Compare Marginal Costs & Marginal benefits in a choice you made.

Social Studies

1 answer:

wariber [46]3 years ago

7 0

Marginal Costs & Marginal benefits in a choice you made.

Assume that I want to buy an ornament for hands. I spend $500 for purchasing an ornament. When I was supposed to see another I wish to buy that. But spending again for the ornaments also not a good idea. I am also not willing in spending $500 for the ornament. So, I decided to go for an ornament that costed only $250. No, my marginal benefit get decreased from $500 to $250. When I decided to go fro the second one or more than one of same good my marginal benefits decrease.

Marginal cost is something that changes in a smaller range in the production of one additional unit. For example I decide to manufacture 500 pens. i need raw materials for the production and a building and machine for production. The change in the cost or expenses that happens when I decide to produce 600 pens is the marginal cost.

You might be interested in

How do you change your username on brainly plus? Can you?

Harrizon [31]

Answer:

Explanation:

you go on edit profile then go on preference then press first name and save changes then it will change your username :)

4 0

3 years ago

___________ is not one of the ineffective responses to a decision situation.

Kitty [74]

Beginner or a decision

6 0

3 years ago

Who led Sumer’s theocracy? Please answer this :D

ipn [44]

Answer:D.Priests

Explanation:

i just took the quiz and got it right

8 0

3 years ago

Help me right now! What is a counterclaim for human rights?

shutvik [7]

Answer:

a legal tool for host States when human rights abuses occur by the investor under the scope of an investment project.

8 0

2 years ago

The results of Accounting Principals' latest Workonomix survey indicate the average American worker spends on coffee annually (T

Viefleur [7K]

The results of Accounting Principal's latest Workonomix survey shows that the average American worker spends $1092 on coffee annually. This is according to The Consumerist (January 10, 2012).

However, this survey also demonstrated that there are differences among various age groups. Americans who are in the 18-34 group, as well as those in the 34-44 group spend more on coffee than the 45+ group. It also shows that there is less variation in spending as we go from younger to older consumers of coffee.

7 0

3 years ago