Determining Socially Optimal Quantity
For good Z, the marginal benefit (MB) is $25 and the marginal cost (MC) is $15 at a quantity (Q) of 50. At Q = 60, MB is $20 and MC is $20. At Q = 70, MB is $15 and MC is $25. What is the socially optimal quantity?
A
60 units
B
50 units
C
70 units
D
Between 50 and 70 units
Question Leaderboard
| Rank | |||||
|---|---|---|---|---|---|
| #1 | swjrichards | 2 | 2 | 0m 00s | 200 |
| #2 | rebekahnrp | 1 | 1 | 0m 24s | 76 |
| #3 | jasmineleung1007 | 1 | 4 | 1m 01s | 9 |
| #4 | amogh.ck2 | 0 | 1 | 0m 00s | -10 |
| #5 | chi2903nq | 1 | 2 | 1m 46s | -16 |
| #6 | jcbaird17 | 0 | 2 | 0m 00s | -20 |
Items per page:
10
1 – 6 of 6