A Garden Plot Is 60 M Long by 30 M $$\mathrm { m } ^ { 2 }$$

question 20

Essay

A garden plot is 60 m long by 30 m wide.Express the area of the garden in $$\mathrm { m } ^ { 2 }$$ and hectares.

---

Definitions:

MR = MC Output

The optimal production level for a firm where marginal revenue (MR) equals marginal cost (MC), used to maximize profit.

Profit Maximizing

The strategy or method of adapting manufacturing and sales processes to secure the maximum achievable profit.

Firm Interest

The commercial or financial concerns and objectives of a business organization.

Socially Optimal

A condition or level of operation where social welfare is maximized, considering all costs and benefits to society.