Ask Question
BusinessBusiness
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
You Might be Interested in
Where did ray kroc open his first mcdonald's, in 1955?
Answers (1)
When the perceived benefits are greater than the amount that a customer paid for the goods or services, the customer would considered that he or she received a great:
Answers (1)
The 3rd step in the personal financial planning process is:
Answers (1)
What placed a major strain on china's economy?
Answers (1)
Which of the following statements about a partnership is true? a. Partners are considered employees of the partnership. b. A partnership is a taxpaying entity. c. Partners are taxed on distributions from a partnership. d.
Answers (1)
New Questions in Business
Stuart Weddle's father is 55 years old and wants to set up a cash flow stream that would be forever. He would like to receive $15,000 every year, beginning at the end of this year.
Answers (2)
A year ago, you deposited $30,000 into a retirement savings account at a fixed rate of 5.5 percent. Today, you could earn a fixed rate of 6.5 percent on a similar type account. However, your rate is fixed and cannot be adjusted.
Answers (1)
When banks spend (or loan) money, the money supply increases and when interest / loan payments are received, the money supply declines ... True false
Answers (1)
On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements.
Answers (1)
Company X had a net income of $25,000 for the year ended December 31, 2016. In 2016, Company X paid the out dividends of $10,000. At the end of 2016, Company X had a retained earnings balance of $60,000.
Answers (1)
Home » Business » what marginal costs and benefits might a tour boat operator consider when deciding whether to purchase a new boat?
Sign Up Forgot Password?