Asked by Tiana Hailey on Jul 11, 2024

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(Figure: The Optimal Quantity) Use Figure: The Optimal Quantity.If the marginal benefit of lawn mowing increased,the marginal _____ curve in the figure would shift to the _____ and the optimal quantity would be _____ than five lawns mowed.

A) benefit;right;more
B) cost;right;fewer
C) benefit;left;fewer
D) cost;left;more

Marginal Benefit

The supplementary value obtained from the consumption of an extra unit of a good or service.

Optimal Quantity

The ideal amount of a good or service that maximizes efficiency or utility, taking into account costs and benefits.

Marginal Curve

Refers to graphs like the marginal cost curve or marginal revenue curve, which show how the cost or revenue changes with an additional unit of output.

  • Analyze the impact of changes in marginal benefit and marginal cost on optimal decision making.
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Farah AnaniJul 13, 2024
Final Answer :
A
Explanation :
If the marginal benefit of lawn mowing increases, the marginal benefit curve would shift to the right. This would lead to a higher optimal quantity of lawns mowed, which means that the optimal quantity would be more than five lawns mowed. Thus, the correct answer is A) benefit; right; more.