Business, 10.09.2019 01:10 Gimagg8195

In economics, what is meant by "optimal decisions are made at the margin? " the concept of the margin was initially developed in 2012 by professor marginus; research is still being done on how it can be used for decision-making. the idea of the margin does not compare trade-offs and is not relevant to decision-making. the idea of the margin is related to making decisions while thinking about the benefits and costs of small changes in behavior. the idea of the margin is that all economic decisions are made at the very fringes of society.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 19:30

The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t

Answers: 1

Answer

Business, 22.06.2019 12:50

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

Answers: 2

Answer

Business, 22.06.2019 19:20

Six years ago, an 80-kw diesel electric set cost $160,000. the cost index for this class of equipment six years ago was 187 and is now 194. the cost-capacity factor is 0.6. the plant engineering staff is considering a 120-kw unit of the same general design to power a small isolated plant. assume we want to add a precompressor, which (when isolated and estimated separately) currently costs $13291. determine the total cost of the 120-kw unit. (hint: skip $ and comma symbols)

Answers: 3

Answer

Business, 22.06.2019 20:30

Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted

Answers: 2

Answer

You know the right answer?

In economics, what is meant by "optimal decisions are made at the margin? " the concept of the margi...

Questions