Complete the table above. a. A h. N 22 Quantity 0 30 50 g. AV b. e. N Total Benefit a. 210 e. 430 Marginal Benefit C. 5 h. Total Cost b. C. d. f. 320 Marginal Cost 4 4 3 A A AV f. A/ 8. The quantity that maximizes surplus is d.

Complete the table above. a. A h. N 22 Quantity 0 30 50 g. AV b. e. N Total Benefit a. 210 e. 430 Marginal Benefit C. 5 h. Total Cost b. C. d. f. 320 Marginal Cost 4 4 3 A A AV f. A/ 8. The quantity that maximizes surplus is d.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Complete the table above.
a.
A
h.
A
22
Quantity
0
30
50
g.
AV
b.
e.
A
Total
Benefit
a.
210
e.
430
Marginal
Benefit
C.
5
h.
Total
Cost
b.
C.
d.
f.
320
Marginal
Cost
4
4
3
A
A/ f.
The quantity that maximizes surplus is
2
go

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