Answer:
marginal benefit.
Explanation:
Marginal benefit is the increase in benefit as a result of an increase in an activity.
For example, if the utility you derive from consuming 3 cones of ice cream is 20 utils. If you consume 1 extra one, utility increases to 25 utils.
Marginal utility is 25 utils - 20 utils = 5 utils
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.
the law of diminishing returns which says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.
Marginal cost is the increase in cost as a result of an increase in an activity.
A surplus of a product will arise when price is, above equilibrium, with the result that quantity supplied exceeds quantity demanded.
<h3>What will a surplus of a product lead to?</h3>
The amount of utility or value that consumers and producers receive as a result of transactions is referred to as surplus in economic theory. Karl Marx explicitly theorized the economic idea of surplus product in his critique of political economy.
When the amount supplied exceeds the amount required, there is an excess supply, which is known as a market surplus. Consequently, some producers won't be able to sell all of their products. To make their goods more appealing, they will be compelled by this to reduce its price. Every producer and consumer in an economy seeks to increase excess in order to increase utility.
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Explanation:
The phrase taxation without representation describes a populace that is required to pay taxes to a government authority without having any say in that government's policies. The term has its origin in a slogan of the American colonials against their British rulers: "Taxation without representation is tyranny
Answer:
- Minimum ⇒ 2.9 minutes
- Maximum ⇒ 17 minutes
Explanation:
Minimum cycle time ⇒ This is the time taken for the longest task to be completed. In this case that is 2.9 minutes.
Maximum cycle time ⇒ This is the time taken for all the tasks to be completed. In this case that is 17 minutes.
Answer and Explanation:
The computation of the amount considered as US sourced income is as follows;
= $5,000 × 10 days ÷ 20 days
= $2,500
The following are the requirement related to the fully exempt US source income is as follows:
1. The service should be perfomed by an United States NRA for 90 days or less
2. The compensation should not be more than $3,000
3. The service should be performed on behalf of
a. NRA, foreign corporation or partnership who not engaged in US trade
b. The office should be maintained in US by an individual who should be the citizen of US
So the same is not allowed for exemption