All categories

2 years ago

In one or two sentences, explain why people will do less of an activity when the marginal costs are greater than the

Business

1 answer:

Firlakuza [10]2 years ago

7 0

Answer:

Marginal cost is defined as the additional cost incurred in adding a unit of product or service.

Marginal benefit is defined as the additional satisfaction or utility that the individual receives from consuming the added unit of product or service.

In every endeavor, we weigh the benefit and cost of a certain product, course of action or service. We aim to get the most out of every product or decision. We are driven to reach maximum profit at a minimum cost. Thus, when the marginal cost is greater than the marginal benefit, people will do less of an activity because it is not profitable.

Explanation:

You might be interested in

City Bus Corporation provides school bus transportation to private and public schools in Lancaster County. City Bus owns 50 buse

Greeley [361]

Answer:

1. The measures that City Bus Risk Manager should take in the risk management process are as follows

Figure out the risk context: In this case, we need to find out which market City Bus is catering to and what sort of service it can provide. The risk manager will take into account what the business requirements are, what are the technical criteria for delivering this service, such as the legal regulations that City Bus has to follow.

5 0

3 years ago

Type the correct answer in the box. Spell all words correctly.

stealth61 [152]

The name which is given to the session that is a continuous discussion to bring out innovative ideas from employees is called:

Brainstorming

According to the given question, we are asked to state the name which is given to the session that is a continuous discussion to bring out innovative ideas from employees.

As a result of this, we can see that when a group of workers sit down together to bring out a new idea that would be innovative to their company, then we can say that they are brainstorming because they bring ideas that would improve overall business and profit

Read more here:

brainly.com/question/20482811

7 0

2 years ago

Starling Co. manufactures one product with a selling price of $18 and variable cost of $12. Starling’s total annual fixed costs

nikitadnepr [17]

The number of units that Starling Co. sold was 11200

Explanation:

Given -

Operating income = $28,800

Fixed cost = $38,400

Selling price of one unit = $12

Variable cost = $12

Number of units sold, n = ?

Contribution margin per unit = $18 - $12

= $6

$n = \frac{operating income + fixed cost}{contribution margin per unit}$

$n = \frac{28800 + 38400}{6} \\\\n = \frac{67200}{6} \\\\n = 11200$

Therefore, number of units that Starling Co. sold was 11200

7 0

3 years ago

Which of the following actions would be most likely to reduce potential conflicts between stockholders and bondholders?

bagirrra123 [75]

Answer:

C. Including restrictive covenants in the company's bond indenture (which is the contract between the company and its bondholders).

Explanation:

One of the major actions that would most likely reduce potential conflicts between stockholders and bondholder is the Inclusion of restrictive covenants in the company's bond indenture (which is the contract between the company and its bondholders).

Restrictive covenants are Bond covenants that are designed to protect the interests of both parties by forbiding the issuer from undertaking certain activities that are detrimental to the holders of the bond.

Restrictive covenants manages the agency problem between stockholders and bondholder.

5 0

3 years ago

Your best friend just said that she isn’t going to college, because she cannot afford it. What would you tell her?

puteri [66]

I would suggest her to opt for scholarship programs that are offered by several colleges, there is a need based scholarship programs too.

7 0

2 years ago

Read 2 more answers