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What is Marginal analyzes?

Marginal analysis is an economic technique used to compare the additional benefits and costs of a decision or action. It focuses on the incremental changes that result from a specific choice, helping individuals and businesses to determine the optimal level of production or consumption. By evaluating the marginal benefit against the marginal cost, decision-makers can identify the most efficient allocation of resources. This approach is essential for maximizing profit and minimizing waste in various economic situations.


when of these is not a benefit of economic democracy?

it eliminates free choice


Which of the following tools is most central to rational choice A. Product information B. A powerful computer C. Marginal analysis D. Cost-benefit analysis?

Product information


Marginal analysis in decision making?

Rational choice


How do you write a feasibility study on bakery?

carry out a feasibility study on an enterprise of your choice and pointing out the social economic benefit to your community.


What is the opposite of economic choice?

non-economic choice


What does making a choice at the margin mean?

Making a choice by comparing total benefit to total cost.


How does socio-economic environment influence choice career?

how does influence our choice of career


How does socio-economic environment influence career choice?

how does influence our choice of career


What lets people make an economic choice?

people choose economic choice because they want to earn money for their family also for themselves.


What is economic food choice?

vegeterian food


What are the basic economic choices?

first of all, ask yourself the definition of economic choice