(Answered) Question define marginal benefit explain how it is measured

Economics

Question: Define marginal benefit. Explain how it is measured and why the data in the table does not enable you to calculate Brazil's marginal benefit from food.

Ethanol Food crops
(barrels per day) (tonnes per day)

70 and 0

64 and 1

54 and 2

40 and 3

22 and 4

0 and 5

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92420174
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question when microsoft was founded the company devoted

Question: When Microsoft was founded, the company devoted very few resources to lobbying activities. After a high-profile antitrust case against it, however, the company began to lobby heavily. Why does it make financial ...

Question explain how it is possible for an economy in the

Question: Explain how it is possible for an economy in the recovery phase of the business cycyle to have a lower GDP and higher unemployment rate than when it was in the recession phase of the business cycle. The respons ...

Question describe the difference between frictional and

Question: Describe the difference between frictional and structural unemployment. Explain the reasons why each type of unemployment may arise. The response must be typed, single spaced, must be in times new roman font (s ...

Question paper details a 5-7 page including cover and

Question: Paper Details: A 5-7 page (including cover and reference pages so about 3-5 of actual writing) research paper APA style, 12 pt font double spaced. You must cite at least 2 sources that are from peer-reviewed ar ...

Question the interest rate is 10 percent and you purchase

Question: The interest rate is 10 percent and you purchase the newly issued bond in equation 16.3 for $10,000. After you hold it for 16 years the market interest rate rises to 15 percent. Calculate the change in its pric ...

Quesiton consider the following economyplease follow

Quesiton: Consider the following economy: Please follow directions and label answers e & f: 1,2, and 3 C = 1200 + .63 Y I = 1750 - 1500 R NX = 50 -.1 Y - 500 R M = (.1625 Y - 1000 R) P a. If G = 1,200 and M = 800, calcul ...

Question mr asimov must replace the 15 robots on his

Question: Mr. Asimov must replace the 15 robots on his assembly line. The Robo100 model costs $49379 per robot and they will last for three years. The EconoRobo model costs $11101 per robot and will last for two years. T ...

Question consider the following probability density

Question: Consider the following probability density function for the random variable x: a. Suppose a random sample of 5 observations on x yields data 1, .8, 1.3, 1.6, 2. What is the maximum likelihood estimate for θ? b. ...

Question farmer brian has 3 acres of land which he farms

Question: Farmer Brian has 3 acres of land which he farms efficiently. Each acre can support 20 apple trees. However the 3 acres differ in their ability to support orange trees. He can grow 40 orange trees on the best la ...

Question imagine that you are the administrator of a city

Question: Imagine that you are the administrator of a city hospital and you have been asked by your hospital's legal counsel to prepare a presentation for your hospital's medical team that discusses negligence in the hea ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert