Question

Visit a near by organization identify and explain the different marginal functions which take place in the organization

Answer 1

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Answer 2

The different marginal functions which take place in the organization

Explanation:

• There are many industries where it is common for people to pay different prices for the same product from the same vendor. (Airline tickets, symphony seats, and donuts come to mind at different times of the day.)

• Usually, the reason is not favoritism or irrational sellers, but rather an analysis that looks at changes in costs and profits to make additional sales.

• Flying a plane with 51 passengers doesn't cost more than flying the same plane with 50 passengers. The same is valid when tinkering with music.