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svlad2 [7]
3 years ago
15

Suppose that Marie is buying bananas. She decides that she would like to purchase three bananas at the price of $0.25 per banana

, but not a fourth banana. Which of the five foundations of economics, illustrated above, best describes Marie’s thinking?A. opportunity cost B. trade-offs C. marginal thinking D. trade creates value E. incentives
Business
1 answer:
dmitriy555 [2]3 years ago
6 0

Answer:

The correct answer is letter "C": marginal thinking.

Explanation:

Marginal Cost of Production is an economic term that refers to the change in production costs resulting in producing one more unit. It is most often used within manufacturers as a means of identifying an optimum production level. The formula to calculate the cost of production is the change in total production cost divided by the change in total quantity produced.

As Marie is analyzing the extra benefit and cost of buying one more banana,  economists would say she is performing "<em>marginal thinking</em>".

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While the store of information, skills, and strategies that people have acquired during life holds steady, the ability to deal w
Leya [2.2K]

Answer:

fluid intelligence

Explanation:

Fluid intelligence -

It is the capability to think wisely and logically , solve any issue according to the situation and does not depend on the acquired knowledge is known as fluid intelligence .

Fluid intelligence helps to deal with the worst situation possible in a very peaceful and logical manner and helps to live life in a better and happy way .

This capability often reduces with the growing age , as people tends to get older .  

8 0
3 years ago
CII, Incorporated, invests $710,000 in a project expected to earn a 9% annual rate of return. The earnings will be reinvested in
allochka39001 [22]

The total amount accrued, principal plus interest at a rate of 9% per year compounded 1 times per year over 12 years is $1,996,992.00.

<h3>Compound Interest</h3>

Given Data

  • Principal = $710,000
  • Rate = 9%
  • Time = 12 years

A = P + I where

P (principal) = $710,000.00

I (interest) = $1,286,992.00

Calculation Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 9/100

r = 0.09 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 710,000.00(1 + 0.09/1)(1)(12)

A = 710,000.00(1 + 0.09)(12)

A = $1,996,992.00

Learn more about Compound Interest here:

brainly.com/question/24924853

#SPJ1

4 0
2 years ago
If consumers start to believe they need a product, what is likely to happen?
suter [353]
B. The demand becomes more elastic
4 0
3 years ago
Which industry is the second-largest employer of teens
olasank [31]

Answer:

I. Retail industry

ii. 7%

Explanation:

Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.

Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc

In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.

Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.

5 0
3 years ago
Ash Rs 40000, ba
vagabundo [1.1K]
What are you asking?
6 0
2 years ago
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