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What are you doing when you make a decision at the margin?

In Economics, marginal decision making helps to analyze various factors. When you make a decision at the margin, you evaluate rationality in an attempt to come to the best choice.


How are contribution margin and gross margin used for decision-making and measurement?

investment, financial markets, business accounting


Which is not type of decision that can be made at the margin?

whether or not to go on vacation


Which is not a type of decision that can be made at margin?

A) wheather of not to hire 100 new workers


When you are thinking on the margin the which factor should most influence your decision is?

opportunity cost


Which is not a type of decision that can be made at the margin?

A) wheather of not to hire 100 new workers


What does thinking at the margin mean?

Thinking about the costs and benefits of making changes in behavior. when you make a decision, most people think on the margin, meaning they think about the positive and negative benefits of making one decision rather than another.


What kind of decision cannot be made at the margin?

whether to spend your two-week vacation on the shore or in town


How does the concept of intensive margin impact the decision-making process in business operations?

The concept of intensive margin refers to the level of output or activity within an existing range of products or services. In business operations, understanding the intensive margin can help decision-makers optimize resources and focus on improving efficiency and profitability within their current offerings. By analyzing and adjusting the intensive margin, businesses can make informed decisions on how to allocate resources, streamline processes, and enhance overall performance.


Is it wise to obtain Extension Of Credit through secured Margin Stock?

Follow your heart, it will lead you to the right decision


Making a decision at the margins is possible only in situations where?

Making a decision at the margin is possible only in situations when the available alternatives can be divided into increments.


When you are thinking on the margin the factor that should most influence your decision is most closely described by which of the following terms?

opportunity cost