<u>Marginal Costs & Marginal benefits in a choice you made.</u>
Assume that I want to buy an ornament for hands. I spend $500 for purchasing an ornament. When I was supposed to see another I wish to buy that. But spending again for the ornaments also not a good idea. I am also not willing in spending $500 for the ornament. So, I decided to go for an ornament that costed only $250. No, my marginal benefit get decreased from $500 to $250. When I decided to go fro the second one or more than one of same good my marginal benefits decrease.
Marginal cost is something that changes in a smaller range in the production of one additional unit. For example I decide to manufacture 500 pens. i need raw materials for the production and a building and machine for production. The change in the cost or expenses that happens when I decide to produce 600 pens is the marginal cost.
Answer:
Politician like William M. Tweed, more known as Boss Tweed, was similar to industrial magnate like Carnegie and Rockefeller because he, like Carnegie and Rockefeller, had a lot of control over different things. He was an advisor at the gas companies and various banks, he was a director of the Erie Railroads so all of these possesions directly linked him to events happening in the country - U.S. economy and government related events.
last one people may become reluctant.
Explanation:
Since the intrest is lower, that means you wouldnt have to pay as much, that means people would borrow more not less
At the mall, homer bought a personalized astrolabe for himself instead of the family Christmas tree he was planning to buy.
In "Tis the Fifteenth Season," we learn that Homer took his family to Springfields Height Promenade.
There instead of purchasing the Christmas tree which he had saved up for, he rather purchased a personalized Astrolabe for himself.
Then, for other members of his family, he purchased keychains.
Learn more about Homer here:
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