Kara was out jogging and, despite being tired, decided too run one more mile. based on her actions, economists would conclude that kara decided that the marginal cost of running one more mile would outweigh the benefit of the additional mile. decided that the marginal benefit of running one more mile would outweigh the cost of the additional mile. must be an avid runner. was not very tired, so the marginal cost of the extra mile was very low.

decided that the marginal benefit of running one more mile would outweigh the cost of the additional mile.

Explanation:

Kara's marginal cost of running that extra mile was probably being extremely tired, with some muscle pain, etc., while the marginal benefits of running that extra mile probably included losing some extra weight, improve cardiovascular fitness, strengthen her muscles, etc.

When she decided to keep on running despite being already tired, she probably believed that the marginal benefits generated by running that extra mile outweigh the marginal costs of doing so.

The same happens to any company that decides to sell their products only if the price (benefit) is higher than their costs.

The marginal benefit of running one more mile would outweigh the cost of the additional mile

Explanation:

Marginal Cost and Marginal Benefit

Marginal cost and marginal benefit represent the way the value or the cost of an action, a service or product changes. Marginal cost and marginal benefit in production is such that a consumer considers the marginal benefit of a product to him while a manufacturer considers the marginal cost.

This then determines the actions or decisions of the consumer to buy the product, take the action or patronise the service, and it also determines the pricing and marketing decision of a manufacturer

Marginal benefit which can also be called maximum benefit has the tendency to however decrease as consumption or action decreases until it comes to a point where the consumer sees that the cost of the action outweighs the benefit and then stops the action.

The more marginal benefit one considers is derivable from a thing, the more action the individual is willing to take to acquire that thing. The more marginal benefit which also mean the maximum benefit a person seems to derive from an action, the more of that action the individual is willing to take.

In the case of Kara, she decides to run one more mile despite the tiredness because of the realisation that there is still a maximum benefit that outweighs the tiredness she is feeling.

answer; a set of mutual funds with similar risk characteristics to your mutual fund;