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Question 2a (0) A snowboard company currently hires 10 skilled employees who are paid a weekly wage of $1,000. The cost of caQuestion 2a (ii) What core principles should be considered in the snowboard companys decision making? O Scarcity, Choice andQuestion 2b0). Timothy quits his job, which pays $84000 a year, to enrol in a 2-year graduate program. His annual school expeQuestion 2b (ii) What core principles are considered in Timothys decision making? O Scarcity, Choice and Opportunity Cost (iQuestion 2c (0) A motor vehicle assembly plant requires the use of both capital and labour. The Tesla manufacturing plant is

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Answer #1

2a i) No, the company should not produce that additional unit of snowboard as the cost of producing it would be higher than the cost that it would be sold for.

ii) (ii) and (iii) only

only the second and third principles that is cost benefit analysis and incentive principle would be considered by the snowboard company.

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