Economists use the word marginal to mean an extra or additional benefit or cost of a decision. an optimal decision occurs when
a. marginal benefit equals marginal cost.
b. marginal cost is zero.
c. marginal benefit is maximized.
d. marginal benefit is greater than marginal cost.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Economists use the word marginal to mean an extra or additional benefit or cost of a decision. an optimal decision occurs when a. 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
Mary's Flower Boutique needs to ship finished goods from its manufacturing facility to its distribution warehouse. Annual demand for the Flower Boutique is 2000 flowers.
Answers (1)
The grant of a patent is a limited "monopoly" and can run counter to the antitrust principle encouraging free and open markets. a. true b. false
Answers (1)
Oliveras Company had net credit sales during the year of $800,000 and cost of goods sold of $500,000. The balance in accounts receivable at the beginning of the year was $100,000, and the end of the year it was $150,000.
Answers (1)
Match the technologies with the statements that most accurately describe them to test your understanding of how microorganisms are useful in society today.
Answers (1)
Browne, a self-employed taxpayer, has 2018 business net income of $15,000 prior to any expense deduction for equipment purchases. In 2018, Browne purchases and places into service, for business use, office machinery costing $20,000.
Answers (1)
New Questions in Business
Specialization and the division of labor typically result in
Answers (1)
Asking yourself "What can I do to build a loyal customer base?" is an example of A. multitasking. B. research. C. creativity. D. bottom line.
Answers (1)
A service animals can be a cut snake miniature horse kangaroo none of the above
Answers (1)
Patel Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made. 1.
Answers (1)
Why is teen crashes a problem, especially for teen drivers?
Answers (2)