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zzz [600]
4 years ago
13

16. Marginal thinking involves:a. accurately calculating the opportunity cost of a decision.b. always acting in your own self-in

terest.c. comparing the total benefit and total cost of a decision.d. weighing the incremental benefit against the incremental cost of a decision.
Business
1 answer:
IrinaVladis [17]4 years ago
4 0

Answer:

weighing the incremental benefit against the incremental cost of a decision.

Explanation:

In Business management and economics, Marginal thinking involves weighing the incremental benefit against the incremental cost of a decision.

When individuals such as a decision-makers or project manager, is implementing and executing a project, it is very essential and important that he does marginal thinking; by weighing the overall and potential benefits or gains to be derived from that project in comparison with the costs of execution.

<em>Hence, when the incremental benefits is greater than the incremental cost of the decision, then it is logical and safe to make the move or do it. </em>

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​O'Keith Company purchased a mine on January​ 1, 2018, for​ $530,000. The mine is estimated to contain​ 37,000 tons of iron ore.
kondor19780726 [428]

Answer:

$210,664

Explanation:

The computation of the book value is shown below:

= Purchase cost - sale cost

where,

Purchase cost is $530,000

And, to find the sale cost first we have to determine the cost per ton which is shown below:

Cost per ton = Purchase cost ÷ estimated tons

                     = $530,000 ÷ 37,000 tons

                     = $14.32

Now the sale value of 2,500 tons for 2018 would be

= 2,500 tons × $14.32

= $35,800

And, the sale value of 19,800 tons for 2019 would be

= 19,800 tons × $14.32

= $283,536

Now the total sales cost would be

= $35,800 + $283,536

= $319,336

Now put these values to the above formula  

So, the value would equal to

= $530,000 - $319,336

= $210,664

4 0
3 years ago
A researcher administers a survey on issues related to the U.S. health care system to a sample consisting of 60% medical doctors
Leno4ka [110]

Answer:

Option B William is probably a doctor

Explanation:

The reason is that he is specifically pointing out the health care system with no specific judgement and hasn't based his views on authentic information neither he has used any numerical values in his statement. The doctors might think that the expenses are high enough but the economist compares the government spending on health care with a number of different countries and considers its value generation on a number of variables. For example, the statistical data that the economist uses are based on the spending of US to recover a unit patient from accidents, etc. So William is most likely a doctor.

6 0
3 years ago
Read 2 more answers
A ____________ agreement is a reinsurance agreement that allows the reinsurance company an opportunity to reject coverage for in
Dmitriy789 [7]

Answer:

Facultative

Explanation:

Facultative reinsurance is a type of coverage which covers a single risk or a block of risks held in the book of business of the insurer who has purchased the cover.

It allows the company which reinsurance to review individual risks which helps in determining whether to accept or reject them

The Facultative reinsurance is more focused in nature.

6 0
3 years ago
MaltHanks Inc., a leading American firm, starts its operations in China. It incurs a lot of additional costs in comparison to th
asambeis [7]

Answer: Liability of foreignness

Explanation: In simple words, the extra cost incurred by a company operating in a foreign country as compared to the local companies over there is called the liability of foreignness.

In the given case, the American company incurred extra cost in china due to their lack of local knowledge and discrimination from the locals.

Thus, from the above we can conclude that Malt hanks faced liability of foreignness.

5 0
3 years ago
Which is not a type of economy?
astraxan [27]

Answer:

agrarian economy

Explanation:

Agrarian economy is not a type of economy as there is no one single country were all its GDP is produced just by agricultural trade, the most relevant concept is <u><em>agrarian society</em></u>, and in this the society is highly dependable on agricultural products in order to derive income.

3 0
4 years ago
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