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Author Question: The figure above shows the marginal benefit curve (MB) and marginal cost curve (MC) of surveillance ... (Read 98 times)

123654777

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on: May 24, 2019


The figure above shows the marginal benefit curve (MB) and marginal cost curve (MC) of surveillance satellites that provide national defense services.


In the figure above, the efficient quantity of satellites to produce is
◦ 200, because this is where marginal benefit equals marginal cost.
◦ 200, because this is where the market is in equilibrium.
◦ anywhere below 200, i.e., where marginal benefit exceeds marginal cost.
◦ anywhere above 200, i.e., where marginal benefit is below marginal cost.
◦ zero, because no one is willing to pay for satellites.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by 123654777 on May 24, 2019

Dnite

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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123654777

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
Excellent

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