Ask Question
BusinessBusiness
12 January, 14:47

As a consumer, you decide to go to a movie: Your answer: if the marginal cost of the movie exceeds its marginal benefit. if the marginal benefit of the movie exceeds its marginal cost. if your income will allow you to buy a ticket. because all movies are enjoyable. if the movie costs more than going to a restaurant.

+3
Answers (1)
  1. 12 January, 16:43
    0
    Answer: if the marginal benefit of the movie exceeds its marginal cost.

    Explanation: Marginal benefit refers to the benefit a consumer gets by consuming one additional unit of a good or service. Similarly, the cost of producing or acquiring one additional unit of any good or service is called marginal cost.

    The difference between marginal cost and marginal benefit is the utility benefit received by a consumer. Thus, in order to watch a movie the marginal benefit from watching a movie must exceed its marginal cost.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “As a consumer, you decide to go to a movie: Your answer: if the marginal cost of the movie exceeds its marginal benefit. if the marginal ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Presented below are a number of operational guidelines and practices that have developed over time. Select the assumption, principle, or constraint that most appropriately justifies these procedures and practices.
Answers (1)
Requiring industries to recycle 25% of plastics in their manufacturing process is an example of:
Answers (1)
According to smith, when private individuals are left free to seek their own interests in free markets, they will inevitably be led to further the public welfare by an "invisible hand"
Answers (1)
During which of the following Project Schedule Management processes does the team estimate the number of work periods that will be required to complete a schedule activity, usually expressed as workdays or work weeks
Answers (1)
What importance is the check printing to the bank? 2. on a check printing order? 3. of check printing for this bank? 4. for check printing? 5. Carson here? 6.
Answers (1)
New Questions in Business
Gaston owns equipment that cost $17,000 with accumulated depreciation of $3,400. Gaston sells the equipment for $12,200.
Answers (1)
If the supply of loanable funds exceeds the demand then borrowers will bid up the interst rate. True / False.
Answers (1)
The scientific method begins with A. the development of a formal hypothesis. B. the gathering of information. C. the identification of a problem for investigation. D. methodical observation of a phenomenon of interest.
Answers (1)
Charles loves watching downton abbey on his local public tv station, but he never sends any money to support the station during its fundraising drives. economists would call charles afree rider.
Answers (1)
Georgina is the owner of a company called piquant (which means having a pleasantly sharp taste or appetizing flavor).
Answers (1)
Home » Business » As a consumer, you decide to go to a movie: Your answer: if the marginal cost of the movie exceeds its marginal benefit. if the marginal benefit of the movie exceeds its marginal cost. if your income will allow you to buy a ticket.
Sign Up Forgot Password?