I am trying to figure out how to find the marginal benefit

Q: What is marginal benefit? How do you calculate marginal benefit?

A: Marginal benefit refers to the additional benefit that obtained by increasing the output by one more…

Q: What is the Benefit-Cost Analysis?

A: A Benefit-cost analysis which is also known as a cost-benefit analysis is used to predict the costs…

Q: What is the Benefit-cost ratio?

A: The process of analyzing the total benefits and total costs associated with the implementation of a…

Q: Can you explain donut economics

A: Economics: It describes the interaction of people with value.

Q: What is efficiency in economics?

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: The Marginal Benefit is zero when the Total Benefit curve is at its maximum. True or False

A: Marginal Benefit (MB): - it is the additional benefit derived from the consumption of additional…

Q: our marginal benefit from eating candy bars is shown in the table below: Marginal Benefit Candy (MB)…

A: The change in total utility or benefit when one additional unit is consumed is known as the marginal…

Q: (Figure: Marginal Benefit Curves) Use the graph of marginal benefit curves for slices of cheesecake…

A: The buyer would buy a product of such quantity, where marginal benefit obtained from the product…

Q: Does a 24/7 store follow the marginal benefit principle?

A: The marginal benefit can be understood as equals the amount by which total benefit rises or enjoyed…

Q: Give an example of something that is a good for one person and a bad for someone else???

A: In the case of producing or consuming some commodities, harmful or beneficial side effects arise and…

Q: You are about to sign-up for a movie streaming service and are trying to decide how many movies you…

A: According to the marginal benefit (MB) rule, the net befit achieved from consuming a commodity is at…

Q: why is competition good for the consumer from an economics perspective

A: We know that firms in a perfectly competitive market produce the socially optimum quantity of output…

Q: Read the following passage that describes why some consumers clip coupons while others don't. Then…

A: Opportunity cost refers to what is forgone when one alternative is chosen over another.

Q: Use a real-life example of a social influencer helping create

A:

Q: Explain how Lynk&co use the content of there website to indicate their value proposition to cus

A: A value proposition is the promise of value that a firm makes to customers if they choose to acquire…

Q: f absolute advantage and comparitive advantag

A: When two countries involve in trade, one country exports that good in which it has ‘comparative…

Q: What is allocation of scarce resources mean?

A: Resources are those which are provided us to use them in their best way. The resources have…

Q: A restaurant offers an "all you can eat" lunch buffet for $10. Shawn has already eaten three…

A: The marginal analysis is based on the utility gained from consuming an additional unit of the good.…

Q: According to Richard Thaler, economics is the sum of two parts. One is Optimization. What is the…

A: Richard Thaler was an American economist who won the Nobel Prize in Economics in 2017 for his…

Q: Define marginal benefit. Show the efficient point using a marginal cost/benefit diagram

A: Marginal benefit is defined as additional benefit derived from the consumption of one more units of…

Q: An efficient allocation of resources occurs when?

A: An efficient allocation of resources happens when resource allocation can be governed with the…

Q: How do I solve the following problem?

A: We will use profit maximisation techniques to solve this question.

Q: Short question find allocation that it is pareto optimality and it is not Envy Freeness up to one…

A: An allocation is Pareto efficient in case there could be no other allocation in which some other…

Q: What are three types of Efficiency?

A: Efficiency refers to optimal production and distribution of scarce resources. The main three types…

Q: Hi! Could someone help me with this? Thank you!!!!!

A: We are authorized to answer three subparts at a time since you have not mentioned which part you are…

Q: What is marginalism?

A: Macroeconomics: The study if the economy as a whole or in totality is termed as macroeconomics. For…

Q: What's the difference between Marginal Benefit and Marginal Cost?

A: Difference between Marginal Benefit and Marginal Cost,

Q: Why is the equality between the marginal benefit and marginal cost of an action an equilibrium…

A: Marginal benefit and marginal cost are two different concepts.  Marginal benefit is the amount the…

Q: On average, the market price of roses on Valentine's Day is $10 per rose. Interestingly, when…

A: Here, the given graph shows the willingness to pay for a specific unit of roses and the utility or…

Q: Goods that satisfy humans wants though their direct use or consumption are called _______?

A: According to the given question In simple words the consumption in economics is basically known as…

Q: What is difference between Pareto Efficiency and Pareto Optimality?

A: Pareto Efficiency is making best use of available limited resources as per the tastes and budget of…

Q: Marx writes that, in order to understand surplus-value, we have to divide the workday into two…

A: Surplus value is defined in Marxian economics as the difference between the amount raised via the…

Q: What are diminishing marginal returns?

A: In the production process, different inputs are used to produce final outputs. Land, labor, capital,…

Q: What is the main idea behind the concept of allocation of resources?

A: One of the most important functions of an economic system is the optimal allocation of scare…

Q: How does economics play a role in decision-making at Asian Paints?

A: The corporation can make the best business decisions by analyzing economic aspects.

Q: Why is the equality between the marginal benefit and marginal cost of an action an equilibrium…

A: Marginal benefit can be defined as the additional gain after consuming an additional amount of given…

Q: WHAT is an allocation of resources such that no person can be made better off without making another…

A: Allocation of resources refers to the distribution of productive assets among various purposes.…

Q: What is choice on economic

A: Scarcity: - it is a very basic problem of economics that is related to the limited availability of…

Q: Think of an economic decision you made recently wherein the benefit outweighed the cost (or the cost…

A: Marginal Cost (MC): - it is the additional cost incurred due to the production of additional units…