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solniwko [45]
3 years ago
12

Economists use the word marginal to mean an extra or additional benefit or cost of a decision. An optimal decision occurs when _

________
Business
1 answer:
VikaD [51]3 years ago
7 0

Answer:

B. marginal benefit equals marginal cost

Explanation:

As we know that the marginal in the economics term means that it is an extra or additional cost that could be incurred in producing an additional output

And, the optimal decision means the decision when the marginal benefit is equivalent to the marginal cost

In numerical terms,

marginal benefit = marginal cost

hence, the correct option is B.

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Harry owes the bank money. To repay his debt, he paid \$150$150dollar sign, 150 back to the bank each month. After 101010 months
Firdavs [7]

Answer: $8,400

Explanation:

Given the following:

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7 0
4 years ago
Barney builds custom wooden birdhouses. he can make 150 birdhouses per month and sell them for $50 each. his average total cost
musickatia [10]

Answer:

125 birdhouses per month

Explanation:

Barney=150 birdhouses

Total product=150 birdhouses

If Barney hires Fred

Fred =125 birdhouses

Total product=150+125

=275 birdhouses

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It can be calculated as follows

Marginal product=change in total product/change in variable inputs

=275-150/1

=125/1

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