Use the figure below to answer the following questions. Figure 2.2.1
-In Figure 2.2.1,when 4,000 bicycles are produced each month,
A)the marginal benefit from the 4,000th bicycle is greater than the marginal cost of the 4,000th bicycle.
B)more bicycles must be produced to reach the efficient level of output.
C)fewer bicycles must be produced to reach the efficient level of output.
D)the production of bicycles is efficient.
E)the marginal benefit from the 4,000th bicycle equals the marginal cost of the 4th scooter.

Question

Use the figure below to answer the following questions.  Figure 2.2.1
-In Figure 2.2.1,when 4,000 bicycles are produced each month,
A)the marginal benefit from the 4,000th bicycle is greater than the marginal cost of the 4,000th bicycle. 
B)more bicycles must be produced to reach the efficient level of output. 
C)fewer bicycles must be produced to reach the efficient level of output. 
D)the production of bicycles is efficient. 
E)the marginal benefit from the 4,000th bicycle equals the marginal cost of the 4th scooter.

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following questions.  Figure 2.2.1
-In Figure 2.2.1,when 4,000 bicycles are produced each month,
A)the marginal benefit from the 4,000th bicycle is greater than the marginal cost of the 4,000th bicycle. 
B)more bicycles must be produced to reach the efficient level of output. 
C)fewer bicycles must be produced to reach the efficient level of output. 
D)the production of bicycles is efficient. 
E)the marginal benefit from the 4,000th bicycle equals the marginal cost of the 4th scooter.

Use the Figure Below to Answer the Following Questions