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zlopas [31]
4 years ago
6

In economics, what is meant by "optimal decisions are made at the margin?" The concept of the margin was initially developed in

2012 by Professor Marginus; research is still being done on how it can be used for decision-making. The idea of the margin does not help compare trade-offs and is not relevant to decision-making. The idea of the margin is related to making decisions while thinking about the benefits and costs of small changes in behavior. The idea of the margin is that all economic decisions are made at the very fringes of society.
Business
1 answer:
Ivahew [28]4 years ago
7 0

Answer:

The idea of the margin is related to making decisions while thinking about the benefits and costs of small changes in behavior.

Explanation:

Economic theory suggests that economic agents (firms, consumers and government) think on the sidelines. This means that decisions are made taking into consideration the benefits and costs of each choice. For example, for a firm to increase a unit of production (marginal unit) it will calculate the cost of production of that unit (marginal cost) and the profit that additional unit will generate (marginal benefit).

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Strategic behavior is required to win a presidential election. For each example below, indicate if it is a rule, strategy, or pa
rosijanka [135]

Answer:

The Guidelines for how votes are counted and who can vote is a rule, it is backed up by the constitution as a way of directing the masses.

Choosing to campaign in states with a large number of electoral votes or so called swing states is a strategy, this involves coming up with the best approach or means to win in an election. Going to such states is a big strategy towards securing victory.

Emphasizing different messages to different voter groups is another strategy, this entails telling each of the people things that are their most needs in a bid to convince them to vote for you. It is a strategy that has always worked.

Securing endorsements and large campaign contributions is a payoff, it is an aftermath of popular acceptance by the people.

Limits on sources of fundraising and campaign contributions is a rule established by the states to encourage fair play in the electoral system or process.

Explanation:

see Answer

4 0
3 years ago
Prizes and toys in a cereal box as rewards for purchasing the cereal are examples of _____.
miv72 [106K]

Answer:

Prizes and toys in a cereal box as rewards for purchasing the cereal are examples of PREMIUMS

3 0
3 years ago
Read 2 more answers
In 2019, Kelsey sustained a loss on the theft of a painting. She had paid $20,000 for the painting, but it was worth $40,000 at
jeka57 [31]

<u>Solution and Explanation:</u>

As per capital gains, painting is treated as capital asset. Hence, theft of painting is a dead loss means no tax treatment.

A capital resource might be said to incorporate such things as property, regardless of whether mobile or unflinching, fixed or flowing, or substantial or elusive. Different instances of capital resources may incorporate structures, hardware, PC gear, vehicles. In straightforward terms everything that you claim or use for individual or speculation purposes can be named as a capital resource.  

A non capital resource incorporates business property. The things which may go under non capital resource incorporates stock, stock in exchange, and some other sort of property that you hold exclusively with the end goal of offer to clients in your business or exchange. In basic terms a non capital resource is property that is certainly not a capital resource.

7 0
4 years ago
What is “active listening”?
notka56 [123]

Answer:

Active listening is a technique that is used in counseling, training, and solving disputes or conflicts

5 0
3 years ago
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Costello Corporation reported pretax book income of $500,000. During the current year, the reserve for bad debts increased by $5
antiseptic1488 [7]

Answer:

462,000 taxable income

38,000 deferred tax benefit

Explanation:

500,000

+5,000 reverse bad debt

-40,000 tax dep > book dep

-3,000

462,000 taxable income

6 0
3 years ago
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