Table M7-1 -According to Table M7-1,all of the Resources Are Being Used.If

question 93

Multiple Choice

Table M7-1
-According to Table M7-1,all of the resources are being used.If the amount of resource B were changed from 96 to 97,then the maximum possible total profit would be

• A)416.
• B)417.
• C)419.
• D)420.
• E)None of the above

---

Definitions:

Private Cost

The direct cost that producers or consumers incur through their actions, not including externalities.

Private Value

Refers to the value that an individual or a private entity assigns to a good or service, based on personal assessment rather than market perception.

Economists

Experts in economics who study, develop, and apply theories and concepts about how economies work and distribute resources.

Polluting

The act of discharging harmful substances into the environment, negatively affecting air, water, and soil quality.