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Lubov Fominskaja [6]
3 years ago
6

Daniel and his intramural team just won the co-ed volleyball tournament, and they’re celebrating at an all-you-can-eat pizza pla

ce. daniel has had four slices of pizza and is trying to decide whether to have a fifth slice. he does not have to pay for it, but he is thinking about whether the increased calories of the fifth slice are worth it. which foundation(s) of economics is he applying?
a. trade-offs
b. microeconomics
c. marginal thinking
d. the principle that trade creates value
Business
1 answer:
Gre4nikov [31]3 years ago
5 0

Answer:

a. trade-offs 

c. marginal thinking 

Explanation:

Marginal thinking is when a decision maker evaluates the marginal benefits and marginal cost of a certain activity. Daniel is trying to evaluate if the extra calories (marginal cost) he would get from eating the 5th size of pizza (marginal benefit) is worth it.

Trade offs is also known as opportunity cost. It is what is sacrificed in order to carry out a certain activity. If Daniel eats the pizza, he's sacrificing a more healthy body for the extra slice of pizza.

I hope my answer helps you

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Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is?

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