The marginal benefit is a measurement of the amount of satisfaction obtained from consuming an extra unit of a good or service. Satisfaction in consumer theories is called utility.
In order to perform the purchase, the benefit obtained has to be greater than the cost endured. This is the condition for the consumer to be better off after buying. Therefore, the marginal benefit equals the maximum amount of money that a person is willing to pay for a certain good or service.
Answer:
First, Missouri would be admitted to the union as a slave state, but would be balanced by the admission of Maine, a free state, that had long wanted to be separated from Massachusetts. Second, slavery was to be excluded from all new states in the Louisiana Purchase north of the southern boundary of Missouri.
Answer:
Internet Engineering Steering Committee
Explanation:
The Internet Engineering Steering Committee is the department responsible for the IETF technical management and the Internet standards process. This department works according to internet society guidelines and is responsible for the movement and specification of internet standards.
Economic growth can be defined as a society's increased ability to produce goods and services in a specific time period. Because more goods and services are needed, more people need to work in order to meet the demand. Because more money is flowing within the society to purchase these goods and services, it is possible to pay employees a higher wage. Therefore, when economic growth can be sustained, it provides more job opportunities and a higher income. This ultimately lead to a higher standard of living.
Schools whose students are of only one race or ethnicity sometimes combine with other schools to include students from a variety of ethnic backgrounds. This process is called blended learning.
<h3>What is blended learning?</h3>
Blended learning, is an educational technique that combines traditional classroom procedures with online instructional materials and opportunities for online involvement.
It necessitates the physical presence of both the teacher and the students, as well as some student control over time, place, path, or pace.
Thus it is called blended learning.
For more details about blended learning, click here
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