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Take a Test-Najee Banks-Chromium https://www.mathxl.com/Student/PlayerTest.aspx?testld-176386928¢er; win-yes HTU Macro Spring 2018 Test: Midterm Exam This Question: 1 pt 3 of Economics in the News September 15, 2014 Begin by reading the news article, Boris' the robot can load up dishwasher, and then answer the following questions 1 Professor Jeremy Wyatt, says he's not developing Boris' because he thinks dishwasher-loading robots are not economical right now. Translate what he says into the language of economics. In economic terms, what Professor Jeremy Wy att says means O A. the marginal benefit of using dishwasher-loading robots exceeds their marginal cost O B. using dishwasher-loading robots would make people lazy ° C. the marginal cost of using dishwasher-loading robots exceeds their marginal benefit O D. dishwasher-loading robots would not be used by homemakers 2 How will the development of robots like Boris' that can perform complex tasks change production possibilities? The development of robots that can perform complex tasks willproduction possibilities OA. expand OB, not change O C. contract D, contract and then expand 3 Will robots that can perform tasks that are currently done by people overcome scarcitv and bring Click the graph, choose a tool in the palette and follow the instructions to create your graph Save for Later 0 Type here to search oe@Explanation / Answer
Marginal benefit refers to what people are willing to give up in order to obtain one more unit of a good, while marginal cost refers to the value of what is given up in order to produce that additional unit. Additional units of a good should be produced as long as marginal benefit exceeds marginal cost. It would be inefficient to produce goods when the marginal benefit is less than the marginal cost.
Ques 1:
Therefore, Option c is correct.
Ques 2 :
Option A Expand.
As robots such as boris can work at a much faster rate than humans so it will increase efficieny of the production process.
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