At the 30th unit of action, the marginal benefit is equal to $50 and the marginal cost is equal to $40. Which of the following is true?
A) The 30th unit of action should not be undertaken.
B) The 30th unit of action minimizes total costs.
C) The 30th unit of action should be undertaken.
D) The 30th unit of action maximizes total gains (total profits).
C) The 30th unit of action should be undertaken.
You might also like to view...
Most living creatures become fossils
a. True b. False
Pre-colonial American societies had examples of both chiefdoms and states. Explain how you would distinguish between the levels of political organization, and give an example of each from the Americas
What will be an ideal response?
In the field, ethnographers strive to establish rapport: a good, friendly working relationship, based on personal contact,
A. that is necessary in conducting any valuable research in the social sciences, not just anthropology. B. that if done properly ensures the ethnographer's ability to conduct detached, unbiased research. C. achieved in large part by engaging in participant observation. D. and if that fails, the next option is to pay people so they will talk about their culture. E. as well as on payment, based on local standards, for people's time spent with the researcher.
Resistance to Islam in the United States has taken all of the following forms EXCEPT:
A) sanctioned profiling of Muslims in airports and train stations. B) proposals to limit or eliminate the resettlement of Syrian refugees. C) amendments to state constitutions banning Islamic law. D) proposed bans on Muslim immigration. E) recommendations for special policing of Muslim neighborhoods.