Answer:
b. his marginal benefit of the additional serving is at least $3.
Explanation:
In economic thinking, a firm or an individual will make profits as long as marginal revenue exceeds marginal costs. Losses occur when marginal cost is more than the marginal revenue.
For Jim to breakeven at the restaurant, he has to consume meals worth at least $12. If Jim is consuming servings that are of equal value, four servings of $3, each will add up to $12. For Jim to consider a fourth serving, then it must be worth at least $ 3. Should be meal exceed $ 3 and assuming the first three meals were of equal value, Jim will have benefited from the offer.
She would probably get less customers because she no longer contributes to charity
Answer:
a. is equal to
b. is greater than
c. less than
Explanation:
The difference between variable costing and absorption costing methods is that the overheads are treated differently. While absorption costing method does not differentiate the fixed manufacturing overheads from the variable manufacturing costs, the variable costing method only accounts for the variable elements of all costs, whether manufacturing cost or not.
Loose valuable customers
Loose the trust of the people
The business might run a loss
16 questions. Each question is worth 5 % 16 ×5 = 80.
