The full question is:
What is an example of thinking at the margins
A figuring out what you will give up and what you will gain by hiring a new worker
B thinking about whether or not to go on a vacation to a warm beach
C drawing plans to build an extra room on an old home
D deciding whether to have a dog or a cat as a pet
The answer is A figuring out what you will give up and what you will gain by hiring a new worker.
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The full question is: What is an example of thinking at the margins A figuring out what you will give up and what you will gain by hiring a new worker B thinking about whether or not to go on a vacation to a warm beach C drawing plans to build an extra room on an old home D deciding whether to have a dog or a cat as a pet The answer is A figuring out what you will give up and what you will gain by hiring a new worker.
For example, if the per-unit variable cost is $15 and selling price per unit is $20, then the contribution margin is equal to $5. The contribution margin may provide a $5 contribution toward the reduction of fixed costs or a $5 contribution to profits.
A margin that is creative.
Contribution margin ratio is overall total contribution margin while contribution margin ration per unit is the allocation of total production contribution margin to per unit basis.
Formula for calculating average Contribution margin Average contribution margin = total contribution margin / total number of units