Question

Specify and explain the typical shapes of the marginal-benefit and marginal-cost curves. How are these curves used to determine the optimal allocation of resources to a particular product. If current output is such that marginal cost exceeds marginal benefit, should more or fewer resources be allocated to this product? Explain.

Answer 1

Answer:

The completely accurate definition of the particular subject is outlined in the following subsection including its clarification.

Explanation:

• The marginal profit trajectory has so far been sloping down, MB decreases, and since most of a commodity is collected as much more quantities of something like a good offer fewer sense of achievement, unlike earlier versions. This same marginal cost of production is pointing down upward, becomes rising as more than just a commodity is generated as additional items need progressively inappropriate utilization of resources.
• The optimum amount of something like a given substance exists whenever MB is equivalent to MC. If MC reaches MB everything should still be made available fewer resources. In any other context, the services are more useful.

Answer 2

The information regarding the marginal-benefit and marginal-cost curves is explained  below:

The following information should be considered:

• The marginal profit trajectory has so far been falling down, MB decreases, and because many commodity is collected as much more quantities of something such as sense of achievement.
• This same marginal cost of production is pointing falling upward, that increased as more than just a commodity is produced as extra items required progressively non-appropriate utilization of resources.
• The optimum amount of something such as given substance exists in the case when MB is equivalent to MC.
• If MC reaches MB so it still be made available fewer resources.

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