In economic terms, marginal is another word for: C. additional
Let's say that you need to consume 2 hamburgers to be fully satisfied. The marginal cost refer to the additional cost that you need to pay to acquire the second hamburgers
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Answer:
A. Pure project A project manager leads personnel from different functional areas = Team members can work on several projects. Duplication of resources is minimized.
B. Functional project Personnel work on a dedicated project team = Team pride, motivation, and commitment are high.
C. Matrix project A team member reports to two bosses = The project is housed within a functional division of the firm.
Explanation:
For A answer, this kind of project management conducts the people, to work on a multitasking way, because they have to accomplish the responsibilities on their functional area as the same that they must accomplished their responsibilities on the project areas. This can minimized the resources for the project but could impact negatively on the compliment of responsibilities because is the same person for two work fronts.
For B answer, if the people can focus their efforts only in the project, that creates more interest on reach the goals efficiently than if the team were distributed on functional and projects departments
For C answer, when the project is developed in a functional division of the firm, you, as a team project member, must report to the project manager and your functional area boss.
Answer:
going out to eat,
Explanation:
In this scenario, the opportunity cost would be going out to eat, which is what you are giving up doing. Opportunity cost is just that, whatever you give up in order to accept another opportunity between two or more choices. In this scenario, the two choices were going to the movies or going out to eat, since you chose to go to the movies your opportunity cost was going out to eat. If you would have chosen to go out to eat, then your opportunity cost would have instead been going to the movies since you gave that up.
Answer:
c. 12 pairs of jeans per pair of shoes
Explanation:
Suppose that Spain and Germany both produce jeans and shoes.
Spain's opportunity cost of producing a pair of shoes is 5 pairs of jeans Germany's opportunity cost of producing a pair of shoes is 10 pairs of jeans.
By comparing the opportunity cost of producing shoes in the two countries, you can tell that__Spain__ has a comparative advantage in the production of shoes and _Germany__has a comparative advantage in the production of jeans.
Similarly, Germany can gain from trade as long as it receives more than 10 pair of shoes for each pair of jeans it exports to Spain.
Based on your answer to the last question, which of the following terms of trade (that is, price of shoes in terms of jeans) would allow both Germany and Spain to gain from trade?
c. 12 pairs of jeans per pair of shoes
