Robotics Inc., a company that sells robotics, wants to economize. Which of the following strategies illustrates how Robotics Inc. could successfully economize?

A.

reducing the cost of producing robots and increasing the price

B.

reducing the price of the robots while increasing costs to produce them

C.

reducing the opportunity cost of building robots while increasing the monetary cost

D.

increasing the marginal benefits while reducing the number of low cost decisions

Question

Bryan Hunt

History

15 January, 14:39

Robotics Inc., a company that sells robotics, wants to economize. Which of the following strategies illustrates how Robotics Inc. could successfully economize?

A.

reducing the cost of producing robots and increasing the price

B.

reducing the price of the robots while increasing costs to produce them

C.

reducing the opportunity cost of building robots while increasing the monetary cost

D.

increasing the marginal benefits while reducing the number of low cost decisions

+4

Answers (1)

Know the Answer?

Troy Benjamin · Answer 1

When we say economize, the purpose of this is to lower the cost or expenses. Therefore, what Robot Inc. can do if they want to successfully economize is to increase the marginal benefits while reducing the number of low-cost decisions. The answer for this would be option D.