Laura Is a Manager for HP

question 62

Multiple Choice

Laura is a manager for HP.When Laura must decide whether to produce a few additional printers,she is choosing at the margin when she compares

• A)the total revenue from sales of printers to the total cost of producing all the printers.
• B)the extra revenue from selling a few additional printers to the extra costs of producing the printers.
• C)the extra revenue from selling a few additional printers to the average cost of producing the additional printers.
• D)the revenue from selling HP's printers as compared to printers from competing companies,such as Lexmark.
• E)the cost of producing HP's printers as compared to printers from competing companies,such as Lexmark.

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Definitions:

Variable Resources

denote inputs or factors of production that change in quantity with the level of output, such as labor and raw materials.

Cost Production

Cost production, or production cost, refers to the total expense incurred in manufacturing goods or services, including raw materials, labor, and overheads.

Superstars Market

An economic concept where top performers in a field earn disproportionately high incomes compared to others.

Earnings Reflect

The process by which a company's profits demonstrate its financial health and operational success.