Two Student Groups at Enormous State University, the Choral Society

question 2

Multiple Choice

Two student groups at Enormous State University, the Choral Society and the Football Club, maintain files of term papers that they write and offer to students for research purposes. Some of these papers they use themselves in generating more papers. To avoid suspicion of plagiarism by faculty members (who seem to have astute memories) , each paper is given to students or used by the clubs only once (no copies are kept) . The number of papers that were used in the production of new papers last year is shown in the input-output table below. $$\begin{array} { | r | c | c | } \hline \text { To } & \text { Choral Society } & \text { Football Club } \\\hline \text { From } \text { Choral Society } & 20 & 35 \\\hline \text { Football Club } & 35 & 30 \\\hline \text { Total Output } & 100 & 200 \\\hline\end{array}$$ Given that 990 Choral Society papers and 1,485 Football Club papers will be used by students outside of these two clubs next year, how many new papers do the two clubs need to write

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Definitions:

Marginal Cost (MC)

The expense associated with the production of an extra unit of a product or service.

Total Production

The aggregate amount of goods or services produced by an entity during a specific period.

Marginal Revenue (MR)

The increase in income resulting from the sale of one extra unit of a good or service.

Marginal Cost (MC)

The growth in overall expenses incurred from the manufacture of an extra unit of a product or service.