What is the total benefit associated with producing four units of the control variable, Q (identify point A in the table)?
A) 600
B) 2,600
C) 3,000
D) 3,400

Question

What is the total benefit associated with producing four units of the control variable, Q (identify point A in the table)? 
A) 600 
B) 2,600 
C) 3,000 
D) 3,400

Quizplus · Accepted Answer

The total benefit associated with producing four units of the control variable, Q (point A) is the sum of the marginal benefits of each unit up to that point, which is 900 + 800 + 700 + 600 = 3000. Therefore, the best choice is C.

What Is the Total Benefit Associated with Producing Four Units