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A consulting rm gives the managing director the following options to improve his company. Cost (thousands of dollars) Benet (thousands of dollars} _ 50 100

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A consulting rm gives the managing director the following options to improve his company. Cost (thousands of dollars) Benet (thousands of dollars} _ 50 100 Op'lion C 120 150 Opon D 200 210 option a Based on the data provided, which option retums the lowest net benet? ' 0 Option A ' 0 Option B ' 0 Option C ' 0 Option D ' 0 Option E Use the table to answer the question that follows. Quantity of Labor MP of Labor Quantity of Capital MP of Capital 1 40 1 50 2 45 2 40 3 35 3 35 4 20 4 15 5 5 5 5 What combination of labor and capital would satisfy the input hiring rule that minimizes the cost of production, if the price of labor is $10 and the price of capital is $20? | 0 1 unit of labor; 3 units of capital l O 2 units of labor; 1 unit of capital l O 3 units oflabor; 2 units of capital l 0 3 units of labor; 3 units of capital l O 4 units of labor; 2 units of capital The table below shows the marginal utility that David enjoys based on the number of t-shirts he purchases. T-shirts Purchased | Marginal Utility 1 8 2 7 3 6 4 5 5 4 6 2 Based on the table above, what is the total utility that David enjoys from purchasing three t-shirts? O 6 utils O 12 utils O 15 utils O 18 utils O 21 utils

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