Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
Use the graph below to answer the following questions:a)At 200 units of the activity,
Use the graph below to answer the following questions:
a) At 200 units of the activity,
marginal benefit is $__________ and marginal cost is $__________.
b) Adding the 200th unit of the activity causes net benefit to __________ (increase, decrease) by $__________.
c) At 700 units of the activity, marginal benefit is $__________ and marginal cost is $__________.
d) Subtracting the 700th unit of the activity causes net benefit to __________ (increase, decrease) by $__________.
e) The optimal level of the activity is __________units. At the optimal level of the activity, marginal benefit is $__________ and marginal cost is $__________.
