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Anastasy [175]
10 months ago
5

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

Business
1 answer:
mr Goodwill [35]10 months 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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A company's normal selling price for its product is $20 per unit. However, due to market competition, the selling price has fall
Scorpion4ik [409]

Answer:

$2,600

Explanation:

Calculation of the value of the company's inventory at the lower of cost or market.

Current FIFO inventory ×Net realizable value

Where,

Current FIFO inventory= 200 units

Net realizable value $13 per unit

Therefore,

200 units *$13 per unit = $2,600.

Lower cost of market can be said to mean that the inventory cost at either the purchase cost or replacement value .

Bases on the information given in the question, replacement cost is lower or lesser than the purchase cost which is why the inventory units are been cost at the replacement value of $13 each.

6 0
2 years ago
The act of dividing a market into segments of customers is referred to as
vesna_86 [32]

Answer:

C

Explanation:

Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics. The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations.

8 0
2 years ago
The total dollar value of bison killed from Huntington Forest is f(b)=42b-1.1b^2, where b is the number of bison killed. The mar
balandron [24]

Answer: 20.99

Explanation:

The optimal bison-killing tax is 20.99

Before the optimal bison-killing tax (per bison) is gotten, we had to calculate the optimum amount of killing first which is represented by b.

After b has been gotten, the value of b was 19.1 and this was slotted into the tax in order to get the value of t.

The analysis and explanation has been attached below

3 0
2 years ago
All of the following are costs (fees) associated with checking accounts except
Lady bird [3.3K]
A A monthly maintenance fee (sometimes called a monthly service fee) is money a bank charges you for working with the company. The fee is usually automatically withdrawn from your account each month. In some cases, you'll pay the fee no matter what. But many banks let you waive the fee if you meet certain requirements.
5 0
3 years ago
The principal offensive strategy options include all of the following EXCEPT:A.using a cost advantage to attack competitors on t
Len [333]

Answer:

All are options for offensive strategy

Explanation:

In this question, we are trying to select an option which is not in terms with the other options as regards what principal offensive strategy should be.

Now, what the term principal offensive strategy refers to is that it is a type of corporate strategy that pushes for changes within the industry. What we are trying to say is that, the principal offensive strategy pursues an agenda that is pushing for a change within the industry.

Efforts might be concerted or individual steps might be taken. Hence, various techniques or strategies are in place to be used.

Offensive strategy types includes, an end run strategy where a company does not want competition and thus explore the part of the market with little or none.

A preemptive one which seek to conform some advantages on the company as it is the first one based on demographics

Others include: an acquisition and a direct attack strategy

3 0
3 years ago
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