-In the Above Figure, If 2 Million Computers Are Produced

question 45

Multiple Choice

-In the above figure, if 2 million computers are produced per year then the should be produced to achieve the allocatively efficient use of resources

• A) marginal benefit of a computer exceeds the marginal cost of a computer, so fewer computers
• B) marginal benefit of a computer exceeds the marginal cost of a computer, so more computers
• C) marginal cost of a computer exceeds the marginal benefit of a computer, so fewer computers
• D) marginal cost of a computer exceeds the marginal benefit of a computer, so more computers

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Definitions:

Macro Variables

Broad variables that describe the overall context of an economy, such as GDP, unemployment rates, inflation, and interest rates.

Micro Variables

Small-scale factors that can affect a business or research outcome; often specific to a particular area or sector.

Demographic Variables

Characteristics of populations used in market research, such as age, gender, income, and education, to segment markets.

Global

Pertaining to or involving the entire world; often used in the context of businesses that operate internationally.