Answer:
Optimal combination of goods can be determined in an economy that produces only two goods, with production of extra units of the two goods at a minimal marginal social cost. The consumption of the additional units of the two goods being produced will be benefitted by the consumers. This is known as marginal social benefit.
Step-by-step explanation:
Marginal social cost is the change in society's total cost brought about by the production of an additional unit of a good or service. It includes both marginal private cost and marginal external cost.
Marginal social benefit is the change in benefits associated with the consumption of an additional unit of a good or service. It is measured by the amount people are willing to pay for the additional unit of a good or service.
Answer:
4 5/8
Step-by-step explanation:
Equation 1 for tickets sold:
$35x + $25y = $10,250
Equation 2 for quantity (number #) of tickets sold:
x + y = 350
Use substitution method:
y = 350 - x
35x + 25 (350 - x) = $10,250
35x + $8750 - 25x = $10,250
10x + $8750 = $10,250
- $8,750 -$8,750
10x = 1,500
x = 150
y = 350 - 150
y = 200
Check the answers:
$35 (150) + $25 (200) =
$5,250 + $5,000 = $10,250
Answer:
40 black bears
Step-by-step explanation:
Hope it helps.
5 per sample
8 samples
5 x 8 = 40 black bears