What Is the Total Benefit Associated with Producing Four Units

question 26

Multiple Choice

What is the total benefit associated with producing four units of the control variable,Q (identify point A in the table) ?
$\begin{array}{|c|c|c|c|c|c|c|}\hline \begin{array}{c}\text { Control } \\\text { Variable }\end{array} & \begin{array}{c}\text { Total } \\\text { Benefits }\end{array} & \begin{array}{c}\text { Total } \\\text { Costs }\end{array} & \begin{array}{c}\text { Net } \\\text { Benefits }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Benefit }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Cost }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Net Benefit }\end{array} \\\hline Q & B(Q) & C(Q) & N(Q) & \boldsymbol{M}(Q) & \boldsymbol{M}(Q) & M N B(Q) \\\hline 0 & 0 & 0 & 0 & -- & -- & -- \\\hline 1 & 900 & 100 & 800 & 900 & 100 & 800 \\\hline 2 & 1,700 & 300 & C & 800 & 200 & 600 \\\hline 3 & 2,400 & 600 & 1,800 & 700 & E & 400 \\\hline 4 & A & 1,000 & 2,000 & 600 & 400 & 200 \\\hline 5 & 3,500 & 1,500 & 2,000 & 500 & 500 & F \\\hline 6 & 3,900 & 2,100 & 1,800 & D & 600 & -200 \\\hline 7 & 4,200 & 2,800 & 1,400 & 300 & 700 & -400 \\\hline 8 & 4,400 & B & 800 & 200 & 800 & -600 \\\hline 9 & 4,500 & 4,500 & 0 & 100 & 900 & -800 \\\hline 10 & 4,500 & 5,500 & -1,000 & 0 & 1,000 & -1000 \\\hline\end{array}$

• A) 600
• B) 2,600
• C) 3,000
• D) 3,400

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Describes conditions or aspects of a task that require sustained physical or mental effort, potentially leading to stress.

Quantitative

Pertaining to or expressible in terms of quantity, often involving the use of statistical methods to collect and analyze numerical data.

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