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The Graph Below Represents the Market for Walnuts

question 167

Essay

The graph below represents the market for walnuts.Identify the values of the marginal benefit and the marginal cost at the output levels of 2000 metrics, 4000 metrics and 6000 metrics.At each of these output levels, state whether output is inefficiently high, inefficiently low, or economically efficient. The graph below represents the market for walnuts.Identify the values of the marginal benefit and the marginal cost at the output levels of 2000 metrics, 4000 metrics and 6000 metrics.At each of these output levels, state whether output is inefficiently high, inefficiently low, or economically efficient.   __________________________________________________________________________________________________________________________________________________________________________________________ __________________________________________________________________________________________________________________________________________________________________________________________


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