Marginal beneficit and marginal cost are economic concepts. On the one hand, the marginal beneficit is defined as the added satisfaction a consumer gets from an additional unit of a good or service. On the other hand, the marginal cost is the change in total cost that results from making or producing one additional item.
The consumer could use these measurements to consider whether the cost is higher than the benefit when purchasing an item or getting a new service. Do they really need to buy an extra t-shirt when they already have enough of them? The benefit would be that they would get another t-shirt. In addition, as this is a new piece of clothing, it would probably be more in fashion than the old ones. However, the consumer would have to spend an amount of money that perhaps he had saved for another purpose and consequently would lack money for it. If he decided not to buy the t- shirt, he would have said amount of money to pay for his taxes or services. The same applies when it comes to the extra smoothie. The amount of money spent on the smoothie could be used to get something else and, by getting an extra one, you would feel fuller and perhaps would not eat a proper meal afterwards. You could also gain weight if the smoothie is not healthy, so in the end the cost is higher than the benefit.
Therefore, you could easily apply economic concepts, such as the ones described, in your everyday life so as to make decisions that leave you better off. By considering the cost associated with an extra purchase, you could start saving up money. Eventually, you could spend your savings to get a greater benefit. For instance, you could go on vacation without spending your salary and still comply with the payment of your taxes and services.
The term <u>Group dynamics</u> describes how a team communicates with one another, deals with conflict, and expresses feelings.
Group dynamics refers to the processes by which individuals in a team interact with one another. Group dynamic is influenced by the personality and attitudes of members, hierarchies, powers, and perceptions, among others.
The group may be formal (specially organized for a specific purpose) or informal (spontaneous).
Groups proceed through stages of <em>forming</em>, <em>storming</em>, <em>norming</em>, <em>performing</em>, and <em>adjourning</em>. These stages trace the development of how members communicate, deal with conflicts, express feelings, and find common ground so they can attain their best performance.
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Answer:
American political culture emphasizes the values of liberty, equality, and democracy. a small group of people that dominates the political process.
I believe it was George Stephenson.
<u>Answer:
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'An air puff in the eye elicits an eye blink' is the statement that illustrates a US-UR pair.
Option: (B)
<u>Explanation:
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- When an event generates an unconditioned stimulus, it is often followed by an unconditioned response spontaneously.
- This kind of stimulus is usually unavoidable and makes the subject vulnerable to respond in a specific manner that is expected for the type of stimulus received.
- The correlation between US and UR is characterized by the input-output link that is apparent in any given event.
