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(Solution Library) Use the following table to answer the questions below: Unit Produced Total Revenue Total Cost 0 0 0 1 100 50 2 180 110 3 250 180 4 290 270

Question: Use the following table to answer the questions below:

Unit Produced Total Revenue Total Cost
0 0 0
1 100 50
2 180 110
3 250 180
4 290 270
5 310 380

What is the marginal revenue of producing the third unit?

What is- the marginal cost of producing the fifth unit?

At what level of output does marginal cost equal marginal revenue?

What is the level of net benefits when four units are produced?

What is the marginal net benefit of producing the fourth unit?

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