In the attached figure, if 2 million computers are produced per year, then: a. The marginal cost of one computer exceeds the marginal benefit of one computer, so more computers must be produced. b. The marginal cost of a computer exceeds the marginal benefit of a computer, so fewer computers must be produced. c. The marginal benefit of a computer exceeds the marginal cost of a computer, so more computers must be produced. d. The marginal benefit of a computer exceeds the marginal benefit of a computer, so fewer computers must be produced. FOR EACH ALTERNATIVE, PLEASE EXPLAIN WHY IS TRUE, FALSE OR UNCERTAIN.

Q: CPU Total Marginal Total Marginal GHz Benefit Benefit Cost Costs 2.0 $1,000 $900 2.5 $1,400 $100 3.0…

A: A cost-benefit analysis is the process of comparing the estimated costs and benefits associated…

Q: Within the framework of economics, optimization means providing a good or service until: a. marginal…

A: In the realm of economics, optimization is a pivotal concept that underlines the process of making…

Q: a.  Using one of the graphing tools described in the directions, plot the Production Possibilities…

A: An array of combinations of two theoretically producible things are shown on a graph known as a…

Q: Question 1 Suppose a British Columbia has a total of 12 units of labour, which can be used to…

A: Shortage in financial matters alludes to when the interest for an asset is more prominent than the…

Q: Good U Good Z (unit) (unit) 1750 100 1700 200 1650 300 1580 400 1480 500 1300 600 1090 700 850 800…

A: Plot the given data on a graph.  First, plot the points on the XY plane and then joined them with a…

Q: (Figure: Recliners and Couches) American Signature is a furniture company based in Columbus, Ohio.…

A: American Signature manufactures 100,000 couches and 400,000 recliners

Q: DRYERS 6 8 8 8 8 8 8 8 8 8 90 80 70 40 30 20 10 B a. C, D, and A b. B O C. C, D d. C, D, and B D 10…

A: PPF is the production possibility frontier. PPF shows the production possibility of two goods in an…

Q: Samantha and Jim run a business that sets up and tests computers. Assume that Samantha and Jim can…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: How many plates of claims will Bob consume in total?

A: The consumption done by the individual provides the marginal benefit to the consumer and the…

Q: What is production efficiency and product mix efficiency? What is the main condition for each type…

A: Production efficiency is a financial/economic term portraying a level in which an economy or element…

Q: DRYERS 88 2288 22 22 B 100 80 C, D, and B C.D B C, D, and A O D Refer to Figure 2-3. Efficient…

A: Production possibility frontier shows different combination of two good or services that can be…

Q: When a firm's average total cost is at its minimum, what type of efficiency is achieved? A.…

A: In economics, efficiency is a key idea that helps in understanding how well resources are being used…

Q: thank you

A: Answer 1:Here, it given that, Y1 = $40 K, Y2 = $60 K, Q1 = 24 boxes, and Q2 = 6 boxeswhere Y1, Y2…

Q: It is common for people trying to lose weight to notice that the first 10 pounds are much easier to…

A: Marginal cost is the change in total cost, per unit change in output.

Q: 20. Assume that to produce 5 cars, a firm can use one of the production methods below. If the cost…

A: When it comes to economic efficiency, it is a state of things in which every resource is distributed…

Q: Question 1 What does the Production Possibilities Frontier of a firm show and how does it relate to…

A: Scarcity is a basic economic concept which states that the goods and services that are used to…

Q: Based on the graph provided  i. What is Freda’s marginal cost for each cookie? ii. What is Freda’s…

A: Marginal Opportunity Cost :  Marginal Opportunity Cost may be defined as that amount of a good…

Q: The optimal level of the activity is __________units. At the optimal level of the activity, marginal…

A: The equilibrium is reached where the marginal benefit (MB) is equal to the Marginal cost (MC). It is…

Q: The total benefit and total cost of a one- week vacation in a year for Fatima is given by the…

A: As per the details mentioned in the above table the missing boxes has been filed with the applicable…

Q: Graphically illustrate the difference between economic efficiency and technical efficiency.

A: Efficiency is defined as an economic allocation point where there is no wastage of resources. An…

Q: 42. The shaded area in the graph shown above represents The total cost of producing cucumbers. b.)…

A:

Q: Suppose a firm operating in a competitive market has the following cost curves: PRICE MC ATC AVC Q…

A: Industrial economics is the study and analysis of commercial financial difficulties utilizing…

Q: 5. Efficiency in the production possibilities model Suppose France produces only two goods: wheat…

A: The maximum pair of items that may be produced with a particular mix of resources and technology is…

Q: If 10 million toy cars are sold. which means that: The production of toy cars is currently at an…

A: The social optimum is obtained at the point where the marginal benefits are equal to the marginal…

Q: The following graph is the production possibilities curve of a nation. 10 B 9. 8 7 6 5 D 4 2 %3D %3D…

A: The economics as a study is based upon the idea that the economies around the world have a limited…

Q: Eleanor and her little brother Josh are responsible for two chores on their family's farm, gathering…

A: Egg (in dozens) Milk (in gallons) Eleanor 10 5 Josh 2 2

Q: Utopia produces only two products: cheese and wine. The production levels are shown in the table…

A: A production possibility table depicts the combination of two goods that can be produced by using a…

Q: Lorenzo and Neha are farmers. Each one owns a 12-acre plot of land. The following table shows the…

A: Production possibility frontier shows various combinations of two commodities produced from a given…

Q: A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu…

A: The sunk costs are the expenditure incurred by a firm or business that is non-recoverable or on…

Q: Stella and Milo run an organic farm. The table below provides some information regarding how much…

A: Opportunity cost refers to the value of the next best alternative forgone when a decision is made to…

Q: Please give detailed instructions on how to graph electronically using MS ppt, excel, google slides,…

A: Production possibility frontier shows different bundles of the two goods that can be produced using…

Q: Which expression is another way of saying "marginal benefit"? Total benefit Profit Extra benefit…

A: Marginal Benefit is the additional benefit received when an extra unit of output is sold. For…

Q: 80 PPF 60 70, 41 A + 20 40 60 80 100 ALFALFA (Millions of bushels) Complete the following table by…

A: Production possibility curve (PPC) shows the combination of the two goods that the economy can…

Q: None

A: Step 1:The entire benefit for one car is $20 here. The overall benefit for two cars is $36.Benefit…

Q: Explain the relationship between the determinant (the cost of factors of production and the state of…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to purchase…

Q: you can sell 10 computers for $1400 each or 11 computers for $1300 each, and the marginal cost is…

A: Marginal/Minimal benefit  The minimal/marginal benefit is the benefit procured by a firm or person…

Q: Farmer Jones and Farmer Smith graze their cattle on the same field. If there are 20 cows grazing in…

A: Nash equilibrium is a concept in game theory when the player maintains their original idea despite…

Q: Chip and Joanna are building a new home. Chip can cut 24 pieces of lumber or paint 4 rooms in a day.…

A: Comparative advantage refers to the ability to produce a specific good for a lower opportunity cost…

Q: 4. Distinguish between economies of scale and diseconomies of scale. Give examples of why a firm may…

A: The average fixed cost (AFC) is the fixed cost that doesn't change with the adjustment of the…

Q: d. Who has the comparative advantage in carving fishing lures? in carving duck decoys? Fishing…

A: Comparative advantage is referred to as the benefit recorded by a country or individual from trade.…

Q: 19. Which of the following statements is truc? a Point A is inefficient. b. Point B is inefficient.…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Which of the following questions is NOT a microeconomic question? OA. Why is the unemployment rate…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Remaining "How Did I Do?" Uses: 2/5 Two groups of.students decide to start their own tutoring…

A: Total cost is the sum of fixed and variable costs.

Q: Television Laptop Red Inc. 18 hours 6 hours Blue Inc. 16 hours 4 hours

A: a) Number of hours Red Inc takes to produce 1 Television unit = 18 hours For Red Inc opportunity…