0
What else can I help you with?
What happens if the marginal benefit is greater than the marginal cost?
If the marginal benefit is greater than the marginal cost, it indicates that the additional benefit gained from an action outweighs the additional cost incurred. This scenario suggests that the action is economically favorable and should be pursued, as it leads to an overall increase in welfare or profit. Consequently, decision-makers are likely to continue with the action until the marginal benefits and marginal costs become equal.
What are 3 benefits from specialization?
There are three benefits of specialization. The three benefits are cost, skill and host.
What is the equation for marginal net benefits?
Marginal net benefits= Marginal benefit- Marginal cost
What are the benefits of Marginal cost?
At first, marginal cost decreases due to specialization of workers. Then, MC begins to increase steadily. The only benefits of MC are in the period of specialization.
Cost per capita?
WHAT IS THE MEANING OF COST PER CAPITA
Does the cost outweigh the benefits or the benefits outweigh the cost?
It depends on the item and price. A roll of toilet paper at $10.00 would be cost outweighs the benefits. A prescription of antibiotics at $4.00 would be the benefits outweigh the cost.
Is Transferability a spatial interaction concept related to the costs of overcoming the distance between two places?
yes. If the cost outweighs the benefits then it's not worth it.
What are the negatives of a Vertu cell phone?
The negatives of a Vertu cell phone is that the price for such a cell phone is quite high and if one was to accidentally break it, the cost of the replacement outweighs the benefits.
How does the price of DSL internet services compare to dial-up?
Most dial up service is free or under 10.00 now where DSL ranges about 20.00 and up depending on the speed. The cost of DSL far outweighs the benefits over dial up.
What is a boat that transpoarts cars and people?
a boat that transports people and cars is usually called a ferry most often used for crossing a river,or from a mainland to island to island where the cost of bridges outweighs the cost of ferries
Benefits and cost of holding Inventories?
what is benefits of holding inventories
What are 3 benefits from specialization?
There are three benefits of specialization. The three benefits are cost, skill and host.
What is one example of something where the benefits outweighs the risk?
An example of something where the benefits outweigh the risks is a VBAC, or vaginal birth after cesarean. Some benefits include not having to have another major surgery , better recovery time, and more bonding time with baby. The risk is a less than one percent chance of uterine rupture.
What are the advantages of wearing grey contact lenses?
What are the advantages of wearing grey contact lenses you asked? Grey contact lenses will turn everything to a higher contrast but they are more expensive so it outweighs the benefits
When might you choose no to upgrade your video card?
When the cost of the upgrade outweighs the benefit of the upgrade.
What is it called when your income outweighs your expenses?
Lucky!
Does the advantages of tourism outweighs the disadvantages?
Yes
