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 pounds,4,000 pounds and 6,000 pounds.At each of these output levels,state whether output is inefficiently high,inefficiently low,or economically efficient.
Definitions:
Father's Instinct
The natural inclinations and protective behaviors exhibited by fathers towards their offspring.
Newborn Sleep
The period of rest and sleep patterns exhibited by newborns, which is crucial for their growth and development.
Awake Hours
The periods during a 24-hour day when an individual is not asleep, often spent working, studying, or engaging in activities.
Normal Amount
A standard or usual quantity or degree of something, determined by statistical, contextual, or average measures.
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