This is actually false, Don't believe the guy who said true.
Answer:
The correct answer is c. Marginal analysis
Explanation:
Marginal analysis is a technique you can apply when you are comparing some options. We can say this analysis is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity. Using this technique you can maximize the potential profits.
The additional cost versus the additional benefit of a decision. In this case, Bill and Alma are analyzing if living 10 miles closer to their workplaces ( benefit) is worth the extra $25,000 in the cost of the house(cost). This is marginal analysis.
Yes. Creating habits when you are young are bound to stick with you until you break them. It is hard to break a habit once you gain it. Thus, creating a saving habit when you are young is bound to stay with you when you are older, and it would be beneficial to you as well
The answer is D. An increased interest rate. The bank will increase the interest rates on loans to get a return on their expences.
It is referred to as DECISION MAKING FOR SOCIAL RESPONSIBILITY. Social responsibility has to do with people and organizations behaving and conducting business ethically and with sensitivity toward cultural, economic, social and environmental issues.
