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.
It is extremely important for a leader to be able to deal with cultural aspects and to be able to better understand how certain cultures work.
The culture of a nation, society or region has considerable relevance to the culture of organizations and, consequently, much of the success or failure of organizational programs and management method implementations may be associated with disregard of national traits.
Denying the fact may induce the individual (professional, researcher or scholar) to biased conclusions. By no means should the traits be given full importance, but disregarding them can be a mistake.
Thus, organizations are social institutions that have their history and develop their own culture, but considered part of a broader context of national culture.
The term cultural intelligence to determine this ability to interpret the foundations of cultural interactions, the development of attentive posture to these interactions, and the ability to adapt to different intercultural situations, while avoiding turning on 'autopilot'.
<span>The branch of psychology that re represented in this particular professors views is behaviorism. This is a theory to help understand the behavior of both animals and humans. It is driven by the belief that every behavior is either a consequence of someone, or somethings, history or a reflex that is produced for specific stimuli around them</span>
I believe the answer is: <span>cultural change speeding up
The increase in communication technology make it a lot easier for individuals to study about foreign culture. Over time, these individuals would adopt the valur or tradition from foreign culture and integrate it with their culture, which cause the </span><span>cultural changes to speed up.</span>
Answer: copy and paste this link its the answers to all your questions
https://www.dvrhs.org/cms/lib2/NJ01001243/Centricity/Domain/132/Exploration%20Atlas%20Answers.pdf
Explanation:
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