What's the firm's contribution margin?

A combination of two goods which lies beyond the production possibilities curve indicates: a. underutilization of resources

b. overutilization of resources. c. constant opportunity costs. d. a combination that cannot be produced with existing resources. e. society's most preferred combination of two goods.

After a recent spike in violent crime, the local police department wants to spend $550,000 on a new crime fighting initiative. If a human life is worth $9 million, the crime fighting initiative is worth the cost if it reduces the risk of someone dying from crime by at least

a. 3.5 percentage points. b. 5.5 percentage points. c. 6.1 percentage points. d. 9.0 percentage points.