A business is considering to purchase a security system. The below table describes the marginalbenefits (MB) and costs (MC) of purchasing additional quantity (Q) of cameras.Q1230545O 16If this business wants to purchase the efficient number of cameras, how many cameras should bepurchased?06020004MB$200$100$30$10$5$0O 3MC$50$50$40$40$30$30

Economic efficiency is the state of having all resources used effectively to maximize benefits for…

A business is considering to purchase a security system. The below table describes the marginal benefits (MB) and costs (MC) of purchasing additional quantity (Q) of cameras. Q 1 2 3 4 5 6 MB $200 $100 $30 $10 $5 $0 MC $50 $50 $40 $40 $30 $30

A business is considering to purchase a security system. The below table describes the marginal benefits (MB) and costs (MC) of purchasing additional quantity (Q) of cameras. Q 1 2 3 4 5 6 MB $200 $100 $30 $10 $5 $0 MC $50 $50 $40 $40 $30 $30

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: The Basic Tools Of Finance

Section: Chapter Questions

Problem 1CQQ

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Question

A business is considering to purchase a security system. The below table describes the marginal
benefits (MB) and costs (MC) of purchasing additional quantity (Q) of cameras.
Q
1
2
3
05
4
5
O 1
6
If this business wants to purchase the efficient number of cameras, how many cameras should be
purchased?
06
02
00
04
MB
$200
$100
$30
$10
$5
$0
O 3
MC
$50
$50
$40
$40
$30
$30

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