There are 20 residents in the village of Towneburg. The size of the village's annual fireworks display depends upon the number of shells that are fired off. Each resident's demand for fireworks is shown below. The total cost of the fireworks display is $1,000 plus $10 per shell.If Towneburg's fireworks display has 20 shells, then the size of the display is:
A. optimal.
B. smaller than optimal.
C. larger than optimal.
D. unaffordable.
Answer: B
Economics
You might also like to view...
Barter occurs when you exchange
A) money for goods. B) goods for money. C) goods for other goods. D) one type of money, such as U.S. dollars, for a different type of money, such as Japanese yen.
Economics
Economists use the term capital to describe that factor of production that includes human-made resources such as factories, buildings, machinery and tools
a. True b. False Indicate whether the statement is true or false
Economics