Ask Question
6 December, 00:36

what marginal costs and benefits might a tour boat operator consider when deciding whether to purchase a new boat?

+2
Answers (1)
  1. 6 December, 01:00
    0
    Answer

    The tour boat operator needs to decide whether to buy a new boat to increase the income obtained per day or increase the number of trips made per day and avoid buying a new boat.

    Explanation

    Marginal cost measures the change in cost over the change in quantity. Marginal benefit is a measurement of change in benefits over change in quantity. The boat operator is going to buy a new boat. Will the marginal cost (how the boat cost) be greater than the marginal benefit (income from increased number of boats).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “what marginal costs and benefits might a tour boat operator consider when deciding whether to purchase a new boat? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers