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Anastasy [175]
1 year ago
5

A rational choice is ______. a. made by comparing marginal benefit and marginal cost

Business
1 answer:
mr Goodwill [35]1 year ago
5 0

A rational choice is made by comparing marginal benefit and marginal cost

<h3>What is marginal cost?</h3>

The marginal cost in economics is the change in total cost that occurs when the amount produced is increased, or the cost of producing more quantity.

The law of declining marginal utility asserts in economics that the marginal usefulness of a good or service decreases as an individual consumes more of it. Consuming incremental amounts of a good provides less and less satisfaction to economic agents.

Marginal cost is an important concept in economic theory because a corporation seeking to maximize profits will produce until marginal cost (MC) equals marginal revenue (MR) (MR). After then, the cost of creating an additional item will outweigh the money generated.

To know more about marginal cost follow the link:

brainly.com/question/11689872

#SPJ4

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Tại sao sản lượng bằng thu nhập
Artist 52 [7]

Answer:

Khi một lượng sản lượng cụ thể được sản xuất, một lượng thu nhập giống hệt nhau được tạo ra bởi vì sản lượng đó thuộc về một người nào đó. Do đó, chúng ta có nhận dạng rằng đầu ra bằng thu nhập (trong đó danh tính là một phương trình luôn đúng bất kể giá trị của bất kỳ biến nào).

Explanation:

When a particular quantity of output is produced, an identical quantity of income is generated because the output belongs to someone. Thus we have the identity that output equals income (where an identity is an equation that is always true regardless of the values of any variables).

7 0
3 years ago
Presented below is information related to the purchases of common stock by Flint Company during 2020. Cost (at purchase date) Fa
Alona [7]

Answer:

Solution attached in picture

Explanation:

5 0
3 years ago
What responsibility, if any, does fishpeople have to the local fishing industry?​
Evgen [1.6K]

Answer:

IN UK

Explanation:

Contents

Rules for access to waters after the UK leaves the EU

Quota allocations and fishing opportunities

North-East Atlantic Fisheries Commission (NEAFC) Convention Area

Regional fisheries management organisations (RFMOs)

Access to ports

EU and non-EU (third country) vessels landing into UK ports

Import and export of fishery products

Exporting UK-caught fish and fishery products to the EU

Importing EU-caught fish and fishery products to the UK

Labelling and marketing of fishery and aquaculture products

European Maritime and Fisheries Fund

Eels and eel products

Rules for access to waters after the UK leaves the EU

When the UK leaves the EU, the government will control and manage access to fish in UK waters. It will be responsible for managing the UK’s:

territorial waters (out to 12 nautical miles)

Exclusive Economic Zone (out to 200 nautical miles or the median line with other states)

The UK government will make sure that fisheries control and enforcement continue.

UK waters

There will be no change to your rights and responsibilities if you have a UK-registered vessel fishing in UK waters. You must continue to comply with the law and the conditions of your licence, including the economic link criteria.

Non-UK-registered vessels will no longer have automatic access to UK waters. This will be subject to any existing agreements covering territorial waters.

EU and non-EU (third country) waters

There will be no automatic access for UK-registered vessels to fish in EU or non-EU (third country) waters. This will be subject to any existing agreements covering territorial waters.

Quota allocations and fishing opportunities

If you’re a UK quota holder, the UK fisheries administrations will tell you what your allocation will be. They aim to do this in October 2019.

The government will also confirm arrangements for:

non-quota shellfish (scallops, edible crabs and spider crabs)

demersal species under the Western Waters effort regime (demersal species live mainly on or near the sea floor)

There will be no automatic access for:

the UK Fisheries Administrations to exchange fishing opportunities with EU member states

EU member states to exchange fishing opportunities with the UK

North-East Atlantic Fisheries Commission (NEAFC) Convention Area

You can prepare for the UK joining the NEAFC. For UK-registered vessels to continue fishing in the convention area, and landing into the EU, you must hold a current UK domestic licence. You’ll need this before you can apply for an international licence from the relevant fisheries authority.

Please contact your local fisheries authority office if you want further guidance on fishing internationally. You’ll also need to register with the NEAFC’s electronic Port State Control system and complete the Port State Control 1 forms.

Regional fisheries management organisations (RFMOs)

The UK will join all relevant RFMOs as quickly as possible - it will no longer be a member of RFMOs through EU membership. The joining process may take up to 6 months.

During this time, UK vessels may not be able to fish in international waters covered by RFMOs. The Department for Environment, Food and Rural Affairs (Defra) will keep fishermen informed of progress and what the outcome of a decision will mean in practice.

Access to ports

If you have a UK-registered vessel, you’ll no longer have an automatic right to land fish in any EU port. You’ll be allowed access to EU designated ports for:

port services

landings

transhipment

the use of market facilities (where vessels meet EU requirements on illegal, unreported and unregulated fishing)

You must notify the relevant Fisheries Monitoring Centre of your intention to arrive into a designated port. You must notify vessel and catch-related information

6 0
3 years ago
The money spent on domestically produced final goods and services: Group of answer choices is equal to exports minus imports. is
Ad libitum [116K]

Answer:

Explanation:

The money spent on domestically produced final goods and services: is equal to GDP.

<u>Gross domestic product, or GDP, is the total value of all final goods and services produced in the economy during a given year. </u>

GDP is used as a measure of the size of an economy and can also be used to compare the economic performance in other countries.

3 0
3 years ago
Total revenue is best described as variable cost per unit times the number of units sold. the change in revenue when one additio
asambeis [7]

Answer:

price per unit times the number of units sold.

Explanation:

total revenue = total number of units sold x price per unit

the other options are incorrect because:

  • the variable cost per unit times the number of units sold = total variable costs
  • the change in revenue when one additional worker is hired = marginal revenue product of the additional worker
  • firms seek to maximize profits, not revenue
6 0
4 years ago
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