Fill in the blanks in the following table to answer the questions below.
A TB TC NB MB MC
0 $0 $__ $0
1 ___ ___ 27 35 $____
2 65 ____ ___ ___ $_____
3 85 30 ___ ____ ______
4 ____ ____ 51 ____ 14
5 ____ 60 ____ 8 ____
6 ____ ____ ____ 5 20
a. What is the optimal level of activity in the table above?
b. What is the value of net benefit at the optimal level of activity? Can net benefit be increased by moving to any other level of A? Explain
c. Using the numerical values in the table, comment on the statement, "The optimal level of activity occurs where marginal benefit is closet to marginal cost."