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kramer
2 years ago
8

PLEASE HELP ME ILL MAKE YOU BRAINLIEST

Business
1 answer:
blagie [28]2 years ago
7 0

Answer:

C

Explanation:

Hope this helps!

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Marginal benefit is the * 1 point a) increase in net benefit that a person receives from consuming another unit of a good. b) ad
Svetlanka [38]

Answer:

d) change in total benefit that occurs when a person consumes another unit of the good.

Explanation:

Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.

Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.

Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.

This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.

Furthermore, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.

Marginal benefit can be defined as the highest amount of money (in dollars) that a consumer (buyer) is willing to pay to a seller in order to acquire an additional unit of a product i.e one more unit of the product.

Hence, marginal benefit would be described as the change in total benefit that occurs when a person consumes another unit of the good.

5 0
2 years ago
In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price minimum ave
Pepsi [2]

Answer:

A. minimum average variable cost exceeds price.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market

In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

6 0
3 years ago
OK I need to think of a name for my business. My business I want to make will have lip gloss,bath bombs, necklaces, rings and ot
SIZIF [17.4K]

Answer:

Halonia

Explanation:

Sounds very unique and different. Very eye catching. Sounds girly but not too girly.

5 0
2 years ago
What is a union? An organization of obstetricians that collectively decides what the best practices for delivering babies should
finlep [7]

Answer:

An organization of workers that negotiates with employers, as a group, over wages and working conditions. ‌‎­‍­­‌‍​​‍​‍​‌​᠎​‌‌‍​​‌⁠​​‎‎‎‎‎‎‎‎

Explanation:

7 0
2 years ago
You are a senior manager at a U.S. automobile company investing in production facilities in China, Russia, or Germany. These fac
Dvinal [7]

Answer:

In general, China, Russia and Germany are three big countries; the automobile company will get benefits if it chooses any of the three countries, but it also faces some challenges. It is well known in Germany that the automobile industry is very powerful. If the company chooses to invest in Germany, it will face numerous competitors. Also, in Russia, the trade barriers will be obstacles for the entry of the automobile company. However, with China's low cost labor and large potential domestic market make it an attractive destination for the direct foreign investment.

Explanation:

4 0
3 years ago
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