Answer: d. sell the ticket because the marginal benefit exceeds the marginal cost.
Explanation:
The marginal benefits exceed the marginal costs in this scenario as the marginal benefit if $300 and the marginal cost is $200.
The company should therefore sell the ticket as they would be making a net marginal benefit of $100. Were it the other way around and the marginal cost was larger, the company should not sell because they would be making a marginal loss.
Explanation:
given data:
lemonade to be sold = 20cups at $20.
cost of sign post = $10.
cost of cup and lemonade mix = $15.
A. Marah profit from the venture would be
= Sales made – Total cost
= $20 – $25
= –$5.
B. Based on the information above Marah should forget about Opening the lemonade stand as she would be running at a loss of $5.
C. The $10 spent on the sign is a sunk cost because it cannot he recovered after it has been spent.
<span>Institutions that support economic growth are the ones that provide incentives for entrepreneurs to take risks and innovate. Innovation is the key factor for the economic growth. in keeping the market demand and economic growth innovation plays a major role. innovation can be done by introducing new ideas and new working methods.</span>