--%>

Example-implicitly-weighed marginal costs-marginal benefits

Cite three example of recent decisions which you made in which you, at least implicitly, weighed marginal costs & marginal benefits.

E

Expert

Verified

It may comprise the decision to come to class, to skip breakfast to obtain a few extra minutes of sleep, to attend college or university, or to make a purchase. Marginal benefits of attending class may comprise the acquisition of knowledge, participation in discussion, and better preparation for an upcoming assessment. Marginal costs may comprise lost opportunities for meals, sleep or studying for other classes. In evaluating the discussion of marginal benefits & marginal costs, be careful to watch for sunk costs offered as a rationale for marginal decisions.

   Related Questions in Finance Basics

  • Q : What is Finance Letter Finance Letter

    Finance Letter (FL): The proposals made, by the Director of Finance to the chairpersons of the budget committees in each and every house, to amend the Budget Bill and the Governor's Budget from that presented on January 10 to reflect a revised plan of

  • Q : Describe sunk cost Describe sunk cost?

    Describe sunk cost? Is it relevant while evaluating a proposed capital budgeting project? Describe. A sunk cost is a cash flow which has already occurred, or that will take place, whether a project is accepted or discarded. It is irrelevant wh

  • Q : Charted bank loan policy Normal 0 false

    Normal 0 false false

  • Q : Effect of raising funds on rapidly

    Companies along with rapidly growing levels of sales do not require worrying about raising funds from outside the firm. Do you agree or disagree along with this statement? Describe. Disagree. Quickly growing firms require more assets to accom

  • Q : Change in GDP Normal 0 false false

    Normal 0 false false

  • Q : Explain Governors Budget Summary or

    Governor's Budget Summary (or A-Pages): This is a companion publication to the Governor’s Budget which outlines the Governor’s goals, policies, and objectives for the budget year. This gives a perspective on important fiscal and/or structu

  • Q : Why do assets equal the sum of total

    Why do overall assets equal the sum of total liabilities and equity?  Describe.            Assets = Liabilities + EquityAssets are the items of value business owns. Liabilities ar

  • Q : Define Governors Budget Governor's

    Governor's Budget: The publication the Governor represents to the Legislature, by January 10 every year. It has recommendations and approximates for the state’s financial operations for the budget year. This also displays the real revenues and e

  • Q : Multiplier effect Normal 0 false false

    Normal 0 false false

  • Q : Rate of inflation Normal 0 false false

    Normal 0 false false