Author Question: Using the data in the above table, when the firm increases its output from 4 to 9 units, the ... (Read 71 times)

jake · **on:** Jun 29, 2018

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