Which of the Following Situations Describing a Resource Allocation Method

question 209

Multiple Choice

Which of the following situations describing a resource allocation method most resembles the force method?

• A) Seventy percent of Austin's chess club wanted to purchase new chess sets and thirty percent did not. The club purchased the sets.
• B) Lattes are sold at Starbucks.
• C) Food from the Weld County Food Bank is distributed to families in need.
• D) Mandy saved her allowance to buy a 12 pack of cream soda. When Mandy's brother saw the soda, he took four.
• E) Jose works at Intel. His manager tells him what work needs to be completed each month.

Understand the application of marginal analysis in "either-or" decisions.

Understand the relationship between marginal costs and production levels.

Identify when a production level is optimal based on marginal costs and benefits.

Analyze how marginal benefits change with consumption.

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Definitions:

Personal Loan

An unsecured loan provided by a financial institution based on the borrower's creditworthiness, typically used for personal expenses or consolidating debt.

Personal Income Tax

A tax levied on individuals or households based on the income they receive from work, investments, or other sources.