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ozzi
3 years ago
11

what marginal costs and benefits might a tour boat operator consider when deciding whether to purchase a new boat?

Business
1 answer:
VladimirAG [237]3 years ago
7 0

Answer

The tour boat operator needs to decide whether to buy a new boat to increase the income obtained per day or increase the number of trips made per day and avoid buying a new boat.

Explanation

Marginal cost measures the change in cost over the change in quantity. Marginal benefit is a measurement of change in benefits over change in quantity. The boat operator is going to buy a new boat. Will the marginal cost (how the boat cost) be greater than the marginal benefit( income from increased number of boats).


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Name two different methods for evaluating evidence. compare and contrast these two methods.
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The two different methods for evaluating evidence are the quantitative method and the qualitative method.

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joint venture

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7 0
3 years ago
Why should you always consider the opportunity cost when making a significant purchase?
vladimir2022 [97]

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3 years ago
Osion Electronics Inc. incurs a cost of $350 to produce one unit of a cell phone. The company's management has priced the produc
Vsevolod [243]

Answer:

The economic value establish in this case is $450

Explanation:

Economic value is the term which is defined as the computation of the profits an asset has either manufactured or might produce in the future. It is that measure of the product or service benefit provide the economic agent.

For computing the economic value as:

EV (Economic value) = (Actual rate of return - Cost of Capital) × Net Investment

where

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Net Investment is nil

Putting the values above:

EV = $800 - $350

EV = $450

7 0
3 years ago
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