Which statement below best answers the economic question how to produce? marco's products sell at prices ranging between $2 and $125. marco sells his products at art shows, online, and by word of mouth. marco uses locally harvested wood from a sustainable tree farm to make his products. marco works as an independent artisan, crafting wooden figurines, toys, and games.

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase