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Homework Help: Marginal Benefit

  1. Sep 11, 2006 #1

    F.B

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    I just started learning microeconomics and i am already confused. I was reading production possibility frontiers and how marginal cost and marginal benefit are related. I know that marginal cost is the slope of the PPF, and by doing this i get graph a marginal cost curve, but how do i calculate marginal benefits. I'll put some numbers.

    Point A is (0, 15) and Point B is (1,14)
    Marginal cost= 14-15/1-0 = -1

    Now how do i find marginal benefit at these two points.
    If you need more points tell me and i will post them
     
  2. jcsd
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