Marginal beneficit and marginal cost are economic concepts. On the one hand, the marginal beneficit is defined as the added satisfaction a consumer gets from an additional unit of a good or service. On the other hand, the marginal cost is the change in total cost that results from making or producing one additional item.
The consumer could use these measurements to consider whether the cost is higher than the benefit when purchasing an item or getting a new service. Do they really need to buy an extra t-shirt when they already have enough of them? The benefit would be that they would get another t-shirt. In addition, as this is a new piece of clothing, it would probably be more in fashion than the old ones. However, the consumer would have to spend an amount of money that perhaps he had saved for another purpose and consequently would lack money for it. If he decided not to buy the t- shirt, he would have said amount of money to pay for his taxes or services. The same applies when it comes to the extra smoothie. The amount of money spent on the smoothie could be used to get something else and, by getting an extra one, you would feel fuller and perhaps would not eat a proper meal afterwards. You could also gain weight if the smoothie is not healthy, so in the end the cost is higher than the benefit.
Therefore, you could easily apply economic concepts, such as the ones described, in your everyday life so as to make decisions that leave you better off. By considering the cost associated with an extra purchase, you could start saving up money. Eventually, you could spend your savings to get a greater benefit. For instance, you could go on vacation without spending your salary and still comply with the payment of your taxes and services.
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Explanation:
Oregon trail was around 2,000 miles long.
The trip took about five to six months and in some cases almost a year.
The trail was the the only land route for people looking to move west. It let people move from the populated east and expand westward.
California trail was open from 1841-1869
Led more than 250,00 people who were seeking gold and was thought to be the biggest mass migration in US history.
People used the California trail because it led them to goldfields and rich farmland.
Santa fe Trail was a highway that connected Missoiri to Santa fe, New Mexico.
In 1846 The trail was used in the Mexican American War, were Americans invaded Mexico.
Some people used the trail to move out west but a lot of people used it as a trade route. Settlers gathered up goods from the US and went to Santa fe hoping to make a profit.
Hope this helps a little bit!
<span>he history of South Africa is characterized by racial and political violence, territorial conflict, wars of conquest, and inter-ethnic rivalry. The aboriginal Khoi and San lived in the region for millennia. Most of the rest of the population trace their history to later immigration. Africans (also referred to as Bantu) in South Africa are descendants of migrants from central Africa, who first entered southern Africa about 2000 years ago. White South Africans are descendants of later European settlers, mainly from the Netherlands, Germany, France and Britain. The large population of Coloureds, as they were officially classified, are descended at least in part from all of these groups, as well as from slaves imported from Madagascar, East Africa and the then Dutch East Indies.
The discoveries of diamonds and gold in the 19th Century had a profound effect on the fortunes of the region, propelling it onto the world stage and introducing a shift away from an exclusively agrarian-based economy towards industrialization and the development of urban infrastructure. The discoveries also led to new conflicts including open warfare between the Boer settlers and imperial Britain.
South Africa was under an official system of racial segregation and white minority rule from 1948 known as Apartheid, until its first egalitarian elections on 27 April 1994, when the African National Congress came to power and dominated the politics of the country in alliance with the South African Communist Party and the Congress of South African Trade Unions.</span><span />
<span>the powers that are solely at the state level is : Implied power
implied power refer to the power of government that is not directly written in the constitution, but exist by reading between the lines of the consittution.
One example of an implied power is Congress'' right to make a bank </span>
