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Author Question: The figure above shows the marginal benefit curve (MB) and marginal cost curve (MC) of surveillance ... (Read 104 times)

123654777

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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.


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Marked as best answer by 123654777 on May 24, 2019

Dnite

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123654777

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Reply 2 on: May 24, 2019
Gracias!


xoxo123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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