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8 August, 18:56

what marginal costs and benefits might a tour boat operator consider when deciding whether to purchase a new boat?

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  1. 8 August, 20:53
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    The tour boat operator needs to decide whether to buy a new boat to increase the income obtained per day or increase the number of trips made per day and avoid buying a new boat.

    Explanation

    Marginal cost measures the change in cost over the change in quantity. Marginal benefit is a measurement of change in benefits over change in quantity. The boat operator is going to buy a new boat. Will the marginal cost (how the boat cost) be greater than the marginal benefit (income from increased number of boats).
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