When using marginal cost/marginal benefit analysis, do other things remain constant? Explain.

Question:

When using marginal cost/marginal benefit analysis, do “other things remain constant”? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

See More Books

Question Posted: Mar 14, 2024 04:01 AM

See More Questions

List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
importance of workalike balance for women as a leader in healthcare. 1. The purpose of the research; 2. Research question/s; 3. Findings and relevant data; 4. Any recommendations and; 5. The...
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
An experiment showed that subjects fed the DASH diet were able to lower their blood pressure by an average of 6.7 points compared to a group fed a "control diet." All meals were prepared by...
A 117-g lead ball is dropped from rest from a height of 7.62 m. The collision between the ball and the ground is totally inelastic. Assuming all the ball's kinetic energy goes into heating the ball,...
An 80-ft-diameter Ferris wheel rotates once every $24 \mathrm{~s}$. What is the apparent weight of a $70 \mathrm{~kg}$ passenger at (a) the lowest point of the circle and (b) at the highest point?
Pick an industry and a product or service. Engage in a creative-thinking process, as outlined in Chapter 11, to generate an improved offering. Do the same to create an entirely new offering that uses...
Acquisition Costs of Realty the expenditures and receipts below and on the next page are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are...
1. Satisfaction A recent Gallup Poll asked a random 206 sample of 1025 adults, "In general, are you satisfied or dissatisfied with the way things are going in the United States at this time?" In all,...
True or false? The goal of society is efficiency.
Why should you be very careful about any cost/benefit analysis?
When the price, p, charged for a boat tour was $25, the average number of passengers per week, N, was 500. When the price was reduced to $20, the average number of passengers per week increased to...
A cylindrical exhaust duct has a constant inside temperature of 650F and is insulated on the exterior with a 4-in. layer of rock wool, which has an outer surface temperature of 95F. The duct has an...
Consider the following piece of C code: for (j = 2;jD[j] = D[j 1]+D[j 2]; The MIPS code corresponding to the above fragment is: Instructions have the following associated latencies (in cycles): 1....
The thermal conductivity of an opaque insulating material is to be determined by lighting a 5-W light bulb inside a hollow sphere made of that material and measuring the surface temperatures. The...
A large metal pot containing fondue (melted cheese) held at 120C is to be placed on a wooden table supported on a trivet with four vertical legs. The legs are solid cylindrical rods with a diameter...
Sampling by the local Department of Environmental Quality (DEQ) of the water in a small creek has revealed a steady concentration of a highly toxic chemical of 0.015 g/m 3 . At some distance upstream...
A particle moves on a straight line with velocity function v(t) = sin wt cos2 wt. Find its position function s = f(t) if f(0) = 0.
Apply Jacobis method to the given system. Take the zero vector as the initial approximation and work with four-significant-digit accuracy until two successive iterates agree within 0.001 in each...
Given that the world supply curve is horizontal at the world price for a given good can a subsidy on imports raise welfare in the importing country? Explain your answer.
After Mexico signed the North American Free Trade Agreement (NAFTA) in 1994, corn imports from the United States doubled within a year, and today U.S. imports make up nearly one-third of the corn...
After Mexico signed the North American Free Trade Agreement (NAFTA) in 1994, corn imports from the United States doubled within a year, and today U.S. imports make up nearly one-third of the corn...
On "Black Monday" the stock market lost approximately percent of its total value. 38 O 30 10 19 23
Using algebra, find the slope and y-intercept of the following equation. 0.35x+1.75y 0.14 = 0 The slope is (Type an integer or a decimal.) The y-intercept is . (Type an integer or a decimal.)
6. Determine the equation of the parabola shown in the form y = ax + bx+c d 4 2 0 -2 2 6

When using marginal cost/marginal benefit analysis, do other things remain constant? Explain.

Question:

Step by Step Answer:

Other things do not always remain cons...View the full answer

Microeconomics

Students also viewed these Business questions