Economists use the word marginal to mean an extra or additional benefit or cost of a decision. an optimal decision occurs when
a. marginal benefit equals marginal cost.
b. marginal cost is zero.
c. marginal benefit is maximized.
d. marginal benefit is greater than marginal cost.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Economists use the word marginal to mean an extra or additional benefit or cost of a decision. an optimal decision occurs when a. marginal ...” 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
The Outpost currently sells short leather jackets for $369 each. The firm is considering selling long coats also. The long coats would sell for $719 each and the company expects to sell 820 a year.
Answers (1)
On December 1, Novak Corp. has three DVD players left in stock. All are identical, all are priced to sell at $181. One of the three DVD players left in stock, with serial#1012, was purchased on June 1 at a cost of $40.
Answers (1)
What is a highly unreasonable omission or misrepresentation involving an extreme departure from the standards of care that a problem observe under the circumstances.
Answers (1)
Spencer's Autotech Inc. is a car repair company. It maintains an employee involvement group to track the company's goals and performance metrics. This team would most likely: a. control and change the design of the teams themselves. b.
Answers (1)
Kim, the sales manager at a retail store, is a supporter of micro-management tactics. She keeps a close watch on the members of her team to ensure that they do not slack work. Kim is most likely a manager who:
Answers (1)
New Questions in Business
Corporations have more ways to raise to pay for productive resources than small firms or not-for-profit organizations.
Answers (1)
Thom owes $8,600 on his credit card. The credit card carries an APR of 19.1 percent compounded monthly.
Answers (1)
Dana was a stay-at-home mother until her recent divorce. she went back into the paid workforce to provide for her child. she loves her job but is concerned that she is not at home to spend more time with her child. should dana be worried about this?
Answers (1)
Explain how each of the following relates to the financial crisis of 2007-2008: Declines in real-estate values. Subprime mortgage loans. Mortgage-backed securities.
Answers (1)
Which assumption or principle requires that all information significant enough to affect decisions of reasonably informed users should be reported in the financial statements? Going concern. Historical cost. Full disclosure. Matching.
Answers (1)