The graph below represents the market for walnuts.Identify the values of the marginal benefit and the marginal cost at the output levels of 2000 metrics, 4000 metrics and 6000 metrics.At each of these output levels, state whether output is inefficiently high, inefficiently low, or economically efficient. __________________________________________________________________________________________________________________________________________________________________________________________

Question

The graph below represents the market for walnuts.Identify the values of the marginal benefit and the marginal cost at the output levels of 2000 metrics, 4000 metrics and 6000 metrics.At each of these output levels, state whether output is inefficiently high, inefficiently low, or economically efficient.  __________________________________________________________________________________________________________________________________________________________________________________________

Quizplus · Accepted Answer

The Answer of The graph below represents the market for walnuts.Identify the values of the marginal benefit and the marginal cost at the output levels of 2000 metrics, 4000 metrics and 6000 metrics.At each of these output levels, state whether output is inefficiently high, inefficiently low, or economically efficient.  __________________________________________________________________________________________________________________________________________________________________________________________

The Graph Below Represents the Market for Walnuts