The graph below represents the market for walnuts.Identify the values of the marginal benefit and the marginal cost at the output levels of 2,000 kilograms, 4,000 kilograms and 6,000 kilograms.At each of these output levels, state whether output is inefficiently high, inefficiently low, or economically efficient.
Definitions:
Dire Need
A situation expressing extreme urgency or pressing necessity, often relating to basic survival requirements.
First Aid
Immediate and temporary care given to an individual who is injured or suddenly becomes ill, before professional medical help is available.
Helping Others
Engaging in actions or behaviors that provide support, assistance, or benefit to someone other than oneself.
Altruistic Behavior
Altruistic Behavior is when individuals act to promote someone else's welfare, even at a cost or risk to themselves.
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