Answer to Question #98914 in Microeconomics for KB

Question #98914
1. For a office building, marginal benefit and marginal cost of an additional floor for a builder is given by,
1
Expert's answer
2019-11-19T07:21:35-0500

The marginal cost formula is: Change in total cost divided by change in quantity or: Change in TC / Change in Q = MC (Hall,2019).

The formula for  marginal benefit is the change in total benefit divided by the change in quantity or: Change in TB / Change in Q = MB (Hall,2019).


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