-The above table shows the marginal benefits and costs from the production of fertiliser. There are no external benefits. The efficient level of output is

Question

Quizplus · Accepted Answer

The efficient level of output is where marginal benefits equal marginal costs. Without the table, the specific values cannot be determined, but the principle of efficiency is met at the point where these two measures are equal.

-The Above Table Shows the Marginal Benefits and Costs from the Production