What is the total cost associated with producing eight units of the control varlable, a (identify point B in the tablej?34Marginal Harginal Harginal NetBеnefitControlTotalNetCosts Benefits BenefitTotalvariable BenefitsCostSeppedB(Q)C(Q)MB(0)MC(0)MND (0)90010080090010080021,7003008002006002,4006001,800700E4001,0001,5004005002,0002,0001,8001,40046002003,5005003,9002,100D600-2004,2004,4004,5002,800300700-400800200800-6004,500100900-800104,5005,500-1,0001,000-1,000Mutiple Choice3,0003,6003,8004,200

Marginal Cost refers to the additional cost incurred due to production of additional unit of output.…

What is the total cost associated with producing eight units of the control variable, Q identify point Bin the tablej? 34 Control variable Benetita Net Benefits Benetit Marginal Harginal Marginal Net Benefit MN (0) Total Total Costs Cost C(Q) 900 100 800 900 100 800 1,700 300 800 200 600 2,400 600 1,800 700 400 1,000 2,000 600 400 200 2,000 1,800 3,500 500 1,500 2,100 500 3,900 4,200 4,400 600 -200 2,800 1,400 300 700 -400 B00 200 B00 -600 4,500 4,500 100 900 800 10 4,500 5,500 1,000 -1,000 Mutpie Choice 1000 3600 4200

What is the total cost associated with producing eight units of the control variable, Q identify point Bin the tablej? 34 Control variable Benetita Net Benefits Benetit Marginal Harginal Marginal Net Benefit MN (0) Total Total Costs Cost C(Q) 900 100 800 900 100 800 1,700 300 800 200 600 2,400 600 1,800 700 400 1,000 2,000 600 400 200 2,000 1,800 3,500 500 1,500 2,100 500 3,900 4,200 4,400 600 -200 2,800 1,400 300 700 -400 B00 200 B00 -600 4,500 4,500 100 900 800 10 4,500 5,500 1,000 -1,000 Mutpie Choice 1000 3600 4200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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