User Account

All Pages

Marginal benefits and marginal costs

Assignment Help Accounting Basics
Reference no: EM13920321

If we are economists we want to look at marginal benefits and marginal costs to help us to see why consumers buy what they buy . When people make decisions they look at the additional cost and benefit of the decision. The cost or benefit of that decision is called the marginal cost or the marginal benefit. If consumers are making rational decisions and if two products are of equal benefit to a consumer, then he or she will choose the cheaper product. However, if two products are the same price, the consumer will choose the one that provides the higher benefit. People who have a certain incomes will also have to make a choose based on how much money they have.

Reference no: EM13920321

Questions Cloud

Operational definition of variables : Complete the Research Methods section (including the Operational Definition of Variables, Constructs, and Measurement sub sections). Follow the instructions in the CP template. Be sure to:
Prison term policy recommendation proposal : Each year there are many bills that are introduced by law makers, which all have to be voted in each phase of the legislation process in order to be considered whether to be signed into law or not.
Creation of database required by the operation of enterprise : This explains that building databases is really an extension of a human activity that has lasted since writing began and it can be applied to the result of any bookkeeping or recording activity that happened long before the arrival of the computer..
Assesses a public policy of choice : Develop a four- to five-page APA-style paper that assesses a public policy of your choice that directly impacts the local government in the area where you reside. You must include the details of the public policy and analyze the effects (positive ..
Marginal benefits and marginal costs : If we are economists we want to look at marginal benefits and marginal costs to help us to see why consumers buy what they buy . When people make decisions they look at the additional cost and benefit of the decision. The cost or benefit of that ..
Assignment-in-depth audience analysis : Locate your ALABAMA Chamber of Commerce's community profile either online or in printed material that describes your local community. Write a three to four (3-4) page paper on the following:
Selling price and shipping costs : The inventory of Royal Decking consisted of five products. Information about the December 31, 2016, inventory Costs to sell consist only of a sales commission equal to 10% of selling price and shipping costs equal to 10% of cost.
Different communication methods : First, choose five (5) different communication methods and identify an advantage and a disadvantage for each one.
Health care has changed a lot in the past ten years : Health care has changed a lot in the past 10 years. For instance, people are living a lot longer on average 10-15 years or more.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Allocate the costs and advise

Please allocate the costs and advise, what is the taxable income for year 1 and 2, noting there are no other expenses outside the allocation of costs.

  American medical instruments produces a variety of medical

american medical instruments produces a variety of medical products at its plant in minneapolis. the company has sales

  Ida sidha karya company is a family-owned company located

ida sidha karya company is a family-owned company located in the village of gianyar on the island of bali in indonesia.

  In a sole proprietorship the drawing account is similar to

1. the partner capital account is what type of account and what is the capital accounts normal balances?a. asset

  Managerial and financial accounting

Objective: Compare and contrast managerial and financial accounting Directions: Using Power Point, prepare a presentation. Your presentations must have a title slide, an introductory slide, a slide with a two column chart, and a conclusion slide

  Personal communication skills to be effective

I consider my personal communication skills to be effective; I always make eye contact when speaking to others, I always offer a firm handshake,

  Relationship between repair costs and machine

Identify the amount or the symbol that represents the dependent variable and the independent variable,

  When taking a physical inventory count at a typical

When taking a physical inventory count at a typical manufacturing facility, which category of inventory (raw materials, work in process, or finished goods) is likely to be the most time consuming to count and determine the relevant costs? Why?

  Significance of transaction to analyst

Explain the significance of this transaction to an analyst. Explain the consequences of poor quality reporting. What has the U.S. government done to improve the quality of reporting after recent financial scandals, such as Enron?

  Determining the depletion expense

The estimated residual value of the property is $80,000. During 2009, the company extracted and sold 4,000 tons of ore. The depletion expense for 2009 is:

  Manufactring overhead cost applied to wip 69000prepare a

hunsicker corporation has provided the following data for the month of januaryinventories----- beginning -----

  If purchased the restaurant would be held for 10 years and

ohn wiggins is contemplating the purchase of a small restaurant. the purchase price listed by the seller is 840000.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd