Marginal benefit is more than marginal cost that is why some people more than others enjoy buying a lot of shoes.
Explanation:
When marginal benefit is more than marginal cost the resources were used more efficiently, when there is increase in the quantity. Marginal cost is the cost incurred by producing one extra unit of the commodity. Marginal benefit is referred to as the extra benefit received by consuming one extra unit of the benefit.
in case of shoes the consumer will buy more shoes because he or she is getting extra benefit by consuming one extra unit but when the marginal cost becomes more than the marginal benefit he or she will not like the benefit because the consumer has to pay more for using the benefit.
Because of new ideas & inventions
Answer:
The Intolerable Acts were punitive laws passed by the British Parliament in 1774 after the Boston Tea Party. The laws were meant to punish the Massachusetts colonists for their defiance in the Tea Party protest in reaction to changes in taxation by the British Government.
Explanation:
The correct answer of the given question above would be ELECTED REPRESENTATIVES. In government by popular consent, the group that holds state power is the elected representatives. Elected representatives are also known as elected democracy. These are representatives who are being chosen through election. Hope this helps.
Answer:
By arguing with old men
Explanation:
This article documents the political career of Abraham Lincoln from the end of his term in the United States House of Representatives in March 1849 to the beginning of his first term as President of the United States in March 1861. After serving a single term in the House of Representatives, Lincoln returned to Springfield, Illinois, where he worked as lawyer. He initially remained a committed member of the Whig Party, but later joined the newly-formed Republican Party after the Whigs collapsed in the wake of the 1854 Kansas–Nebraska Act. In 1858, he launched a challenge to Democratic Senator Stephen A. Douglas. Though Lincoln failed to unseat Douglas, he earned national notoriety for his role in the Lincoln–Douglas debates. He subsequently sought the Republican presidential nomination in the 1860 presidential election, defeating William Seward and others at the 1860 Republican National Convention. Lincoln went on to win the general election by winning the vast majority of the electoral votes cast by Northern states. In response to his election, several Southern states seceded, and the American Civil War would commence in the second month of Lincoln's presidency.
