Ask Question
BusinessBusiness
5 April, 04:16

Marginal costs exist because: A. the decision to engage in one activity means forgoing some other activity. B. wants are scarce relative to resources. C. households and businesses make rational decisions. D. most decisions do not involve sacrifices or tradeoffs. Review

+1
Answers (1)
  1. 5 April, 05:07
    0
    A. the decision to engage in one activity means forgoing some other activity

    Explanation:

    The marginal cost is the cost associated with producing an extra unit of output. It is the differnece in total cost at output k and output k+1

    The reason behind cost are that using the input (labor, capital and material) to produce a certain good made them unable to use in other activities.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Marginal costs exist because: A. the decision to engage in one activity means forgoing some other activity. B. wants are scarce relative to ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Your company is interested in purchasing a new mini 3D printer to use for product demonstrations. You've identified three suitable alternatives, each with different maintenance and periodic upgrade costs.
Answers (1)
Henry decides to sell fur coats just before winter. Which marketing utility is he satisfying toward gaining a competitive advantage? A. possession B. place c. form D. time
Answers (1)
If a company's after-tax borrowing rate is greater than the company's earning yield when the company repurchases stock with borrowed money, going forward, the earnings per share is most likely to: A. increase. B. decrease. C. remain unchanged.
Answers (1)
Assume that an adjusting entry was made on November 30, 2018 for earned, but unpaid employee salaries of $260 which represented 2 days of salaries earned for November 29-30. On December 5, the employees are paid for five days.
Answers (1)
How is information management different from data processing?
Answers (1)
New Questions in Business
A currency trader observes the following quotes in the spot market: 1 U. S. dollar = 122 Japanese yen 1 British pound = 2.25 Swiss francs 1 British pound = 1.63 U. S.
Answers (1)
Mary, Susan, and Sarah are running a beach boutique on the board walk of Ocean City. Their favorite product is a red lifeguard hoody. Mary believes it will sell 341 times next season.
Answers (1)
Stone Foods produces the majority of its cheese products in its U. S. based dairy division at a total outlay cost of $6.00 per unit.
Answers (1)
The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever.
Answers (1)
ABC Company issued a bond with face value for $1000, paid annual 10% coupon and 3 years to maturity, what is the value of ABC bonds today if the required rate of return is 12%.
Answers (1)
Home » Business » Marginal costs exist because: A. the decision to engage in one activity means forgoing some other activity. B. wants are scarce relative to resources. C. households and businesses make rational decisions. D.
Sign Up Forgot Password?