Use the Total Found Above to Find the Marginal Cost

question 4

Multiple Choice

Use the total found above to find the marginal cost at this quantity for the metropolitan area as a whole.Then use the marginal benefit equations to see how much energy the Urban Area and suburban area should get.

• A)Urban 1,000, Suburban 1,000
• B)Urban 2,000, Suburban 1,800
• C)Urban 2,000, Suburban 1,400
• D)Urban 800, Suburban 2,800

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Definitions:

Annual Repayments

are fixed amounts paid back by a borrower to a lender at regular intervals over a year to reduce or settle a loan's principal and interest.

Exchange Gains

A financial outcome resulting from favorable changes in exchange rates, leading to increased value of foreign currency transactions or holdings prior to their conversion to a home currency.

Exchange Rate

The amount one currency is valued at when converting to a different one.

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.