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dem82 [27]
3 years ago
12

In making rational choices, which of the following is true? a. We respond to marginal benefits and marginal costs. b. We do not

have to account for changes in marginal cost. c. We do not have to account for changes in marginal benefits. d. We have to consider both marginal costs and sunk costs. e. Incentives do not matter.
Business
1 answer:
serg [7]3 years ago
8 0

Answer:

The correct answer is letter "A": We respond to marginal benefits and marginal costs.

Explanation:

Rational Choice Theory assumes an individual will always make prudent and optimal decisions that yield the most benefits. It is the basis of most mainstream economic theories. The rational choice theory considers the marginal benefit compared to the marginal cost of individuals' decisions. It could prevent people from taking an option without analyzing what is most beneficial for them.

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When budgeting for your immediate needs, you should divide them into what two categories of expenses
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Fixed expenses and flexible expenses or Discretionary expenses
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Roberta Whitman has recently been hired by Jackson Pharmaceuticals as the senior vice president of human resources. Jackson Phar
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Employees frequently complain about the inconsistent assistance they receive from the HR department due to its large size.

Explanation:

Having a specialized, embedded HR unit is beneficial to each, specific unit, as  HR would cater to every department and its special needs. On the contrary, centralized HR tends to give inconsistent help, as they always assign a different person or team when a problem arises.

So, if the employees complained that they cannot receive adequate help from the centralized HR, it would be wise to do what Roberta suggested.

8 0
3 years ago
Tariffs may raise the price that foreign customers must pay for goods produced in the United States, negatively impacting a U.S.
fenix001 [56]

Answer:

true

Explanation:

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8 0
3 years ago
A company’s retained earnings increased $375,000 last year and its assets increased $973,000. The company declared a $79,000 cas
Alex Ar [27]

Answer:

C. $454,000.

Explanation:

We know that

The ending balance of retained earnings = Opening balance of retained earnings + net income - dividend paid

$375,000 = $0 + net income - $79,000

So, the net income would be

= $375,000 + $79,000

= $454,000

The ending balance of retained earnings - Opening balance of retained earnings is also known as increase in retained earning

6 0
3 years ago
The cookie company in the mall hires only labor to produce cookies. The workers are paid $80 per day, and the cost of renting th
ivanzaharov [21]

Answer: C. $250

Explanation: fixed cost are cost which do not change even when other factors Change. Example of fixed cost is ‘rent’ even if the employees increase up to a 100 this variable won't affect the cost of rent which is $250. Unlike salary that increases with an increase in workers.

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= $250 + $80 x 3

= $490.

4 0
3 years ago
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