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What is marginal analysis?
A type of cost-benefit decision making that compares the extra benefits to the extra costs of an action
Opportunity cost definition?
The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.
What is Opportunity cost determined by?
The opportunity cost of doing action A is not doing action B. So, the opportunity cost theoretically depends upon how much you value action A over action B (ie, value of action A - value of action B).
What happens when marginal cost exceeds average total cost?
MC is the cost of producing one extra good, so if the cost of producing that one extra good is above the average, then the ATC increases.
Explain why retained earnings have an associated opportunity cost?
Retained earnings have an opportunity cost associated with them because they can be invested to earn more rather than keeping them idle. For example reatined earnings can be invested in a savings account in a bank and earn interest but if this is not done the are loosing some extra income and so if they are invested somewhere else, the bank rate will be the opportunity that has been lost. Opportunity cost is the real cost of choosing one thing and not another.
The extra cost associated with udertaking an activity is called?
Read the book
What is marginal analysis?
A type of cost-benefit decision making that compares the extra benefits to the extra costs of an action
Will there be extra charges per month with a iPhone 4S?
If you are upgrading from a previous iPhone model it will cost you more either for the upfront cost or rental in some cases both. There are no other associated extra charges apart from what you agree in your contract.
Does sr22 cost extra in California?
The Cost of the Actual SR22 certificate is usually little or nill, It's the associated Offense that may affect your Auto Insurance Rate
Does risk considered cost?
Risk is considered a cost of any type of business or action in life. Often risk may have a great cost but the rewards associated with taken this risk can be even greater.
What is the past tense of bear the cost?
The past tense of "bear the cost" is "bore the cost." In this form, "bear" changes to "bore," reflecting the action of having previously taken on the expenses or burdens associated with something.
Does it cost extra to call Hawaiik?
Does it cost extra to call Hawaii?
What are directly attributable costs?
Cost that is directly associated with the product. eg: if you buy any product on line then you have to pay extra price for its transportation cost or sometimes it is already included in the price of the product.
Define the term 'supplementary cost'?
Supplementary cost is the general cost of an undertaking as a whole including administration, interest, taxes, general maintenance, depreciation, and obsolescence.
What is the cost of a large egg?
the cost of an extra large egg has the same cost on an extra large DICK
Does it cost extra for flower delivery?
It does cost extra for flower delivery. The extra cost of flower delivery will depend on the amount of flowers and the distance from the flower shop.
Can you take guinea pigs on the Disney cruise without extra cost?
No. It will cost you extra.
