Using the data in the above table, when the firm increases its ...

[jake]

Using the data in the above table, when the firm increases its output from 4 to 9 units, the marginal cost of a unit is
 
  A) 4.00 a unit.
  B) 5.00 a unit.
  C) 6.00 a unit.
  D) 7.00 a unit.

Question 2

For a common resource, the equilibrium with no government intervention is such that ________ is less than ________.
 
  A) marginal private cost; marginal social benefit
  B) marginal social benefit; marginal social cost
  C) marginal private benefit; marginal social benefit
  D) total social benefit; total social cost

[princessflame2016]

Answer to Question 1

B

Answer to Question 2

A

[jake]

Thanks for the timely response, appreciate it

[sarah_brady415]

YES! Correct, THANKS for helping me on my review