What Is the Marginal Cost Associated with Producing Three Units

question 114

Multiple Choice

What is the marginal cost associated with producing three units of the control variable,Q (identify point E 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) 50
• B) 100
• C) 200
• D) 300

Acknowledge the value of diversity and inclusivity in organizational settings.

Understand how age and experience contribute to job performance.

Comprehend the concepts of stereotype threat and its implications in the workplace.

Learn about the inequities in compensation and performance feedback based on gender.

---

Definitions:

Superior Hemorrhoidal Artery

A blood vessel that supplies blood to the upper part of the rectum and anal canal, also known as the superior rectal artery.

Gallbladder

An organ that stores bile produced by the liver, releasing it into the small intestine to aid in the digestion of fats.

Internal Mammary Artery

A major artery running along the inside of the chest wall, often used as a graft in coronary artery bypass surgery.

Pericardium

The double-walled sac containing the heart and the roots of the major blood vessels, with fluid that reduces friction during heart beats.