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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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Sammy says, “I don’t think it’s fair that I have to pay for car insurance when I’m a super safe driver.” Explain why this logic
Anvisha [2.4K]

Answer:

Car insurance isn't in place for people who are bad drivers, although I'm sure it helps them too. It's in place for situations you can never predict. Just because you're a good driver doesn't mean the people around you aren't. You have no control of other people's actions, so you might actually need that insurance Sammy.

Explanation:

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6 0
3 years ago
As miles considers approaching a venture capital firm to provide funding for his new mobile app, he should realize that a ventur
Kobotan [32]

As miles consider approaching a venture capital firm to provide funding for his new mobile app, he should realize that a venture capital firm will probably want an ownership interest in the business.

The capital of a corporation is the money it has daily to pay for its operations and every day fund its destiny growth. The 4 essential sorts of capital consist of going for walks capital, debt, equity, and buying and selling capital. shopping for and promoting capital is utilized by brokerages and different financial establishments.

In the company, capital method the coins an agency desires every day feature and make bigger. normal examples of capital consist of cash at hand and bills receivable, close to cash, fairness, and capital belongings. Capital assets are massive, lengthy-term assets no longer intended normally be bought as part of your ordinary organization.

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8 0
2 years ago
The owner of a national software company has been watching current economic information for the past two quarters and a rapid ri
LuckyWell [14K]

The owner is making this long-run decision based on his rational expectations of economic growth to meet future demands.

<h3 /><h3>What are long term decisions?</h3>

They are a strategic process that means designing an economic scenario based on perspectives, vision and organizational goals, with short-run decisions being the actions present to achieve long-run objectives.

Therefore, the owner is making long-run decisions in line with his expectations for the future of the business by looking at the current economic scenario.

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4 0
2 years ago
Arreaga Corp. has a tax rate of 40 percent and income before non-operating items of $928,000. It also has the following items (g
Sedbober [7]

Answer: $324,800

Explanation:

It is a general Principle that when calculating income tax expense, that the Extraordinary loss is treated separately because it is not a usual thing.

The income gained from changing the Accounting principle is not included as well.

The Taxable income to be recorded therefore is,

Taxable income = Income + Gain on disposal - Unusual loss (due to its infrequency)

Taxable income = 928,000 + 32,000 - 148,000

Taxable income = $812,000

Tax expense would therefore be,

= 812,000 * 40%

= $324,800

$324,800 is the amount of income tax expense Arreaga would report on its income statement.

3 0
3 years ago
Which dimension of project management centers on creating a temporary social system within a larger organizational environment t
xxMikexx [17]

Answer:

Sociocultural

Explanation:

Sociocultural dimension of project management focuses on the organization culture that is set of values, assumptions, behaviors shared by organizational members.

3 0
4 years ago
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