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Deciding whether to do or use one additional unit of some resource?
Wiki User
∙ 8y ago
Deciding whether to do or use one additional unit of some resource
Wiki User
∙ 8y ago
When deciding whether to use one additional unit of a resource, consider the marginal benefit it will provide compared to the additional cost or effort required. If the marginal benefit is greater than the marginal cost, it may be worth utilizing the additional unit. However, if the marginal cost exceeds the benefit, it may be more efficient to forgo using the additional unit.
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What is deciding whether to do or use one additional unit of some resource?
The marginal analysis is the concept that considers the costs and benefits associated with using or producing one additional unit of a resource. By comparing the additional cost of producing or using that unit with the additional benefit gained from it, decision-makers can determine whether it is worthwhile to proceed with that action. If the additional benefit exceeds the additional cost, it is typically seen as favorable to utilize that extra unit of resource.
What are the values involved in deciding whether to create a international food relief program?
Values involved in deciding to create an international food relief program may include humanitarianism, justice, equality, sustainability, and compassion. These values guide the decision-making process and highlight the importance of addressing food insecurity on a global scale.
What does inexhaustible resource mean?
An inexhaustible resource is a natural resource that is virtually unlimited in supply and cannot be depleted by human use. Examples include solar energy, wind energy, and tidal energy, which can be continuously replenished by natural processes.
Is iron a non renewable resource?
Iron is a renewable resource because it is abundant in the Earth's crust and can be continually recycled and reused. Mining and smelting activities can impact the environment, but as long as iron is recycled and managed sustainably, it can be considered a renewable resource.
If an alternative resource could successfully replace crude oil how might the use of that resource affect the environment?
The use of an alternative resource to replace crude oil could potentially have environmental benefits by reducing carbon emissions and air pollution. However, the environmental impact would depend on the specific alternative resource used, as some may still have negative consequences such as habitat destruction or increased water usage. It is important to consider the full life cycle of the alternative resource to accurately assess its environmental impact.
What is deciding whether to do or use one additional unit of some resource?
The marginal analysis is the concept that considers the costs and benefits associated with using or producing one additional unit of a resource. By comparing the additional cost of producing or using that unit with the additional benefit gained from it, decision-makers can determine whether it is worthwhile to proceed with that action. If the additional benefit exceeds the additional cost, it is typically seen as favorable to utilize that extra unit of resource.
What are some important factors when deciding whether to cancel your authorization?
Whether the document has been amended
What are some things to consider before deciding whether or not to sell your cash for annuity investments?
There are a wide variety of aspects to consider before deciding whether or not to sell your cash for annuity investments. One must consider whether the investments are reliable and secure.
Is there water on the moon that humans can drink?
Scientists think there might be some water in the polar regions of the moon. They have to sample it first before deciding whether or not the water is potable.
Are there enough jobs for the future?
It is difficult to say whether or not there will be jobs for the future when job openings can depend so heavily on the economy. This is a deciding factor as to whether or not some larger companies hire new personnel. However, journalists will always be needed to report the news.
What difficulties are there in deciding the meaning of the words of the constitution?
Some of the difficulties in deciding the meaning of some of the constitution is because of the time it was written. Language has changed drastically over the years.
What are some examples of energy resource?
i dont no?
What personal characteristics do you look for in deciding whether someone is a capable leader?
It really depends on what you're looking for them to be a leader over. However, some generic characteristics are knowledge in the area they are leading, confidence, and good communication skills.
Is diamond a major resource?
In some geographies, yes, diamond is a major resource.
What are the key human resource issues?
human resource some key issues
What are some natural resource's in Mississippi?
It's resources, not resource's, as the resources do not own anything.
What are some important issues to considered upon deciding about how to proceed?
In deciding how to proceed, you must go eat a slice of your momma's chocolate chip banana bread.
