If Project X has a cost of 6 and provides a benefit of 10, and Project Y has a cost of 25 and provides a benefit of 27, which of the following statements is true?
A) An individual can optimize by choosing Project X.
B) An individual can optimize by choosing Project Y.
C) Switching from Project X to Project Y increases net benefit by 2.
D) Switching from Project Y to Project X decreases net benefit by 2.
Question 2
When your textbook authors say competition can be recognized only in motion pictures, not in still photographs, they mean
A) Hollywood is a competitive industry; portrait photography is non-competitive.
B) competition is better described as a process, rather than a fixed state of affairs.
C) competitors don't sit still.
D) competition didn't exist before the advent of motion picture technology.
The Increasing Cost of Health Care, 1960–2010
Olafur Eliasson, The Weather Project.
Infant formula is available in several forms and varies in cost and ingredients
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A company that makes cell phones has the following cost structure. They have fixed costs of ...