[Solution Library] Complete the following table and answer the accompanying questions. Q B(Q) C(Q) N(Q) MB(Q) MC(Q) MNB 100 1200 950 210 40 101 1400 50 102 1590 60
Question: Complete the following table and answer the accompanying questions.
| Q | B(Q) | C(Q) | N(Q) | MB(Q) | MC(Q) | MNB |
| 100 | 1200 | 950 | 210 | 40 | ||
| 101 | 1400 | 50 | ||||
| 102 | 1590 | 60 | ||||
| 103 | 1770 | 70 | ||||
| 104 | 1940 | 80 | ||||
| 105 | 2100 | 90 | ||||
| 106 | 2250 | 100 |
- At what level of the control variable are net benefits maximized?
- What is the relation between marginal benefit and marginal cost at this level of the control variable?
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