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.
Answer:n 1590, al-Mansur took advantage of the recent civil strife in the empire and sent an army under the command of Judar Pasha to conquer the Songhai and to gain control of the Trans-Saharan trade routes. After the disastrous defeat at the Battle of Tondibi (1591), the Songhai Empire collapsed. So the answer is ABCD
Explanation:
Answer:
After the National Party gained power in South Africa in 1948, its all-white government immediately began enforcing existing policies of racial segregation. Under apartheid, nonwhite South Africans (a majority of the population) would be forced to live in separate areas from whites and use separate public facilities.
Explanation:
Human Environment Interaction. The people of Latin America have altered the land through agriculture, development of infrastructure, logging, mining, and urbanization. Natural disasters have impacted the lives of millions of people in Latin America
Answer:
metals and minerals
Explanation:
The Canadian shield was the name of a region that is located in North-Eastern part of Canada. The water and soil quality in this region is generally unsuited for agriculture, but this area possess large quantity of metals and minerals
This made Canadian Shield became the major producer for mining related companies. (Especially producers of coppers, Gold, Nickels, Zinc, and Diamond.) This region alone accounted for more than 20% of Canadian's economy.
