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Deciding whether to do or use one additional unit of some resource

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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?

Commitment is a value that should be present in deciding whether to create an international food relief program. Problems such as corruption and too much dependency on behalf of the country receiving the help is at risk. In some situations, government agents demand bribes to distribute aid; other times, the distribution is just not managed well. (1) assessment of food supplies (2) determination of the nutritional needs (3) calculation of daily food needs, and (4) surveillance of food distribution all should be considered.


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?

Yes i is. Though some people say it is a renewable resource too. But, scientificly approved, it is considered a non-renewable resource because it takes too long to renew its self. Ask more questions if you need any more data! I am glad to help!


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.

Related Questions

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 are some important factors to consider when deciding whether to replace old bike helmets?

When deciding whether to replace old bike helmets, important factors to consider include the age of the helmet, any visible damage or cracks, changes in fit or comfort, and adherence to manufacturer's recommendations for replacement intervals. It is recommended to replace helmets every 5-10 years, depending on usage and exposure to impact.


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 important considerations when deciding whether to house bettas and neon tetras together in the same aquarium?

When deciding whether to house bettas and neon tetras together in the same aquarium, important considerations include the compatibility of their water temperature, tank size, and the betta's aggressive behavior towards other fish. It is crucial to provide enough hiding spots and space to prevent aggression and ensure the well-being of both species.


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 some natural resource's in Mississippi?

It's resources, not resource's, as the resources do not own anything.