-In the Figure Above, If 4 Million Computers Are Produced

question 349

Multiple Choice

-In the figure above, if 4 million computers are produced per year then the ________ should be produced to achieve the allocatively efficient use of resources.

• A) marginal cost of a computer exceeds the marginal benefit of a computer, so more computers
• B) marginal cost of a computer exceeds the marginal benefit of a computer, so fewer computers
• C) marginal benefit of a computer exceeds the marginal cost of a computer, so more computers
• D) marginal benefit of a computer exceeds the marginal cost of a computer, so fewer computers

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Definitions:

Contractor

An individual or company that undertakes a contract to provide materials or labor to perform a service or do a job.

Canada Revenue Agency

The federal agency responsible for administering tax laws for the Government of Canada and for most provinces and territories.

Contractors

Individuals or companies that provide services or perform tasks on behalf of another entity under the terms of a contract, rather than being employed directly.

Classification

The process of organizing or categorizing items, information, or jobs into specific groups or categories.