Answer:
When Economists say that humans make decisions at the margin they mean that decisions are made on the basis of the cost and benefit of getting an additional unit of a good/ service.
Marginal benefit refers to the additional utility that we will derive from consuming one extra unit of a good or service and factors in heavily into our decision making. We usually accept a decision if the Marginal benefit is higher or equal to the Marginal cost ( cost of the additional unit) of the good/service.
If the Marginal Cost is instead higher, the decision would most probably be cancelled.
Answer:
c. $33.33 per housekeeping hour
Explanation:
The housekeeping department's activity rate is how much each housekeeping hour costs.
This question can be solved by a simple rule of three.
27000 hours cost $900000. How much does 1 hour cost?
27,000 hours - $900,000.
1 hour - $x.
So the correct answer is:
c. $33.33 per housekeeping hour
Some of the things which a person can do to adjust his spendings on a budget are:
- Reduce spending habits
- Make more money to finance the new purchases.
<h3>What is a Budget?</h3>
This refers to a financial plan where a person has made different allocations as to where certain monies would go to to avoid impulse spending.
With this in mind, we can see that if a person is spending too much, in a particular category, then he would have to either reduce spending or make more money.
Read more about budgeting here:
brainly.com/question/24940564
The term BUSINESS CYCLE is a popular way to describe the rescission-expansion pattern followed by the economy.
