient level. The production of toy cars is currently at an Inefficient level, and to reach efficiency more should be produced If 30 million toy cars are sold, , which means that: O From the data given it is impossible to tell if toy cars are being produced at the efficient level. The production of toy cars is currently at the efficient level. The production of toy cars is currently at an Inefficient level, and to reach efficiency more should be produced. The production of toy cars is currently at an inefficient level, and to reach efficiency less should be produced, The optimal allocation of resources would result in the production of toy cars.sold, , whi of to MB equals MC at an inef given MB exceeds MC tell if toy of to MC exceeds MB at the effi of toy cars is currently at an ineff
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