4 A washing machine manufacturer is considering whether to produce an extra batch of 1000 washing machines. How would it

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4 A Washing Machine Manufacturer Is Considering Whether To Produce An Extra Batch Of 1000 Washing Machines How Would It 1 (54.36 KiB) Viewed 22 times

4 A washing machine manufacturer is considering whether to produce an extra batch of 1000 washing machines. How would it set about working out the marginal oppor- tunity cost of so doing? 5 How would a firm use the principle of weighing up mar- ginal costs and marginal benefits when deciding whether (a) to take on an additional worker; (b) to offer overtime to existing workers? 6 We identified three categories of withdrawal from the cir- cular flow of income. What were they? There are also. three categories of 'injection' of expenditure into the cir- cular flow of income. What do you think they are?