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    "meta_title": "[Solved] Suppose the marginal benefit of writing a | SolutionInn",
    "meta_description": "Answer of - Suppose the marginal benefit of writing a contract is $100, independent of its length. Find the optimal contract lengt | SolutionInn",
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    "question_title_h1": "Suppose the marginal benefit of writing a contract is $100, independent of its length. Find the optimal contract length when the marginal cost of writing",
    "question_title": "Suppose the marginal benefit of writing a contract is $100, independent of",
    "question_title_for_js_snippet": "Suppose the marginal benefit of writing a contract is $100, independent of its length  Find the optimal contract length when the marginal cost of writing a contract of length L is  a  MC ( L )   30   4 L   b  MC ( L )   40   5 L   c  What happens to the optimal contract length when the marginal cost of writing a contract declines  (Click to select) It decreases  It increases  It stays the same ",
    "question_description": "<p>Suppose the marginal benefit of writing a contract is $100, independent of its length. Find the optimal contract length when the marginal cost of writing a contract of length <em>L<\/em> is:<\/p> <p> <\/p> <p> a. <em>MC<\/em>(<em>L<\/em>) = 30 + 4<em>L<\/em>.<\/p> <p> <\/p> <p> <\/p> <p> b. <em>MC<\/em>(<em>L<\/em>) = 40 + 5<em>L<\/em>.<\/p> <p> <\/p> <p> <\/p> <p> c. What happens to the optimal contract length when the marginal cost of writing a contract declines?<\/p> <p> <\/p> <p> (Click to select) It decreases. It increases. It stays the same. <\/p>",
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        "edition": "4th Edition",
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