Answer:
B. marginal benefit equals marginal cost
Explanation:
As we know that the marginal in the economics term means that it is an extra or additional cost that could be incurred in producing an additional output
And, the optimal decision means the decision when the marginal benefit is equivalent to the marginal cost
In numerical terms,
marginal benefit = marginal cost
hence, the correct option is B.
Answer:
I look up to elon musk. I feel like he's going to do the impossible and excited to what he will do next!
Answer:
c. trade-offs when a decision is made
Explanation:
Opportunity cost is the value of the next best alternative. It represents the foregone benefits as a result of choosing one option over the others. The forfeited option is the trade-off with the preferred choice.
Trade-offs are a result of decision-making processes. Individuals and businesses have many needs and want, which they have to meet with limited resources. Every decision requires preferring one choice and trading-off another. Opportunity cost is the trade-off option.
Answer:
The answer for what is true about department accountable officials with regards to pecuniary liability is prompt response to make good any lost, damaged or destroyed property resulting from fault as stipulated in their contract with accurate records presented to certifying officials or project managers to show accurate replacement or payment.
Explanation:
Pecuniary Liability could be personal, joint or corporate monetary obligation on departmental officials to replace or repair any lost,damaged or destroyed property resulting from fault or neglect.
This provision is usually stipulated clearly in an employment contract but it takes an accountable official to respond promptly when if it occurs and render documents for proof of payment.
Answer:
D. Standing
Explanation:
The firm's best ground for dismissal is that Jock has no standing. This is because Jock has never bought a product from Inferior Company. Standing refers to the ability for an individual to show the court sufficient connection to and harm from the law or to bring a lawsuit in court based upon their stake in the outcome. For an individual or a party to have a standing in a case, he or she must show what is called an "injury in fact". When there's not enough sufficient connection to and harm from the law, the court can rule on lack of standing. Since Jock hasn't used their product before, no way he can claim injury in fact and that is why Inferior can request for dismissal on the grounds of no standing.
