Using the diagram you drew in question 14, lower the marginal costs of reading and identify the new efficient amount of reading. Also, identify the additional net benefits derived as a result of the...

Using the diagram you drew in question 14, lower the marginal costs of reading and identify the new efficient amount of reading. Also, identify the additional net benefits derived as a result of the lower marginal cost of reading. Jim could undertake activity X, but chooses not to. Draw how the marginal-benefit (MB) and marginal-cost (MC) curves look for activity X from Jim’s perspective.