Refer to the Table Below

question 102

Multiple Choice

Refer to the table below.The marginal benefit of the 5^th unit of activity is:

• A)$50
• B)$44
• C)$10
• D)$5

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Definitions:

Short Run

A period of time in which at least one input (typically capital) is fixed, affecting the firm's capacity to adjust its production levels.

Efficient Use

The optimization of resources to achieve the highest possible output or benefit with the least amount of input or waste.

P > MC

A situation in which price is greater than marginal cost, indicating potential profit opportunities for firms.

Profits Equal Zero

A situation in which a firm's total revenue is exactly equal to its total costs, resulting in no net profit.