Asked by Hailey Cranor on Jul 22, 2024
Verified
Refer to Scenario 1-3. A customer is willing to pay $60 for the 701th calculator. Should the company produce and sell it? Explain.
Graphing Calculators
Hand-held calculators capable of plotting graphs, solving simultaneous equations, and performing other tasks beyond basic arithmetic.
Produce and Sell
Refers to the process of manufacturing or creating goods and services and then offering them to buyers in a market.
- Elucidate the principles of average and marginal expenses in manufacturing.
- Elucidate the balancing acts individuals and societies must navigate.
Verified Answer
BP
Bianca PalmariniJul 23, 2024
Final Answer :
No, because the marginal cost ($70) is less than the marginal benefit ($60).
Learning Objectives
- Elucidate the principles of average and marginal expenses in manufacturing.
- Elucidate the balancing acts individuals and societies must navigate.