In the Chocolate Factory Segment of a Business, 4,000 Pounds

question 105

Multiple Choice

In the chocolate factory segment of a business, 4,000 pounds of candy can be produced from 1,750 pounds of chocolate. What is the chocolate productivity ratio?

• A) 0.4375
• B) 2.29
• C) 2.67
• D) 43.75

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that buyers are willing to purchase.

Marginal Value

Refers to the additional benefit derived from consuming or producing one more unit of a good or service.

Slopes Downward

Describes a line on a graph that represents a decrease in one variable as another variable increases, typically associated with demand curves.

Consumer Surplus

The difference in the total funds consumers are willing and able to disburse for a good or service compared to the actual expenditure.