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.
<u>Answer:
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The sentences given in scrambled order of words, when put back into their actual correct forms, become as below:
Curly wears a 'glove full of vaseline' because he's 'keeping his hand soft for his wife' according to Candy the swamper. He tells George about it when they arrive at the ranch and he says it with disgust.
<u>Explanation:
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- The compact narration given above has been taken from a book named 'Of Mice And Men' written by John Steinback.
- Curly is a little man who has been blessed with a lovely and attractive wife.
- He likes to do everything to keep her happy so that she doesn't think of luring other men with her attractiveness.
Answer: increase in MOney Supply
Explanation:
Your answer to the question above is A
Brazil is a peaceful place for all the people in the country. No one had independence or to leave the place. When the revolutionary happens, some of the people left the country and some people had independence.
