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Dafna11 [192]
3 years ago
9

It is better to evaluate economic decisions at the marginal, where the decision has to be made as long as its marginal benefit e

xceeds its marginal cost, if not equal to its marginal cost.
A. True
B. False
Business
1 answer:
BartSMP [9]3 years ago
5 0

Answer: True

Explanation:

Output is always maximised where Marginal Benefit is above Marginal Cost. Ideally speaking, Marginal Benefits should be equal to Marginal Costs but Marginal Benefits being greater than cost is still a good thing because it means that there is still room for expansion until such a point as the MB = MC.

However, if it starts costing more per unit to gain a benefit per unit MB < MC, the decision makers can know to limit the activity because this will cause losses. This is why it is better to make decisions at a Marginal level so that one may know when output is maximised as well as when to rein in production.

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A profit maximizing monopoly's price is
DaniilM [7]

The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost: that is, MR = MC.

8 0
2 years ago
In the past,men were paid more than women for the same work​
RSB [31]

Answer:

where's the question?

3 0
2 years ago
Read 2 more answers
Tommy agrees to buy a house for $84,500. He pays $2,000 as earnest money and obtains a new mortgage loan for $67,600. The purcha
nasty-shy [4]

Answer: $17,654.97

Explanation:

In order to solve the question, the first thing to do is to count the number of days from March 15 to Dec. 31. In this case, we will have 292 days.

Then we get the daily rate which will be:

= $1,880.96/365

= $5.153.

Then, we multiply the daily rate of $5.153 by the number of days which will be:

= $5153 × 292 days

= $1,504.97.

Then, we calculate the down payment, which will be:

= $84,500 - $67,600

= $16,900

We then deduct the $2,000 that has already been paid. This will be:

= $16900 - $2000

= $14900

Adding together all the values then the total cash that Tommy must bring to the settlement will be:

= $14900 + $1,504.97 + $1,250

= $17,654.97

8 0
3 years ago
Unearned Rent Revenue is
Alex Ar [27]

Answer:

The correct answer is option B.

Explanation:

The unearned rent revenue will be reported as a current liability. The reason behind this is that unearned revenue is prepaid revenue or advance payments for goods or services that the firm has to provide in the future.  

Unearned revenue is a liability because the goods or services are yet to be provided and there is a chance that the order might get canceled, or seller might not be able to provide to them.

5 0
3 years ago
The federal funds rate is the interest rate that banks charge one another for short-term (typically overnight) loans. When the F
WARRIOR [948]

Answer: decreases

                                                                         

Explanation: The following practice is done by the central bank in the situation of inflation when there is an excess supply of money in the economy.

The central bank tries to decrease the funds by selling the govt bonds to the banks. This results in decrease in funds from banks as they have to buy such bonds from their respective funds.

6 0
3 years ago
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