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Anestetic [448]
3 years ago
11

If the marginal benefit of consuming another unit of a good is positive, then to reach the allocatively efficient level of outpu

t more of the good should be produced and consumedA) no matter what.B) if the marginal benefit of the good is greater than its marginal cost.C) if the total benefit of the good is greater than its total cost.
D) as long as the consumer can afford to pay for it.
Business
1 answer:
snow_lady [41]3 years ago
4 0

Answer:

B. If the marginal benefit of the good is greater than the marginal cost

Explanation:

Marginal benefit is the incremental benefit derived from producing an extra unit of a good. Marginal cost is the incremental cost of producing an additional unit of the good.

When marginal benefit is greater than its marginal cost, the excess of marginal benefit over marginal cost shows that the product is beneficial to society so an extra unit of the good should be produced and consumed.

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During the Great Depression there were a number of federal programs which brought electricity to people in rural areas of the Mi
Ivan

Answer: option A: More competition for jobs in those areas are witnessed when federal programs provided more electricity in rural areas of the Midwest and South.

Explanation:

In the time of the Great Depression, President Roosevelt has passed the Rural Electrification Act (REA) in 1935 as part of the New Deal execution amendment. Through the beneficial act of supplied quantity of electricity units, the rural areas of the Midwest and South got the fine chance to expand the production of goods and services which covered the expenses of the cost of production.

Agriculture is the primary occupation of those areas, the electricity supply helped them to produce more agricultural products and also it supported Agro-based industries. The installation process are initiated and all farmers got loan advances by the cooperative societies.

6 0
3 years ago
What is your assessment of the Under Armour’s performance downturn in North America that first appeared in the fourth quarter of
nikklg [1K]

Answer: The answer is given below

Explanation:

My assessment of the Under Armour’s performance downturn in North America that first appeared in the fourth quarter of 2016 was that Under Armour’s 2016 downturn was caused as a result of the reduction in the sale and earnings outlook.

Also, the weakened demand that occurred in North America had a negative effect on demand and resulted in the company dropping from 25.7% in the first quarter, to 21.5% in the second quarter and about 15.6% in the third quarter.

4 0
3 years ago
Finney Company's condensed income statement is presented below: Revenues $988,000 Expenses Cost of goods sold $400,000 Operating
larisa [96]

Answer:

Explanation:

Operating Segment

Hotels Grains Candy Totals

Revenues (1) $378,000 $450,000 $72,000 $900,000

Expenses—

Cost of goods sold (1) 192,000 196,000 12,000 400,000

Operating and admin. expense (2) 58,000 91,000 27,000 176,000

Depreciation expense (3) 14,900 12,800 2,300 30,000

Total expenses 264,900 299,800 41,300 606,000

Operating profit $113,100 $150,200 $30,700 $ 294,000

(1) Total times segment percentage.

(2) Hotels = ($200,000 × 35%) - $12,000 = $58,000

Grains = ($200,000 × 50%) - $9,000 = $91,000

Candy = ($200,000 × 15%) - $3,000 = $27,000

(3) Hotels = ($40,000 × 46%) - $3,500 = $14,900

Grains = ($40,000 × 42%) - $4,000 = $12,800

Candy = ($40,000 × 12%) - $2,500 = $2,300

3 0
3 years ago
If you advertise and your rival advertises, you each will earn $3 million in profits. If neither of you advertises, you will eac
ValentinkaMS [17]

Answer:

Each company should advertise

Explanation:

Nash equilibrium a concept in game theory which describes the optimal strategy for a party in a non co-operative game. It is the best strategy for the player regardless of what the other player is playing.

In this question, if both parties advertise, they earn $3 million .

If one of you advertises and the other does not, the firm that advertises will earn $10 million and the non-advertising firm will earn $1 million

If neither of you advertises, you will each earn $7 million in profits. 

The profits from advertising can either be 3 million or 10 million while the profit from not advertising can either be 7 million or 1 million.

We can see the gains from advertising is more than the gain of not advertising. So the bash equilibrium is to advertise.

Please check the attached image for a table showing this game

I hope my answer helps you

4 0
2 years ago
Below is a chart representing portions of résumés from three applicants.
Tatiana [17]
I believe that the option about applicant 3 best explains the career of the applicant.

The background of Applicant 3 in child psychology could help him/her understand the students, especially children, while teaching, if he/she is teaching. The applicant's background in human development is also beneficial in teaching by using his/her knowledge in developing his/her students holistically as a person. This knowledge is also very applicable in the professional field, specifically in the human resource and training department and management. The applicant's background in child psychology is also applicable in the field of medicine.
4 0
3 years ago
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