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DiKsa [7]
3 years ago
11

Explain the importance of total costs and marginal costs in making good buisness decision

Social Studies
1 answer:
anastassius [24]3 years ago
7 0

Answer:

Business production goals must consider the costs of manufacturing and the ... you make from producing more goods, while marginal cost is the expense of producing them. How Does Margin Analysis Help Business People in Decision Making? When an existing customer buys at discounted prices instead of paying full prices

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Explanation:

Informational social influence is a psychological or social phenomenon that describes the tendency of an individual to accept the information of others we consider accurate and correct most especially when faced with ambiguity or obscurity. We simply conform to the opinions of others we believe have an accurate information we seem not to have. In such situation, we simply conform to what they are doing because we believe they are right.

When participants in an experiment conform to others' answers as explained in the scenario given in the question, we can infer that it best illustrates the <em>impact of informational social influence</em> rather than influence from peers.

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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