Answer:
d. Making choices based on comparing marginal benefits with marginal costs
Explanation:
Opportunity Cost Marginal Analysis in Economics helps managers to understand the idea of opportunity cost in making an additional input for output. Presume a manager realizes that there is space in the budget to employ an additional worker. Marginal analysis tells the manager that an additional worker provides net marginal benefit or not and the manager then decides if to hire one more worker or forgo it for an alternative.
Answer:
The correct option here is C)
Explanation:
The correct answer is C) because Economics is nothing but empirical science and by empirical science it means that the economists will have to study the real world examples or evidences to create a support for their theory. And based on this , we can definitely say that from the given choices in the question option C) is definitely correct, they first collect the real world observations and then analyze them to see whether these actions are in accordance with their theory.
Answer:
$17.97 per unit
Explanation:
Using weighted average method, Equivalent units = Units that are completed during the period + Equivalent units in process at the end of period.
Equivalent units = 8,500 + 2,000*90%
Equivalent units = 8,500 + 1,800
Equivalent units = 10,300
Cost per equivalent unit for materials = (Beginning costs + Current costs) / Equivalent units
Cost per equivalent unit for materials = ($13,000 + $172,100) / 10,300 units
Cost per equivalent unit for materials = $185,100 / 10,300 units
Cost per equivalent unit for materials = $17.97 per unit
The business cycle is the fluctuation in economic activity
Consumers usually buy a shopping product only after comparing several brands or stores on style, practicality, price, and lifestyle compatibility
<h3>Who are consumers?</h3>
Consumer are individual or group of people who are willing to pay for a particular products or services they need.
Consumer often go around to compare prices and custom relations after which they decide who to buy from.
Therefore, Consumers usually buy a shopping product only after comparing several brands or stores on style, practicality, price, and lifestyle compatibility
Learn more on consumer below,
brainly.com/question/380037
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