0 1 2 3 4 5 6 0 65 85 30 60 O 27 35 51 8 5 10 14 20 1. What is the optimal level of activity in the table above? 2. What is the value of net benefit at the optimal level of activity? Can net benefit be increased by movin level of A? Explain. 3. Using the numerical values in the table, comment on the statement, "The optimal level of activity occu marginal benefit is closest to marginal cost."

0 1 2 3 4 5 6 0 65 85 30 60 O 27 35 51 8 5 10 14 20 1. What is the optimal level of activity in the table above? 2. What is the value of net benefit at the optimal level of activity? Can net benefit be increased by movin level of A? Explain. 3. Using the numerical values in the table, comment on the statement, "The optimal level of activity occu marginal benefit is closest to marginal cost."

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter1: What Economics Is About

Section: Chapter Questions

Problem 24QP

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