Which of the following statements is not true? The slope of the net benefit curve is horizontal when the control variable is at the level where MB = MC. At the optimal level of a control variable, the slope of the total benefit curve equals the slope of the total cost curve. The optimal level of a control variable is the one at which total benefit is maximized. The height of the marginal benefit curve at any given level of the control variable is equal to the slope of the total benefit curve at the same level of the control variable.

Which of the following statements is not true? The slope of the net benefit curve is horizontal when the control variable is at the level where MB = MC. At the optimal level of a control variable, the slope of the total benefit curve equals the slope of the total cost curve. The optimal level of a control variable is the one at which total benefit is maximized. The height of the marginal benefit curve at any given level of the control variable is equal to the slope of the total benefit curve at the same level of the control variable.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter1: What Economics Is About

Section: Chapter Questions

Problem 15QP

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