Author Question: Using the data in the above table, when output increases from 4 to 9 units, the marginal cost of one ... (Read 90 times)

xclash · **on:** Jun 29, 2018

Using the data in the above table, when output increases from 4 to 9 units, the marginal cost of one of those 5 units is

A) 4.00.
B) 4.25.
C) 5.00.
D) 6.25.

Question 2

Tom and Jerry are the only members of society. The table above shows their marginal benefits from defense satellites, a public good. If the marginal social cost of a satellite is 54, the quantity of satellites provided by a competitive market is

A) 0.
B) 1.
C) 2.
D) 3.