When Gabriel Made a Rational Choice to Spend His Entire

question 171

Multiple Choice

When Gabriel made a rational choice to spend his entire allowance on candy bars,he did so by comparing the

• A) benefits of the candy bars to the desires he had for the candy bars.
• B) marginal benefits of the candy bars to the marginal costs of the candy bars.
• C) opportunity costs of the candy bars to the scarcity of the candy bars.
• D) benefits of the candy bars to the scarcity candy bars.
• E) self-interest to the social interest.

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Definitions:

Bills Of Material

Detailed lists of raw materials, components, and instructions required to construct, manufacture, or repair a product or service.

MPS

Master Production Schedule, a plan for the production of individual final items that breaks down the aggregate plan.

Aggregate Plan

A planning strategy that outlines the overall production activities of a company over a certain period of time to meet forecasted demand.