-What Is the Net Benefit of the 6th Unit of }

question 73

Multiple Choice

$\begin{array}{cccccc}\text { Level of } & \text { Total } & \text { Total } & \text { Marginal } & \text { Marginal } & \text { Net } \\\text { Activit } & \text { Beneft } & \text { Cost } & \text { Benefit } & \text { Cost } & \text { Benefit }\\\hline0&-&0&xx&xx&0\\1&100&50&-&-&-\\2&-&-&150&0&100\\3&-&-&-&160&115\\4&605&-&-&179&-\\5&-&674&120&-&-\\6&825&-&-&190&-\end{array}$
-What is the net benefit of the 6th unit of the activity?

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Definitions:

Exponential Distribution

A probability distribution used to model the time between events in a process where events occur continuously and independently at a constant rate.

Parameter

A measurable feature or characteristic that helps to define or classify a system, often a constant in mathematical models and statistical analyses.

Exponentially Distributed

A statistical term used to describe the time between events in a Poisson point process, where events occur continuously and independently at a constant average rate.

Random Variable

An element with numerical values produced by the uncertainty of events.