Use The Graph Below To Answer The Following Questions A)

At 200 units of the activity,

Question

Use the graph below to answer the following questions:

a) At 200 units of the activity,

marginal benefit is $__________ and marginal cost is $__________.

b) Adding the 200th unit of the activity causes net benefit to __________ (increase, decrease) by $__________.

c) At 700 units of the activity, marginal benefit is $__________ and marginal cost is $__________.

d) Subtracting the 700th unit of the activity causes net benefit to __________ (increase, decrease) by $__________.

e) The optimal level of the activity is __________units. At the optimal level of the activity, marginal benefit is $__________ and marginal cost is $__________.

Microeconomics