Marginal benefit is more than marginal cost that is why some people more than others enjoy buying a lot of shoes.
Explanation:
When marginal benefit is more than marginal cost the resources were used more efficiently, when there is increase in the quantity. Marginal cost is the cost incurred by producing one extra unit of the commodity. Marginal benefit is referred to as the extra benefit received by consuming one extra unit of the benefit.
in case of shoes the consumer will buy more shoes because he or she is getting extra benefit by consuming one extra unit but when the marginal cost becomes more than the marginal benefit he or she will not like the benefit because the consumer has to pay more for using the benefit.
It would be the totalitarian government. hope it helped.
Privatise is transfer a business from public to private ownership and control.
Social insurance is a concept where the government intervenes in the insurance market to ensure that a group of individuals are insured or protected against the risk of any emergencies that lead to financial problems.
Answer:
Why were corporations formed in the 1800s?
Corporations were formed because small, family owned businesses needed to expand but didn't have enough capital. They were run by buying stock or a share in the ownership of the company.
Explanation:
A canon? im not sure though
