Answer:
The solution is shown in the file attached below
Explanation:
Answer:
d) change in total benefit that occurs when a person consumes another unit of the good.
Explanation:
Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.
Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.
Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.
This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.
Furthermore, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.
Marginal benefit can be defined as the highest amount of money (in dollars) that a consumer (buyer) is willing to pay to a seller in order to acquire an additional unit of a product i.e one more unit of the product.
Hence, marginal benefit would be described as the change in total benefit that occurs when a person consumes another unit of the good.
The privatization of public property was a vital task because the state was "land rich but money poor" and there is need to raise funds that could be used for infrastructure purposes such as funding elementary, secondary, higher education etc
<h2>What is
privatization?</h2>
Privatization refers to process where a government business, operation, property becomes a privately-owned property, business etc
In conclusion, the privatization of public property was a vital task because the state was "land rich but money poor" and there is need to raise funds that could be used for infrastructure purposes such as funding elementary, secondary, higher education etc
Read more about Privatization
<em>brainly.com/question/1086126</em>
A the more complete and accurate an organization wants its information to be the more it cost
Answer:
The indifference point is 8,000 rooms.
Explanation:
Giving the following information:
Tim’s cost to clean a room is $13.50. The Duffy’s Maid Service quote is $18.50 per room plus a fixed cost of $25,000 for sundry items such as uniforms with the motel’s name Tims annual fixed cost for space, equipment and supplies is $65,000
Tim= 65,000 + 13.50*x
Duffy= 25,000 + 18.5*x
65,000 + 13.5x= 25,000 + 18.5x
40,000=5x
8,000 = x
The indifference point is 8,000 rooms.
In days= 8,000/50= 160 days
