What is achieved by selecting the quantity of an activity

Assignment Help Microeconomics
Reference no: EM131576182

What is achieved by selecting the quantity of an activity at which marginal benefit equals marginal cost?

Suppose the marginal benefit of an activity exceeds the marginal cost. What does the marginal decision rule say a maximizing decision maker will do?

Reference no: EM131576182

Questions Cloud

Why is it very important to you, personally- professionally : Knowing that professional difference of opinion or conflict is inevitable on dissertation committees, how will you leverage these to improve creativity?
Public health services are divided into major categories : Public health services are divided into four major categories and 10 specific services
Find the length of a shortest path between two vertices : Extend Dijkstra's algorithm for finding the length of a shortest path between two vertices in a weighted simple connected graph.
Summarize the five congressional findings : Summarize the five congressional findings that helped to create the final GINA law, including a description of at least two elements.
What is achieved by selecting the quantity of an activity : What is achieved by selecting the quantity of an activity at which marginal benefit equals marginal cost
Analyze psychology as a science : See the attached PSY600 - identify your article selection. Analyze psychology as a science as it is presented in your chosen article.
Explain shortest path problem in a weighted graph : Explain how to find a path with the least number of edges between two vertices in an undirected graph by considering.
Present value of stream of ordinary annuity cash flows : The present value of a stream of ordinary annuity cash flows of $100 per year is $702 when valued utilizing a 7% annual rate.
Which changing interest rates can impact exchange rates : Explain at least two different ways in which changing interest rates can impact exchange rates for a country.

Reviews

Write a Review

Microeconomics Questions & Answers

  How does use of internet intranets and extranets by

how does the use of internet intranets and extranets by companies today support their business process and activities?

  California legislative committee has voted to legalize

a california legislative committee has voted to legalize marijuana sell it through state liquor stores and impose a

  The quantity of goods and services

The quantity of goods and services:

  Value of the marginal product

A competitive, profit-maximizing firm will choose to hire workers up to the point where the value of the marginal product:

  What is the opportunity cost of apples in terms of bananas

Graph Home's production possibility frontier. What is the opportunity cost of apples in terms of bananas? In the absence of trade, what would the price of apples in terms of bananas be? Why?

  Determine what fiscal policy measure

Determine what fiscal policy measure has a more direct impact to the economy, an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month. Explain your reasoning.

  What will happen to the price you pay for concert tickets

Understanding Cause and Effect What will happen to the price you pay for concert tickets if a popular group has to move its show to a smaller facility?

  How many carpets must firm produce to maximize profit

the ali baba co. is he only supplier of a particular type of oriental carpet. the estimated demand for its carpets is

  Find the inverse demand curve

Find the inverse demand curve

  How society manages its scarce resources and benefits

How society manages its scarce resources and benefits from economic interdependence? Why the demand curve slopes downward and the supply curve slopes upward? Where is the point of equilibrium and what does it determine?

  Total costs are divided between fixed

"In the short-run, total costs (TC) are divided between fixed and:"

  Value of alpha be in an exponential smoothing forecast

What should the value of alpha be in an exponential smoothing forecast to be very responsive to recent demand - Which MRP system input element specifies how many and when the firm plans to build each end item?

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!

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