Social Studies, 03.08.2021 01:30 lexieprochaskaaa

What is the best generation who knows better than the other?
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Baby boomers is known as best generation. People born in 1946 to 1964 fall under this generation. There are approximately 76 million people who are baby boomers. They are considered as wealthiest and have redefined traditional values.

They are mostly active and have high disposable income. The people who fall in this generation are aged between 57 to 75 years old now. They have best knowledge among all other generations as they have seen world going through many difficult times and know the art to tackle every challenge.

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marginal cost is a microeconomic measure that us to evaluate the extent to which the level of production of a good is sustainable in accounting, that is, to how many quantities the company plans to profit from the production of the good.

the concept of marginal cost is simple, it means the cost of producing one more item. for example, in the case of pies, the marginal cost is the cost of producing one more pie than those that have already been produced.

it is important to understand that productive activity influences marginal cost. the marginal cost of some goods can be very high, while others may be insignificant. for example, the marginal cost of producing an extra plane is very high. already the marginal cost of a water company to provide 1l more water is derisory.

in the case of pies, the cost involves the inputs, the labor and the fixed cost, which involves the fixed space of the bakery. the level of production initially has the marginal cost decreasing because there is space and manpower available. however, to produce more you have to hire more workers and buy more inputs. if physical space is limited, workers will conflict with places, inputs and their productivity will decrease, meaning there is an optimum point of production for each level of space and manpower. from this point on, the productivity of the workers will be getting smaller because of lack of space, so that the marginal cost of producing one more pie will be increasing. so, although you have not posted the chart, but if you have the answer, you can see that my explanation goes according to the marginal cost curve that will increase from the 4th pie, answer (c).

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a) they had recently endured the tyranny of the british king, parliament, and its royal

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What is the best generation who knows better than the other?
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