Answer: See explanation
Explanation:
Marginal analysis are applied by the consumers when they make decisions and this simply means that when making a decision, they look at the marginal benefit and the marginal cost and then make a comparison.
In this scenario, rides will be allocated based on time costs that have been incurred as the individuals who have time and can wait longer or like a particular ride or those will wait till they have their preferred ride. On the other hand, the individuals who doesn't have much time will be willing to take another ride even if it's not what they really like.
This relates to demand and supply because increase in demand for a particular product will lead to lesser supply and will lead to few people getting what they want as there'll be scarcity or increase in the price for that product. In such cases, consumers may go to the substitute of that particular product.
First its very efficent.it runs really fast and produces twice as mutch pruducts. on the other hand its like a nuclear bomb
Historical is the correct answer :)
Answer:
Every economic decision has <u>many</u> trade-offs, but only <u>one</u> opportunity cost.
Explanation:
Every economic decision as well as every decision involves trade-offs as a there are many other options or choices of investments as there are many other ways to make use of the companies resources. However for businesses, and economics in general the opportunity cost is the alternative forgone which is a comparison between two items, such as the item of most value whose production is stopped due to the economic decision to manufacture an alternative product. As such for opportunity cost, there is a direct comparison between two items
Therefore, every economic decision has many trade-offs, but only one opportunity cost.
