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Gemiola [76]
2 years ago
15

In order to determine whether to major in economics a rational individual compares the:____.

Business
1 answer:
slavikrds [6]2 years ago
8 0

In order to determine whether to major in economics, a rational individual compares the <u>marginal benefit </u><u>and</u><u> marginal cost.</u>

<u></u>

Marginal benefit is the maximum amount a consumer is willing to pay for additional goods or services. Consumer satisfaction tends to decline as consumption increases. Marginal cost is the change in cost when additional units of a good or service are produced.

Marginal utility and marginal cost are related in many ways in manufacturing and production, investment, and consumption. Marginal cost (MC) is the cost of the last unit produced or consumed, and marginal utility is the utility gained from that last unit.

Marginal benefit is the increase in total utility due to a unit change in the output of a good. Marginal cost is the increase in total cost caused by a one-unit change in the output of a good.

Learn more about the marginal benefit and marginal cost

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A work breakdown structure must be decomposed at least four levels in order to be effective. true false
Eddi Din [679]

A work breakdown structure must be decomposed at least four levels in order to be effective- FALSE

   By adopting task breaking, a popular productivity technique, workload can be made more reasonable and approachable. The instrument used to apply this method to projects is the Work Breakdown Structure (WBS), one of the important project management papers. To ensure that project plans are in sync, it does it on its own by combining size, cost, and schedule baselines.

A  Work Breakdown structure is used to graphically, hierarchically, and deliverable-focused decompose a project (WBS). Project managers can use it to break down the focus of their operations and view all the tasks required to complete them, making it a helpful diagram.

To learn more about Work Breakdown structure click here:

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4 0
2 years ago
Kathleen is the new operations manager of a national stock brokerage firm. She recently attended a conference on the use of expe
balu736 [363]

Answer: determine what rewards are valued by her employees

Explanation:

From the question, we are informed that Kathleen is the new operations manager of a national stock brokerage firm and that she recently attended a conference on the use of expectancy theory to motivate employees.

In order to incorporate what she has learned, the first thing Kathleen must do is to know the kind of rewards that her workers value. This will be vital to achieve organizational goals.

6 0
3 years ago
ABC firm purchased 100 food processors in 2019. By the end of 2019, there are 50 of them not sold yet. The purchased price of th
Mazyrski [523]

Answer:

Debit 1,000 cost of goods sold.

Explanation:

Based on the information given what should the accounts do with the price change will be to DEBIT 1,000 COST OF GOODS SOLD.

Dr Costs of goods sold $1,000

Cr Inventory $1,000

[($50*$120)-($50*$100)]

(To record adjusting entry to reduce Inventory value under lower of cost or market value rule)

3 0
3 years ago
Which of the following statements regarding cash equivalents is​ INCORRECT? A. Most companies include additional information abo
zhannawk [14.2K]

Answer:

B. Because cash equivalents are less liquid than​ cash, they must be reported separately from the Cash account

Explanation:

The <em><u>combined amount of cash and cash equivalents</u></em> will be reported on the balance sheet as the first line item in the section with the heading current assets.

These cash equivalents are short-term, highly liquid investments with a maturity date that was 3 months or less at the time of purchase.

In other words, there is very little risk of collecting the full amount being reported.

8 0
3 years ago
What are forms of phishing?
Afina-wow [57]
Deceptive, malware-based, session hijacking, and data theft are all forms of phishing,
5 0
3 years ago
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