ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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What is the marginal net benefit associated with
producing five units of the control variable, Q (identify
point F in the table)? Control variable Total Benefits
Total Costs Net Benefits Marginal Benefit Marginal Cost
Marginal Net Benefit Q BIQ) CIQ) N(Q) MB(Q) MC(Q)
MNBIQ
10000--
-
1 900 100 800 900 100 800 2 1,700 300
C 800 200 600 3 2,400 600 1,800 700 E 400 4 A
1,000 2,000 600 400 200 5 3,500 1,500 2,000 500 500
F 6 3,900 2,100 1,800 D
600 -200 7 4,200 2,800 1,400 300 700-400 8 4,400
B
800 200 800-600 9 4,500 4,500 0 100 900 -800 10 4,
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Transcribed Image Text:What is the marginal net benefit associated with producing five units of the control variable, Q (identify point F in the table)? Control variable Total Benefits Total Costs Net Benefits Marginal Benefit Marginal Cost Marginal Net Benefit Q BIQ) CIQ) N(Q) MB(Q) MC(Q) MNBIQ 10000-- - 1 900 100 800 900 100 800 2 1,700 300 C 800 200 600 3 2,400 600 1,800 700 E 400 4 A 1,000 2,000 600 400 200 5 3,500 1,500 2,000 500 500 F 6 3,900 2,100 1,800 D 600 -200 7 4,200 2,800 1,400 300 700-400 8 4,400 B 800 200 800-600 9 4,500 4,500 0 100 900 -800 10 4,
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