Asked by
Queiona Hubbard
on Dec 05, 2024
Verified
(Figure: The Optimal Quantity) Use Figure: The Optimal Quantity.If the cost of lawn mowing decreased for all quantities of lawns mowed,the marginal _____ curve in the figure would shift to the _____ and the total profit would _____.
A) benefit;right;increase
B) cost;right;increase
C) benefit;left;decrease
D) cost;left;decrease
Marginal Cost Curve
A graphical representation showing how the cost to produce one additional unit of a good changes as the production level increases.
Total Profit
The difference between a firm's total revenues and its total costs, representing the overall financial gain from its operations.
Lawn Mowing
The action of cutting the grass in an area or lawn to maintain its appearance and health, often performed as a domestic chore or commercial service.
- Evaluate the impact of external alterations, like fluctuations in price or external expenses, on the perceived advantages and expenses linked to a specific activity.
Verified Answer
SR
Learning Objectives
- Evaluate the impact of external alterations, like fluctuations in price or external expenses, on the perceived advantages and expenses linked to a specific activity.