<span> The term budget constraint denotes the consumption limitation because of a certain income.</span><span>
The slope of the budget constraint is determined by the relative price of the two goods, which is calculated by taking the price of one good and dividing it by the price of the other good.
</span><span>The concept of budget constraint is used to analyze consumer choices. </span>
The answer is the letter "B" Competitive Advantage.
Answer:
Profit maximising price = 48
Explanation:
Total Cost : C (x) = 8x + 3
Demand Curve : p (x) = 88 − 2x
Total Revenue = p (x). x = x (88 - 2x) = 88x - 2x^2
Profit maximisation is where Marginal Cost (MC) = Marginal Revenue (MR)
MC = d TC / d Q = d (8x + 3) / d x = 8
MR = d TR / d Q = d (88x - 2x^2) / d x = 88 - 4x
Equating MR & MC ,
88 - 4x = 8 , 88 - 8 = 4x
x = 80 / 4 , x = 20
Putting value in demand curve,
p = 88 - 2x = 88 - 2 (20) = 88 - 40
p = 48
While making financial decision one should keep in mind the Cost-benefit analysis, marginal analysis, trade-offs, and opportunity costs.
<h3>What are the strategies for making better fianancial decision?</h3>
The success of your firm will depend on the wiser financial decisions you make, among other things. Financial errors can have devastating repercussions and seriously ruin your business venture. You must be familiar with your company's financial data in order to develop stronger financial decision-making techniques.
1. Consistently Use Reliable Accounts
2. Invest in financial education
3. Regularly compare cash flow forecasts to actuals
4. Ensure That Major Initiatives' Financial Impact Is Always Calculated
5. Have Your Team Participate In Decision-Making
6. Consistently monitor financial performance
Learn more about the Business finance with the help of the given link:
brainly.com/question/10024737
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Answer:
b
Explanation:
because you want the employer to know that you learned from your last job
