Suppose the Economy Is Producing at a Point on Its

question 79

Multiple Choice

Suppose the economy is producing at a point on its production possibilities curve where the marginal benefit of an additional unit of capital is $45. The marginal cost of an additional unit of capital is $30. In this instance:

• A) the production of capital should decrease.
• B) the production of capital should increase.
• C) the production of capital should not be changed.
• D) the production of capital should be decreased if many people in society are unemployed.

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Definitions:

Employee Turnover

The rate at which employees leave a company and are replaced by new employees over a certain period, indicating stability or volatility of the workforce.

Embarrassing Topics

Subjects that may cause discomfort, shame, or awkwardness when discussed, often due to personal or societal sensitivities.

Age

A measure of the length of time that a person or object has existed.

Level Of Education

A measure of the highest degree of formal schooling completed or the extent of academic achievement.