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If 3 mangoes are sold for P^(75), how many mangoes can be bought for P^(150)?
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- Show the complete solution.Maria can purchase shirts for $22.00 each. She considers the benefit of one shirt to be $40.00, but with each additional shirt she purchases the benefit decreases by $5. According to the Principle of Optimization at the Margin, Maria will purchase... shirts. (Enter your response as a whole number.)Answer the question as per the options given
- To produce one more yard of X , you need 1/MPLCx hours of labor. true or falseThe opportunity cost of any decision is the forgone value of the next best alternative that is not chosen. True FalseMaria can purchase shirts for $22.00 each. She considers the benefit of one shirt to be $40.00, but with each additional shirt she purchases the benefit decreases by $5. According to the Principle of Optimization at the Margin, Maria will purchase..... shirts
- All the possible answers are is not or is.If the benefits of a given choice option are delayed further into the future(all other relevant factors remaining constant),then the present value of the option will a) increase b) decrease c) remain the same d) ( unknow, not enough information to say).Is this example also an example of economically rational decision making? “In 2019, I started my small business by selling prints of my photographs. Now it’s temporarily closed. During this time I had the option of shipping my prints through USPS or UPS. I decided to ship my prints through USPS instead of UPS since it was a bit expensive at the time. My prints that were shipped out from USPS arrived in time and came in good condition. The opportunity cost is the cost of UPS shipping.”
