-The Table Above Represents the Marginal Cost and Marginal Benefit

question 398

Multiple Choice

-The table above represents the marginal cost and marginal benefit associated with pizza (in terms of movies) . What quantity of pizza should be produced if resources are to be used efficiently?

• A) 5 pizzas
• B) 6 pizzas
• C) 7 pizzas
• D) 8 pizzas

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Definitions:

Materials

Inputs and supplies used in the production of goods or in the provision of services.

Completed Unit

A term used in manufacturing and production to describe a product that has finished all stages of the production process and is ready for sale.

First-in

A reference to the "First-In, First-Out" (FIFO) inventory method where the oldest inventory items are recorded as sold first.

Processing Department

A division or unit within a company where a particular phase of the manufacturing process is completed.