<h2>
10 workers would cause the marginal to exceed the marginal benefits.</h2>
Explanation:
- Let us understand the term "Marginal benefits".
- It is the additional amount that the consumer "willing to pay" for an additional goods or a service.
- In terms of producers, the marginal benefit is termed as marginal revenue.
- Here according to the situation given in the question as to how many workers to hire could be answered by the number 10.
- Marginal revenue always falls below marginal cost.
- It is the revenue that the organization receives for selling one additional unit.
Answer:
The answer is A.
Explanation:
If a person's wealth is in cash, price level changes in the economy will definitely affect the his monetary wealth.
Price level changes arise as a result of inflation. Increase in general price level in the economy will reduce the purchasing power of the cash. For example, a good that used to sell for $2, it now goes for $5.
And if there is decrease in general price level, the purchasing power of the cash will increase.
Answer:
A)
Goods A B C D E F
Candy Bars 0 4 8 12 16 20
Bags of Peanuts 10 8 6 4 2 0
B) graph
the slope of the line = 1.5 / -0.75 = -2
the opportunity cost of one more candy bar is 1 bag of peanuts (actually half a bag of peanuts, but you cannot purchase half of something).
the opportunity cost of one more bag of peanuts s 2 candy bars.
C) it doesn't tell me which combination to buy, it only tells me the possible combinations.
D) if I had won $30, the slope would have been the same, the total number of items purchased would have changed, increasing the available combinations.
C is the answer becaause if you do that then you get it
