-Refer to Figure 9

question 132

Multiple Choice

-Refer to Figure 9.5.If this farmer is maximizing his profits,his total variable cost is

• A) $24.
• B) $42.
• C) $108.
• D) $255.

---

Definitions:

Marginal Benefit

The additional satisfaction or utility gained from receiving one more unit of a good or service.

Society's Well-Being

The overall level of happiness, health, and economic prosperity experienced by a community or society.

Total Benefit

The complete gain or satisfaction obtained from consuming a good, service, or undertaking a particular action.

Football Tickets

Tickets that grant admission to watch a football game.