In the above figure, 300,000 purses per month is
A) the efficient amount to produce because at 300,000 purses marginal social benefit equals marginal social cost.
B) the efficient amount to produce because at 300,000 purses marginal social benefit is greater than marginal social cost.
C) an inefficient amount to produce because at 300,000 purses marginal social benefit equals marginal social cost.
D) an inefficient amount to produce because producing 500,000 purses sets the marginal social benefit equal to zero.
Question 2
In the above table, if the price of labor is 10 per hour and the price of capital is 20 per unit, which method of producing 50 space crafts is economically efficient?
A) Technique W
B) Technique X
C) Technique Y
D) Technique Z
Myopia (nearsightedness). In the uncorrected top figure, the image comes into focus in front of the
(A) The nine regions of the abdominopelvic cavity. (B) The four regions of the abdomen, which are re
Ugonachomma display figure, Igbo, Nigeria.
Efficient Allocation of Labor between Sectors
What is the total resistance of the circuit in Figure 1? 150
Swimming Pool (Figure 3.1)