Suppose the equilibrium price and quantity for a product are $50 and 100 units respectively. What is the marginal benefi
Posted: Thu May 19, 2022 8:55 am
Suppose the equilibrium price and quantity for a product are $50
and 100 units respectively. What is the marginal benefit to
consumers and the marginal cost to suppliers of an additional unit
of the product?
A) The marginal benefit is $50 and the marginal cost is $50.
B) The marginal benefit is $50 and the marginal cost is
$100.
C) The marginal benefit is $100 and the marginal cost is
$100.
D) There is not enough information to compute the marginal
benefit and marginal cost.
and 100 units respectively. What is the marginal benefit to
consumers and the marginal cost to suppliers of an additional unit
of the product?
A) The marginal benefit is $50 and the marginal cost is $50.
B) The marginal benefit is $50 and the marginal cost is
$100.
C) The marginal benefit is $100 and the marginal cost is
$100.
D) There is not enough information to compute the marginal
benefit and marginal cost.