Fill in the Blanks in the Following Table A If Activity X Is Increased from 3 to 4

question 41

Short Answer

Fill in the blanks in the following table. Then use the table to answer the questions:
$\begin{array}{ccccc}&\text { Total } & \text { Total } & \text { Marginal } & \text { Marginal } & \text { Net } \\X&\text { Benefit } & \text { Cost } & \text { Benefit } & \text { Cost } & \text { Benefit }\\\hline0&-&0&xx&xx&0\\1&200&30&-&-&-&\\2&-&-&100&-&230\\3&-&-&-&50&270\\4&450&-&-&65&-\\5&-&255&30&-&-\\6&500&-&-&75&-\end{array}$
a. If activity X is increased from 3 to 4 units, total benefit ___________ by $_________.
b. If X is increased from 3 to 4 units, total cost ___________ by $_________.
c. If X is decreased from 6 to 5 units, total benefit ___________ by $_________, and total cost ___________ by $_________. Thus, net benefit _____________.
d. The optimal level of activity is ___ units of activity X, and net benefit at the optimal level of X is $____________.

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Definitions:

Catharsis

The process of releasing, and thereby providing relief from, strong or repressed emotions, often through art, drama, or other forms of expression.

Aggression

Behavior aimed at causing harm or pain to others, whether physically or psychologically.

Financial Hardship

A situation where an individual or family struggles to meet their financial obligations due to lack of income, high expenses, or both.

Violence

Physical force exerted for the purpose of causing damage or injury to people or property.