It is part of the marginal benefit
hope this helps you
The answer is B. By covered wagon
Answer:
measuring production levels
Explanation:
Economic rational choices refers to a scientific frameworks that a person or a group can use in order to fulfill all of their interests and needs. The means are the things that we can use before we make those rational choices
To make a rational economic choices, there are several steps that generally need to be followed:
Understanding what want to be achieved - analyzing the resources that we possess to achieve it - formulating potential plans - assessing cost and benefit of our action - choosing the best plans.
Measuring production levels is an activity that we do after the plan is already executed. Is not something that we do before we make the choice.
Answer:
This is an example of:
B. lowering prices for customers.
Explanation:
<u>In a competitive market, it is common for companies to try and offer a cheaper product. In most situations, being cheaper means the product has more chances of attracting customers when compared to expensive ones. A way to make a cheaper product is by decreasing production costs using cheaper materials, as is mentioned in the question.</u> Of course, the product will have its price lowered, but its quality may also decrease with the use of a cheaper material. Anyway, the situation described is an example of lowering prices for customers.
The answer you are looking for is option B
