A rational choice is made by comparing marginal benefit and marginal cost
<h3>What is
marginal cost?</h3>
The marginal cost in economics is the change in total cost that occurs when the amount produced is increased, or the cost of producing more quantity.
The law of declining marginal utility asserts in economics that the marginal usefulness of a good or service decreases as an individual consumes more of it. Consuming incremental amounts of a good provides less and less satisfaction to economic agents.
Marginal cost is an important concept in economic theory because a corporation seeking to maximize profits will produce until marginal cost (MC) equals marginal revenue (MR) (MR). After then, the cost of creating an additional item will outweigh the money generated.
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Answer:
People avoid carbohydrates, because they have a high calory density.
The result of the oversight is that if salaries and wages are not recorded or shown as accrued for Dec. 31st, then it will look like there is more money in revenue than is actually there so it will give a false impression of the existing money on hand of an enterprise.
Answer:
Public relations.
Explanation:
Public relations is a combination of news covered by the media that boosts sales without having to pay.
Public relations involves the process of professionally maintaining and sustaining a favourable public perception and image by an organization or an elite.
As a rule, every organization makes it a standard to always go for the best public relations manager, so as to have a competitive advantage over industry rivals and to boost their public image or reputations.
Hence, PR managers use public relations, as a strategic communication process to issue and disseminate quality informations between their principal (usually an individual) or an organization and the public, in order to build a mutualistic relationship.
Answer: b. An increase in the corporate tax rate
Explanation: I found the answer on Quizlet. :)
