The Below Figure Shows the Various Combinations of the Goods

question 19

Multiple Choice

The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3

-Suppose that the total fixed cost of producing five sailboats is $4,000, total variable cost is $4,000, and the total cost of producing six sailboats is $10,000. The marginal cost of the sixth sailboat is:

• A)$2,000.
• B)$4,000.
• C)$8,000.
• D)$10,000.
• E)$6,000.

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Definitions:

Actuate

To put into motion or action, typically referring to the operation of a mechanical device or system.

Applied Voltage

The voltage that is applied across a component or circuit, initiating its operation or influencing its performance.

Delay Relays

Delay relays are electromechanical or solid-state devices designed to delay the activation of an electrical circuit for a specified period, used in various timing and control applications.

Operating States

The various conditions or modes in which a device or system can exist, such as on, off, standby, or fault.