Question: You are wasting resources that would be better spent elsewhere: Multiple choice question. if you continue producing when marginal benefit is greater than marginal cost.

You are wasting resources that would be better spent elsewhere: Multiple choice question. if you continue producing when marginal benefit is greater than marginal cost. if you continue producing when marginal benefit is less than marginal cost. if you continue producing when marginal benefit is equal than profit. if you continue producing when total benefit is less than total cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

The board of directors of General Wheels Co. is considering six large capital investments. Each investment can be made only once. These investments differ in the estimated long-run profit ( net...

Discussion Board 4 Production Economics and Decisions...

QUESTION 1 When an economist states that a good is scarce, he/she means that further production of the good cannot expand the availability of the good. the good is rare, like a silver dollar. Would...

13) The cost the Almy type of market 7) The market is an example of A) mattress: a monopoly B) com a perfectly competitive C) car insurance an oligopoly D) cell phone; a perfectly competitive 5)...

Good day, Educators. This is 1 - 5 multiple choice question. Hope you can help me. ? 17.Laura is a manager for HP. * 2 puntos When Laura must decide whether to produce a few additional printers, she...

swot analysis Amgen Inc.: Planning the Unplannable Chance favors only the prepared mind. -Louis Pasteur Plans are nothing. Planning is everything. -Dwight D. Eisenhower Introduction With its...

The optimal allocation of resources occurs when Blank______. Multiple choice question. the production of the two goods is equal the marginal benefit of the good is greater than the marginal cost the...

A vendor is recommending a program to make supervisors better at 'dealing with difficult conversations' at work. How would you apply the concepts of optimisation and the Kirkpa- trick model to set up...

Is it possible to estimate the ROI of training for all training programs? Which are more or less susceptible to this calculation? 6 TRAINING AND DEVELOPMENT CFO asks CEO, 'What happens if we invest...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

1. Through the use of one monetary policy tool describe how it would expand the economy of the United States p. 310. 2. Explain the impact of the asset demand, transaction demand, & total demand for...

Given the circuit in Fig. 2.78, use KVL to find the branch voltages V1 to V4. 5 V

Sato Corporation purchased $480 of merchandise on account. Required Explain the effect of the purchase on Satos current ratio.

Required:Prepare the general journal entries required in the records of Woodworth (Pty) Ltd forthe financial year ended 31 December 2025 to account for the debentures issued.? *Journal dates and...

What changes should be done to improve HPLC resolution? (more than one answer is correct) a) In column dimension; b) in the column particle (sorbent) size; c) in the polarity of the mobile phase; d)...

7.17 There are four classes of insureds, each of whom may have zero or one claim, with the following probabilities: Number of claims Class 1 A 0.9 0.1 0.2 B 0.8 0.5 0.5 0.1 0.9 A class is selected...

An insecticide decomposes in water with first order kinetics and a rate constant of 6.8 x 10 -3 day-1 at 10C. i. Calculate the half-life of the reaction. ii. If the initial concentration of...

Question 4: Point charge of Q= 8uC located at a point (d=20cm) along the long axis of a rod of length 20 cm, if the rod has a uniform linear charge density 2= 36 C/m as shown below. What is the...

Define apparent volume of distribution and/or clearance?

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

4. As your starting point, take two everyday decisions you have made during the past year. Discuss these decisions based on the following question: Why do you think your decisions may have been wrong?

1. To provide an understanding that social facts are mentally constructed and do not exist as an objective reality.

7. Give examples of the following when you formulate a social problem or phenomenon: a) When you generalize from reality. b) When you choose something from social reality and do not choose some-thing...