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nevsk [136]
3 years ago
8

1. Since we have unlimited needs and wants but only limited resources, we face trade-offs with each decision. Explain how a rati

onal individual would compare the marginal benefit to the marginal cost when making decisions.
Business
1 answer:
Dafna11 [192]3 years ago
7 0

Answer:

Marginal Benefit = Marginal Cost

Explanation:

Rational individual tends to maximise utility, or producers tend to maximise profit - which leads to their utility.

Marginal Benefit & Marginal Benefit are additional Benefit & cost respectively.

He / She should consume at equilibrium point, where Marginal Benefit (Marginal Utility) = Marginal Cost (P). Similarly, Producers produce at equilibrium where Marginal Benefit (Marginal Revenue) = Marginal Cost

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It is the custom for paper mills located alongside the Layzee River to discharge waste products into the river. As a result, ope
Hoochie [10]

Answer:

D) The supply of the output from the hydroelectric power plants to increase

Explanation:

The externality here is a negative one where the hydroelectric plants has to bear the cost of pollution as the paper mills operates.

Correcting means to make the paper mills pay for the external costs of their production and compensate the power plant for the additional cost that incurred as they have to clean up the water.

As the cost of production reduces, the power plant will be more willing to supply electricity at similar prices, ie. their supply curve will shift to the right. It will intersect with the demand curve of the consumers at a point with higher quantity (and maybe lower price)

In other words, they will supply more electricity.

3 0
3 years ago
Exercise 7-6 (Algo) Cash discounts; the gross method [LO7-3] Harwell Company manufactures automobile tires. On July 15, 2021, th
babymother [125]

Answer and Explanation:

1. Journal Entries

July 15                    Accounts Receivable                             $66,000

                                                Sale Revenue                                    $66,000

July 23                   Cash                                                          $64,680

                              Sales discount                                            1320

                                           Accounts Receivable                              66,000

2. Journal Entries

July 15                     Accounts Receivable                             $66,000

                                                Sale Revenue                                    $66,000

August 15                   Cash                                                          $66,000

                                           Accounts Receivable                              66,000

5 0
4 years ago
In which of the following situations is having a good credit score important?
Nezavi [6.7K]
A because if you bought a car you would have good credit score

hope this helped
7 0
3 years ago
Which of the following was one of the first CRM components built to address the issues that sales representatives were strugglin
asambeis [7]

Answer:

The correct answer is (D)

Explanation:

Sales force automation programming will be customising that streamlines the collection, examination and dissemination of information in a business pipeline. Supervisors can utilise SFA programming to screen sales reps' movement and efficiency, and utilise that data to deliver promoting plans and deals forecasts. Enterprise-level programming is typically intended to incorporate with centre monetary applications and incorporates deals capacities, for example, contact the board, an area the executives and opportunity the board.

4 0
4 years ago
In 2019, Brazil's trade deficit as share of GDP widened. In that year, government deficit as share of GDP declined and investmen
ad-work [718]

Answer:

The private savings as a share of the GDP must have declined.

Explanation:

according to the twin deficit hypothesis:

budget deficit = savings + trade deficit - investments

the government deficit as a share of GDP declined and investment as a share of GDP remained constant that means that the savings should decline.

7 0
4 years ago
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