Answer:
less than the marginal social cost of providing it.
Explanation:
A market produces too much of a good when the price of the good is less than the marginal social cost of providing it.
No consumer would willingly pay for an efficient quantity of a public good, because the marginal benefit to a consumer is less than the marginal social benefit.
Also, If the marginal social benefit received from a good is less than the marginal social cost of production, then society's well-being can be improved if production decreases.
In the steps of the decision making process for major purchases, for me, the most difficult is the part of making the decision itself. Information are already gathered, the goals are presented as well as the consequences, but there are times that your actual decision is overpowered by self-interest instead of objectivity. Hope this helps.
Answer: Gender and marital status and Job title.
Explanation:
Ratio scale simply refers to a form of quantitative variable measurement scale whereby differences can be compared by the researcher.
Of the options given among variables listed are considered to be ratio level data are gender, marital status and Job title.
Economies of scale refers to the fact that as the quantity of product produced in a given time period <u>increase</u>, the cost of manufacturing each unit <u>decreases</u>.
<h3>What is Economies of scale?</h3>
Economies of scale can be defined as the benefit a company or organization enjoy for expanding their business or the cost benefit a business derived when they increases their level of output.
Therefore Economies of scale refers to the fact that as the quantity of product produced in a given time period <u>increase</u>, the cost of manufacturing each unit<u> decreases.</u>
Learn more about economies of scale here:brainly.com/question/780900
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