Multiple ChoiceO6002,6003,0003,400↓ What is the total benefit associated with producing four units of the control variable, Q (identify point A in the table)?ControlvariableMarginalCostMarginal NetBenefitQMC (Q)MNB (Q)0123456781910TotalBenefits. Total CostsB(Q)09001,7002,400A3,5003,9004,2004,4004,5004,500C(Q)01003006001,0001,5002,1002,800B4,5005,500NetBenefitsN(Q)0800C1,8002,0002,0001,8001,4008000-1,000MarginalBenefitMB (Q)900800700600500D3002001000100200E4005.d6007008009001,000800600400200F-200-400-600-800-1,000

The overall positive outcomes and gains that result from a particular decision, action, or project…

What is the total benefit associated with producing four units of the control variable, Q (identify point A in the table)? Control variable. Marginal Net Benefit MNB (Q) Q 0 1 2 3 4 5 6 7 8 9 10 Total Benefits Total Costs B(Q) C(Q) 0 900 1,700 2,400 A 3,500 3,900 4,200 4,400 4,500 4,500 0 100 300 600 1,000 1,500 2,100 2,800 B 4,500 5,500 Net Benefits N(Q) 0 800 C 1,800 2,000 2,000 1,800 1,400 800 0 -1,000 Marginal Benefit MB (Q) 900 800 700 600 500 D 300 200 100 0 Marginal Cost MC (Q) 100 200 E 400 sda 600 700 800 900 1,000 800 600 400 200 F -200 -400 -600 -800 -1,000

What is the total benefit associated with producing four units of the control variable, Q (identify point A in the table)? Control variable. Marginal Net Benefit MNB (Q) Q 0 1 2 3 4 5 6 7 8 9 10 Total Benefits Total Costs B(Q) C(Q) 0 900 1,700 2,400 A 3,500 3,900 4,200 4,400 4,500 4,500 0 100 300 600 1,000 1,500 2,100 2,800 B 4,500 5,500 Net Benefits N(Q) 0 800 C 1,800 2,000 2,000 1,800 1,400 800 0 -1,000 Marginal Benefit MB (Q) 900 800 700 600 500 D 300 200 100 0 Marginal Cost MC (Q) 100 200 E 400 sda 600 700 800 900 1,000 800 600 400 200 F -200 -400 -600 -800 -1,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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