Answer:
When Economists say that humans make decisions at the margin they mean that decisions are made on the basis of the cost and benefit of getting an additional unit of a good/ service.
Marginal benefit refers to the additional utility that we will derive from consuming one extra unit of a good or service and factors in heavily into our decision making. We usually accept a decision if the Marginal benefit is higher or equal to the Marginal cost ( cost of the additional unit) of the good/service.
If the Marginal Cost is instead higher, the decision would most probably be cancelled.
Answer:
d. internal politics
Explanation:
Considering all the options given
Option a technological advance is a valid basis for identifying potential projects in most organizations as it may be the key driver for the profitability of a project. An investment in a technology that becomes or is obsolete would most likely result in a loss.
Option b environmental consideration is also a valid basis for identifying potential projects as a company's reputation may be jeopardized if a project is not environmentally friendly
Option c social need is also a valid consideration as the need of the consumer may determine the viability of a project.
Internal politics option d is is the only option that does not influence the viability of a project.
In order for Ben to maintain his fluid balance, he should take huge amounts of liquid, and the best liquid that he should take is water. He should take and drink water when jogging, in order to keep himself hydrated as he sweats a lot and when he does not consume water with this behavior, he would likely be dehydrated as he loses the balance of maintaining liquid in his body.
I believe it would be C.) multiple installations of gas, water, and electric lines
Answer:
Explanation:
1. Hilary's father in Sweden orders a bottle of Vermont maple syrup from the producer's website: included in U.S exports (X) account because it produced in the U.S soil.
2. Hilary gets a new video camera made in the United States: included in Consumption (C) account.
3. Edison's employer upgrades all of its computer systems using U.S.-made parts: included in the Investment (I) account because it is capital expenditure.
4.The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore: included in government purchases (G) account because Pennsylvania repaves are paid by the state of Pennsylvania.
5 .Edison buys a sweater made in Guatemala: included in Imports (M) account because it is consumed in U.S soil but not produced there.