Read the following statements and determine if the character is using marginal analysis to make economic decision. Ava decides whether or not she should spend an additional hour per day welding burn barrels by looking at how much that hour will produce. Miranda is pondering whether adding one more painting for her artinstallation will make the audience's experience better or worse. D. A. calculates how many pounds of brisket he needs to eat on a daily basis to survive by looking at the total number of calories he needs. Anna decides whether she should devote another day towards studying for her music theory exam or if she can instead spend it practicing the viola. Andrea decides how much fabric she needs for her new costume-making business this month by using the total she used last month

Question

Business

Tinker

24 November, 04:32

Read the following statements and determine if the character is using marginal analysis to make economic decision. Ava decides whether or not she should spend an additional hour per day welding burn barrels by looking at how much that hour will produce. Miranda is pondering whether adding one more painting for her artinstallation will make the audience's experience better or worse. D. A. calculates how many pounds of brisket he needs to eat on a daily basis to survive by looking at the total number of calories he needs. Anna decides whether she should devote another day towards studying for her music theory exam or if she can instead spend it practicing the viola. Andrea decides how much fabric she needs for her new costume-making business this month by using the total she used last month

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Stephen · Answer 1

Ava decides whether or not she should spend an additional hour per day welding burn barrels by looking at how much that hour will produce.

Explanation:

Marginal Analysis is a method of making profit maximization decision in any economic activity. It stipulates that, company should keep making goods until marginal cost of production becomes equal to marginal cost. This objective achieves profit maximization objective. marginal cost is the cost which is incurred to produce one additional unit to the total already produce. It has an increasing trend with additional unit.

Many of the options given are not economic activity.