Answer: Option C
Explanation: The maximum amount of money that a consumer is willing to pay for having an additional unit of a good or service is called the marginal benefit. Whereas, marginal cost refers to the increase in total cost when one more unit of output is produced.
In the given case, we want to use the available resources at their best, therefore, the money on pollution control should be spent only until the benefit of spending one more dollar is greater than the cost of doing so.
Hence, the correct option is C.
Answer:
It will produce 1,500 espresso
and 1,800 food processors
Explanation:
![\left[\begin{array}{ccc}&$processors&$espresso\\$Sales&155&245\\$Variable&90&180\\$CM&65&65\\$Constrain resource usage&0.5&0.333\\$CM per constrain&130&195\ \end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D%26%24processors%26%24espresso%5C%5C%24Sales%26155%26245%5C%5C%24Variable%2690%26180%5C%5C%24CM%2665%2665%5C%5C%24Constrain%20resource%20usage%260.5%260.333%5C%5C%24CM%20per%20constrain%26130%26195%5C%20%5Cend%7Barray%7D%5Cright%5D)
As the espresso provides more contribution per machine hours is better to first fullfil the demand for this product:
1,500 espresso / 3 per hous = 500 hours on espresso
1,400 - 500 = 900 hours to produce food processors
outcome: 900 x 2 = 1,800 units
Answer:
Option A
Explanation:
The correct answer is Option A.
immediate-short-run last as long as both input and output prices are fixed.
In economics, the supply curve is the representation of the relationship between the price of the product and the quantity of the product.
The price of the product is represented on the vertical axis whereas on horizontal axis quantity is represented.
