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2 years ago

Decision making "at the margin" means making a choice based on __________ of a decision.

Business

1 answer:

I am Lyosha [343]2 years ago

4 0

Answer:

d. comparing the additional benefits and costs

Explanation:

The correct choice is D because you are making a choice when the marginal benefits are greater than the marginal costs . At this point, opportunity costs are lowered and you want to get the most out of your resources. It is a point when you are thinking about what an additional action means for you if you take it versus not at all.

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The fish in the river are consideredrival in consumption andexcludable whereas the fish in the private pond are and . In other w

Paladinen [302]

Answer:

... whereas the fish in the private pond are rival in consumption and excludable.

... the fish in the river are an example of common resource, and the fish in the private pond are an example of private good.

* the first sentence is wrong, the fish in the river are nonexcludable since anyone can fish on the river, or at least try to.

Explanation:

If a good is rival in consumption, it means that if one person consumes it, it will lower the ability of another person to consume the good.

If a good is excludable, ten it can only be consumed by those that are willing and able to pay for it.

When a good is both nonexcludable and rival in consumption, it s a common resource.

A private good is both rival in consumption and excludable

5 0

3 years ago

Bjorn felt that the focus groups did not give him enough quantitative information to make a decision, so he directed his manager

klio [65]

Answer:A

Explanation:

Veracity : This simply means conformity with truth or facts. Since Bjorn felt that the focus group did not give him fact, he would hereby, adopt veracity to achieve his secondary research.

4 0

2 years ago

To reduce the risk of starting a small business, the government can

Mademuasel [1]

The government can require licenses in order to start the small business. This keeps the small business accountable and the government and keep track of this.

3 0

2 years ago

Required information The Foundational 15 [LO5-1, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7, LO5-8] [The following information applies to

Romashka-Z-Leto [24]

Answer:

$5,000

Explanation:

Sales $20,000

Variable expenses $12,000

Contribution margin $8,000

Fixed expenses $6,000

Net operating income $2,000

margin of safety in $ = current sales level - break even point

margin of safety in % = (current sales level - break even point) / current sales level

first we need to calculate the contribution margin per unit = $20 - $12 = $8 per unit

break even point = fixed costs / contribution margin = $6,000 / $8 = 750 units

sales level at break even point = 750 x $20 = $15,000

margin of safety in $ = $20,000 - $15,000 = $5,000

margin of safety = ($20,000 - $15,000) / $20,000 = $5,000 / $20,000 = 25%

5 0

2 years ago

What is the main advantage of using a credit card?

alex41 [277]

It is time saving.
it is quick and efficient

3 0

3 years ago

Read 2 more answers