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Alika [10]
3 years ago
5

Define the marginal cost and marginal benefit and describe the role they play in making a

Business
1 answer:
olga2289 [7]3 years ago
6 0

Answer:

See below

Explanation:

Marginal cost is the expense associated with the production of an extra unit. It is the cost incurred by a business should it produce one more unit.

Marginal benefit is the gain resulting from the sale of one more output. It is the revenue earned from the sale of an extra unit of output.

Marginal benefit is compared to marginal cost to determine if producing and selling an extra unit is profitable or not. If the marginal benefit is greater than marginal cost, selling an extra unit is profitable. In making economic decisions, production should continue as long as the marginal benefit is greater or equal to marginal cost. It must stop when marginal cost is more than marginal benefit.

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In San Francisco, city regulations cap taxi licenses at 1500, creating a system in which demand for taxis exceeds supply and cus
Bingel [31]

Answer: Opportunity

Explanation:

SWOT simply stands for the strengths, the weaknesses, the opportunities, and the threats that a particular business may face. Strengths are the attributes that are necessary to achieve organizational goals and to be successful.

Weaknesses are the attributes that re detrimental to the success of the company or achieving organizational goals.

Opportunities are the external factors that are favorable which can give a competitive advantage to an organization or allow the organization achieve its goals. Threats could hinder the success of the company.

Based on the analysis, the answer is Opportunity.

7 0
3 years ago
Which method of finding employment is good to use if you already know of specific companies that you'd like to work for?
Arturiano [62]
B.) Direct Search should be your answer. Hope this Helped.
8 0
3 years ago
What asset might a bank use as collateral for a mortgage?
Natalka [10]
A house is the most common
8 0
3 years ago
Indicate in which financial statement each item would most likely appear: income statement (I), balance sheet (B), statement of
kherson [118]

Answer:

Assets (B)

Cash from operating activities  (CF)

Dividends  (E)

Equipment  (B)

Expenses  (I)

Liabilities  (B)

Net decrease (or increase) in cash  (CF)

Revenues  (I)

Total liabilities and equity (I)

Explanation:

The balance sheet shows the assets, liabilities and equity of an entity as at a given date.

The income statement shows the revenue and expenses of the entity for the period ended while the statement of retained earnings shows the movements within the retained earnings account during the review period.

The statements of cashflow shows the net flow of cash from the company's activities namely; Operating, investing and financing activities.

4 0
3 years ago
Do you believe that managers spend most of their time working with employees? Justify your answer.
Nutka1998 [239]

Answer:

the answer could be both yes and no. it depends on the industry and the level of the manager.

Explanation:

Managers in the tech-savy or manufacturing industries spend almost an equal amount of time with both employees, machinery and systems while managers in the services industries such as banking, finance, marketing spend most of their time among the employees and clients.

However, regardless of the industry, people management is the most critical and the vital part of a manager.  

5 0
3 years ago
Read 2 more answers
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