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soldi70 [24.7K]
4 years ago
8

If someone produced too little of a good, this would suggest that rational choice cannot be applied to many economic decisions.

the good was produced past the point where its marginal cost exceeded its marginal benefit. government should intervene to produce more of the good. the good was produced to the point where its marginal benefit exceeded its marginal cost.
Business
1 answer:
juin [17]4 years ago
8 0
If someone produced too little of a good, this would suggest that the good was produced to the point where its marginal benefit exceeded its marginal cost.
Both are metrics used in economics for measurement of costs and benefits.
Marginal benefit is the gain the business receives for doing anything "one more time.", while marginal cost is the additional cost the business incurs to produce one more unit.
This means that if someone produced too little of a good, the business gained more than it lost.
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ABC Lawn Care service continuously makes an effort to set up multiple points of interaction with its customers. ABC wants to pro
Leya [2.2K]

Answer:

b. It emphasizes making a one-time sale

Explanation:

Relationship selling is a when a seller focuses on building connections with customers when selling a product. This is a longer term strategy to make repeat buyers of the customer.

The focus is not on price rather it is on interaction with customers.

One time sales therefore is not consistent with relationship selling.

In the given scenarionABC wants to provide lawn care every week to keep its customers' yards looking manicured and ultimately to develop a relationship with its customers.

This is an example of relationship selling.

8 0
3 years ago
Suppose Piranha sells 3,500 books on account for $17 each (cost of these books is $35,700) on October 10, 2018 to The Textbook S
Natali5045456 [20]

Answer:

1. 10 Oct 2018     Inventory        $59500 Dr

                                Accounts Payable      $59500 Cr

2. 13 Oct 2018    Accounts Payable   $1700 Dr

                                Inventory                     $1700 Cr

Explanation:

1. The Textbook store is purchasing the books at $17 per book and in total 3500 books are purchased on credit. So, we debit the inventory account by 59500 (3500 * 17) and credit the Accounts Payable by 59500.

2. This transaction relates to Purchases return which in this case is our inventory of books. Textbook store will record this transaction in its books by debiting the Accounts Payable account by the value of the books returned 1700 (170* 100) and credit its inventory by 1700. The last line pertains to total estimation of sales returns by Piranha so we do not need to consider that while preparing transactions in Textbook store's books.

5 0
3 years ago
Before you could train as a physician, you first had to become _____.
hichkok12 [17]
Before you could train as a physician, you first had to become, a SCRIBE
6 0
3 years ago
Read 2 more answers
2. Your company has to liquidate some equipment that is being replaced. The original cost of the equipment is $100,000. The firm
ira [324]

Answer: $45,500

Explanation:

Cost of equipment = $100,000

Less: Depreciation = 65% × $100,000 = $65,000

Book value = $35000

Less: Savage value = $50,000

Loss on sale = $15000

Less: Tax Payable = 30% × $15000 = $4500

After tax Savage value = $50000 - $4500 = $45,500

7 0
3 years ago
The GE "stop-light" evaluation method is a very objective approach because GE feels there are too many possible errors if it tri
blondinia [14]

Answer:

False

Explanation:

This method is a subjective approach, as the variables of Attractiveness and Strength cannot be measured quantitatively. These are measured by experts in the field, however, their subjective approach cannot be totally eliminated. Therefore, the GE "stop-light" approach is <u>subjective</u>, and possible errors ale always possible.

8 0
4 years ago
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