Answer: True
Explanation:
Marginal benefit is the maximum amount that a consumer will be willing to pay for an extra product. It should be known that as consumption rises, the marginal benefit starts reducing.
The marginal cost is the extra cost that a producer incurs when an extra unit of a product is made. Economic decisions made by economic agents are typically based on marginal as it'll be possible to know the impact of an extra decision made on a variable.
Therefore, it is better to evaluate economic decisions at the marginal, where the decision has to be made as long as its marginal benefit exceeds its marginal cost, if not equal to its marginal cost.
Answer:1/2 of an answer is zero
Explain:i dont know how i got it. other people can help you if you get it wrong
The amount that the farmer paid for the tractor, which is the net price after discounts, is $126,543.75.
<h3>What is the net price?</h3>
The net price is the difference between the sticker price and the discount of 15% received off the sticker price.
<h3>Data and Calculations:</h3>
Sticker price of tractor = $148,875
Discount reduction 15%
Amount paid = $126,543.75 ($148,875 x 1 - 0/15)
Thus, the farmer paid $126,543.75 for the tractor at the dealership.
Learn more about net price at brainly.com/question/17003148
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It might be the Employees. Lol, not sure.
Answer:
The correct answer is option B.
Explanation:
The market for oranges is perfectly competitive. An increase in the demand for oranges will cause the demand curve to move to the right. This rightward shift in the demand curve will cause the equilibrium price and quantity to increase.
At higher price, the producers will supply more oranges, because they will earn more profits. The supply of product is positively related to its price. So at higher price of oranges, more quantity will be supplied.
