Economists and policy makers often deal with the tradeoff between efficiency and:

A) revenue.
B) profit.
C) equity.
D) cost.

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

Costs of production that do not change when output changes. question 17 options: total revenuefixed incometotal costfixed cost

The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?