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 pounds, 4000 pounds and 6000 pounds. 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 pounds, 4000 pounds and 6000 pounds. 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. Identify the values of the marginal benefit and the marginal cost at the output levels of 2000 pounds, 4000 pounds and 6000 pounds. 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 pounds, 4000 pounds and 6000 pounds. 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