6. Complete the following table and answer the accompanying questions. a. At what level of the control variable are net benefits maximized? b. What is the relation between marginal benefit and marginal cost at this level of the variable? Margina Control Total Total Net Marginal Marginal Net Variable Benefits Cost Benefits Benefit Cost Benefit Q B(Q) C(Q) N(Q) MB(Q) MC(Q) MNB(Q 100 1200 950 210 60 101 1400 70 102 1590 80 103 1770 90 104 1940 100 105 2100 110 106 2250 120 107 2390 130 108 2520 140 109 2640 150 110 2750 160

6. Complete the following table and answer the accompanying questions. a. At what level of the control variable are net benefits maximized? b. What is the relation between marginal benefit and marginal cost at this level of the variable? Margina Control Total Total Net Marginal Marginal Net Variable Benefits Cost Benefits Benefit Cost Benefit Q B(Q) C(Q) N(Q) MB(Q) MC(Q) MNB(Q 100 1200 950 210 60 101 1400 70 102 1590 80 103 1770 90 104 1940 100 105 2100 110 106 2250 120 107 2390 130 108 2520 140 109 2640 150 110 2750 160

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter12: Medicare

Section: Chapter Questions

Problem 1QAP

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