Opportunity costs result from trade-offs caused by restricted resources.
In microeconomic theory, the opportunity cost is the value or advantage forfeited by choosing one activity over another. More specifically, it implies that once you select one activity, you are unable to select a different one. The best activity is the one that offers the maximum return relative to all other activities once opportunity costs are taken into account. For example, you are not allowed to hire out an automobile that you only use for personal transportation; nevertheless, if you do, you are not allowed to use it for personal transportation either. If hiring a car is more expensive than the cost of alternative transportation,
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. You deposit $2200 in an account that pays 3% interest. After 15 years, you withdraw the money. What is the balance if the interest is compounded continuously
You deposit $2200 in an account which pays 3% interest. So, the balance if the interest is compounded continuously will be $3450.29
Given,
Deposit = $2200
Interest = 3%
Balance if the interest is compounded continuously?
[tex]A = Pe^{xt}[/tex]
Where, x is the interest rate and where t is the related time.
A= $2200e 3/100 × 15
= $3450.2868
Hence, the balance if the interest is compounded continuously will be $3450.29
Here, the compounding is considered to be a powerful investing concept which thus tends in order to involve earning the returns on both your original investment and on the returns you received previously.
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Smiling Cow Dairy can sell all the milk it wants for $5 a gallon, and it can rent all the robots it wants to milk the cows at a capital rental price of $200 a day. It faces the following production schedule: Number of Robots Total Product (Gallons) 0 0 1 60 2 100 3 135 4 155 5 170 6 180 In what kind of market structure does the firm sell its output
The company sells its goods in a cutthroat marketplace. You can see that from the fact that the business can sell all the milk it needs for $5. This price was set by the market, and the company is a price-taker.
We calculate the robots' marginal product(market structure) and marginal value product using data on their overall output. The extra output that results from hiring another Robot is known as the marginal product. The business can rent as many robots as it wants in a cutthroat market to increase revenues. The ideal robot count is established at the point where the marginal value of each robot is exactly equal to its rental cost.Robots are being rented by the company in a cutthroat market. According to the information provided, the company is permitted to rent as many Robots as desired for the same $200 per month. The company wouldn't be able to rent all the Robots it wants for the same price if the market wasn't competitive.
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what did dwight eisenhower explain as the opportunity cost of the nuclear buildup due to scarcity?
scarcity is when the means to fulfill economic ends are limited, so we basically only have a certain amount of resources to fulfill our needs.
What did Dwight Eisenhower explain as the opportunity cost of nuclear buildup?There is scarcity when there aren't enough resources to reach economic objectives since there are only so many resources we can use to satisfy our needs.
The situation during the Cold War is being discussed in light of this. When there is a shortage, there are opportunity costs since we must give something up in order to obtain something.
In essence, we are unable to multitask. We must therefore trade off alternative courses of action while choosing one. In a speech I had just given, I had made it clear that the US preferred to prevent a weapons buildup. He claims that every gun created, every battleship launched, and every rocket fired represents a steal from the people.
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On the diagram to the right, a movement from A to B represents a A. decreases in demand. B. change in demand. C. movement up the demand curve. D. change in quantity demanded.
On the diagram to the right, a movement from A to B represents a change in the quantity demanded.
What is demand?Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the number of things that consumers are prepared and willing to purchase at various prices within a specific time frame.
The term change in the quality demands refers to that specific. The quantity of products buyers is demanded to buy. These changes in quantity demanded are caused by a change in the price.
Therefore, Thus option (D) is correct. The quality demands refer to the quality of the product.
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who ready for some questions?
Answer: I’m ready
Explanation:
To determine the time value of depositing $100 in a savings account, a person needs to know the interest rate and....
A.) her total income
B.) the rate of inflation
C.) whether the account is FDIC protected
D.) Whether the bank offers overdraft protection
Answer:
c
Explanation:
There are many benefits of studying business. Please select the choices below that represent benefits of studying business. a. Ability to evaluate different career choices. b. Potential success in a career in business. c. Increase ability of making better purchasing decisions by evaluating marketing claims.
Answer: The correct answer is C.
Explanation: Choosing a business degree will give you a good understanding of basic economic principles, how markets are affected by world events, and how to assess a firms' financial health. Combined, this can help you make better-informed investment decisions and ultimately, how to achieve a higher ROI.
Any profits generated by a not-for-profit organization must be turned over to the government. Group of answer choices True False
The given statement is false.
An organization classified as a not-for-profit (NFPO) does not generate profits for its owners. Any revenue generated by engaging in business ventures or receiving donations is immediately reinvested in the operation of the organization.
Non-profit groups concentrate on more extensive and coordinated social, political, environmental, or economic activities. The establishment of the groups may also be done to advance religious, cultural, or educational goals.
Both American Red Cross and UNICEF are two examples of these groups. The goal of nonprofit organizations is to raise as much money as possible for the causes that support them. Since not-for-profit organizations do not operate with the intention of making money, all gains must be reinvested in the business.
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you are not liable for damage to property next to a street or highway if in a collision.
Depending on the state, you may be liable for any damage done to property that is located next to the street or highway if you were found to be negligent or at fault in the collision.
What is collision?Collision is a term used to describe an event in which two or more objects interact with each other, resulting in a direct physical contact. Collisions can occur between two particles, two bodies, and between a particle and a body. Collisions may be elastic or inelastic, depending on the amount of energy transferred during the interaction. In an elastic collision, the kinetic energy of the two objects is conserved, while in an inelastic collision, some of the kinetic energy is converted into other forms of energy such as heat or sound. Collisions are often used in physics to explain the behavior of objects moving through a medium, such as air or a liquid. They are also used to model the interaction between atoms and molecules in chemistry and the interaction between particles in quantum mechanics.
It is important to contact your local DMV and consult with an attorney to determine your legal liability in this situation.
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What do the results of Morisano's study (shown on the graph) illustrate? a. Students with higher GPAs are more likely to set goals. b. Having specific, difficult goals increases a student's GPA c. Students performed better in their second semester than they did in their first semester. d. Training students in goal setting leads to an increase in their GPAs
Now one of the most important strategies to improve tutorial performance is to pay top attention in class.
Often students region out all through class, students have to work on their awareness competencies and strive to pay as a lot attention as they can in class.
What causes terrible educational overall performance of first yr greater schooling students?Lack of study materials:
Many college students fail their SSCE, GCE, UTME and other examinations or at worse come out with negative academic overall performance due to the fact of inadequate study materials.
Students who have adequate find out about substances and greater focal point will in all likelihood excel greater than those who do no longer have such
How can students overall performance in their research be improved?Use a every day planner.
Input due dates assignments, projects, events, quizzes and exams as quickly as you get them. This will help keep away from missed assignments and with any luck assist in steering clear from procrastination.
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credit allowed to a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the accounts receivable of the merchandising business.
The term "sales allowance" refers to the credit given to a customer for a portion of the sales price of goods that aren't returned, lowering the merchandising company's accounts receivable as a result.
The sales allowance is a what kind of account? The term "sales allowance" refers to the credit given to a customer for a portion of the sales price of goods that aren't returned, lowering the merchandising company's accounts receivable as a result. A sales allowance is a decrease in the price that a seller charges as a result of a flaw in the good or service they are selling, such as a lack of quantity or poor quality, or an erroneous price. As a result, the sales allowance is established after the customer is first billed but before the buyer pays the seller.As a result, sales returns and allowances are regarded as a contra-revenue account, which often has a negative balance.Management can track returns and allowances as a percentage of total sales by recording sales returns and allowances in a separate contra-revenue account.To learn more about sales allowance refer
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Which activity is the clearest example of the evaluation step in the nursing process?
A. recognizing that the client’s blood pressure of 172/101 is an abnormal finding
B. checking the client’s blood pressure 30 minutes after administering captopril.
C. taking a client’s blood pressure on both arms at the beginning of a shift
D. giving the client a p.r.n. (as needed) dose of captopril (an antihypertensive) in light of this blood pressure reading
B. checking the client’s blood pressure 30 minutes after administering captopril is the clearest example of the evaluation step in the nursing process.
This is because it involves assessing the effectiveness of a specific intervention (administering captopril) in achieving a desired outcome (lowering blood pressure). Other activities, such as recognizing that a blood pressure reading is abnormal, taking a client's blood pressure on both arms, and administering a p.r.n. dose of captopril, are important steps in the nursing process, but they are not specifically focused on evaluating the effectiveness of an intervention.
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All of the following are advantages of a company that has a dominant market share EXCEPT:
a. It can decrease its marketing expense without losing any market share.
b. It moves faster down the experience curve.
c. It has a production cost advantage due to higher production volume.
d. It is able to be the industry price leader.
e. It can create barriers to entry.
All of the following are advantages of a company that has a dominant market share EXCEPT It has a production cost advantage due to higher production volume.
What is Production Cost?All direct and indirect expenses incurred by a company when producing a good or rendering service are referred to as production costs. labour costs, raw materials, consumable manufacturing supplies, general overhead, and other costs can all be included in production costs.
Expenses associated with producing a good or offering a service that brings in money for a business are referred to as production costs.
Labor, raw materials, consumable manufacturing supplies, general overhead, and other costs can all be included in production costs.
The sum of all direct material and labour costs as well as all production overhead costs can be used to calculate the overall cost of the product.
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Which one of the following is not a factor in determining a company's unit sales and market share of branded footwear in a particular geographic region?
a. The number of retailers stocking the company's footwear brand
b. The number of models/styles in the company's product line
c. Footwear features and footwear durability
d. S/Q ratings of the company's footwear
e. Expenditures for retailer support
Footwear features and footwear durability is one of the following is not a factor in determining a company's unit sales and market share of branded footwear in a particular geographic region.
What is Market Share?
Market share is a measure of the relative size of a company, product, or service in relation to its competitors in the same market. It is usually expressed as a percentage of the total market. It is calculated by dividing a company's sales in a given market by the total sales of all competitors in that market. Market share is an important measure for businesses, as it is used to assess the company's performance and identify potential opportunities for growth.
What is Geographic region?
Geographic region is an area of land that is identified by a specific set of characteristics such as physical features, climate, population, economic activity and cultural traits. Regions are often divided into subregions, which can be further divided into smaller areas. Regions can be identified as countries, states, provinces, cities, counties, districts and other divisions.
Therfore the correct answer is C. Footwear features and footwear durability
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the touring of star athletes and teams to promote the popularity of a particular sport were
The touring of star athletes and teams to promote the popularity of a particular sport were Sports Management/marketing agencies.
What are marketing agencies?A marketing agency, often known as a creative agency or an ad agency, is a company that specializes in developing, organizing, and managing to advertise and occasionally other forms of promotion and marketing for its customers. Marketing agencies are often independent of the clients they work with; marketing agenciescould be an internal division or agency that lends a fresh perspective to the attempt to market the clients' goods or services, or they could be an external company. For its customers, an agency can also manage their whole marketing and branding initiatives, which may also include sales.
Business and corporate entities, non-profit institutions, and private agencies make up the typical clientele of advertising companies. Advertising production companies can be engaged to create radio, online, in-store, out-of-home, mobile, and augmented reality (AR) advertisements.
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John says that his job duties include planning what will be done, organizing and directing workers, and solving problems related to worker productivity. His job can best be described as a:
John says that his job duties include planning what will be done, organizing, and directing workers, and solving problems related to worker productivity. His job can best be described as a: Manager.
Productiveness is the performance of the production of products or offerings expressed by a few degrees. Measurements of productiveness are regularly expressed as a ratio of an aggregate output to an unmarried input or an aggregate input utilized in a production process, i.e. output in keeping with a unit of input, usually over a particular time period. The most not unusual example is the (mixture) labor productivity degree, one example of that's GDP according to workers.
There are many specific definitions of productiveness (inclusive of those that aren't defined as ratios of output to input) and the choice amongst them depends on the reason for the productivity dimension and/or data availability. the important thing source of difference among diverse productiveness measures is also normally related (immediately or in a roundabout way) to how the outputs and the inputs are aggregated to acquire the sort of ratio-kind measure of productiveness.
Productivity is an essential aspect inside the manufacturing performance of firms and international locations. increasing national productiveness can improve dwelling standards due to the fact more real profits improve humans' potential to purchase items and services, revel in amusement, improve housing and education and contribute to social and environmental applications. A productivity boom can also help businesses to be more profitable.
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Why are mixed economies usually more successful?
A mixed economy allows for private production involvement, which in turn encourages proper competition that can generate income.
What exactly does competition mean?When two or more individuals engage in competition, they are engaged in a conflict where one party seeks to obtain an advantage at the expense of the other . Competition may develop between several types of entities, including biology, people, economic and social organizations, etc.
Why does competition exist?When two species depend on the same scarce resource, competition results because the presence of other species reduces the resource's availability to one species.
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What are the effects of competition in a mixed market economy?
The competition in the mixed market has a positive impact through the economy. That kind of competition will foster an environment of efficiency and also innovation.
In economic and business, A mixed market or also known as mixed economy generally can be defined as one that incorporates the principles of a capitalist free market to allow for private economic freedoms. Mixed market has a principle that attempts to compensate negative effects of economic freedom to ensure or improve the social good. One of the benefit from mixed market is that each companies will compete for creating better products or services for consumers.
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Why are some producers forced to sell their products at the prevailing market price?
A. price takers find market analysis is too costly
B. they are very small players in the overall market
C. high degree of similarity to competitor's products
D. they can increase output without affecting quality
Some producers are forced to sell their products at the prevailing market price because of High degree of similarity to competitor's products.
What is Market price ?
Market price is the price that buyers and sellers in a free market exchange agree to for a particular asset or good. It is determined by the forces of supply and demand. Market prices are influenced by a wide variety of factors, including the availability of the asset, the economic conditions of the region, and the level of competition.The market price is different from the intrinsic value of an asset, which is determined by analyzing the asset’s fundamentals, such as its earnings and cash flow.
What is Cash Flow?
The net amount of cash and cash equivalents transferred into and out of a business is referred to as "cash flow." It is the difference between a company's cash inflows and outflows. Positive cash flow indicates that a company's liquid assets are growing, allowing it to settle debts, reinvest in the company, return money to shareholders, pay expenses, and provide a buffer against future financial challenges. Negative cash flow indicates that a company is struggling to generate enough cash to grow or pay its debts.
Therfore the correct option is C. high degree of similarity to competitor's products
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Which of the following is the most inclusive term for the individuals, groups, and organizations that have a claim in the success of an organization?
shareholders
stockholders
strategists
stakeholders
The most inclusive term for the individuals, groups, and organizations that have a claim in the success of an organization is a stakeholder. Option D is correct.
A party with an interest in a company and the capacity to influence or be impacted by it is referred to as a stakeholder. A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.
Stakeholders are any individuals or groups who have an interest in how successfully a business works. Building strong and balanced connections with stakeholders is crucial for organizations since doing so will influence how authentically they are able to address their needs.
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Monopolists are price makers. Why is this not the case for firms in a competitive market? Which are the Correct Answer(s) 1. Other sellers sell products that are similar if not identical. 2. A competitive firm's product only makes up a small portion of the market’s total product. 3. Price controls prevent firms in a competitive market from pricing their products as they think best. 4.Even if one or more of their competitors goes out of business, other competitors will appear.
The correct option of this question is 2. A competitive firm's product only makes up a small portion of the market’s total product.
In a monopolistic market, there is just a single firm that directs the cost and supply levels of goods and services.
An entirely cutthroat market is made out of many firms, where nobody firm has market control.
In reality, no market is simply monopolistic or entirely aggressive.
In the middle of between a monopolistic market and wonderful rivalry lies monopolistic contest or defective rivalry.
In monopolistic rivalry, there are numerous makers and buyers in the marketplace, and all organizations just have a level of market control.
In a monopolistic market, firms are cost creators since they control the costs of goods and services. In this sort of market, costs are for the most part high for goods and services since firms have complete control of the market. Firms have absolute market share, which makes troublesome section and leave points. Since obstructions to section in a monopolistic market are high, firms that figure out how to enter the market are still frequently overwhelmed by one greater firm.
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An S corporation Multiple Choice is similar to a partnership in that it carries unlimited liability. is a separate legal entity that is treated like a normal corporation. has all the organizational benefits of a corporation and its income is only taxed once. All of the options
C) An S corporation has all of the advantages of a corporation in terms of organization, but its income is only subject to one tax.
What advantages does an S corporation offer?A major advantage of an S corporation is that, regardless of its tax status, it protects owners from limited liability. The owners' personal assets are protected from the claims of business creditors under limited liability protection, regardless of whether the claims stem from contracts or litigation.
What is an S corporation's tax advantage?An owner of an S corporation can reduce their self-employment tax liability and generate wages-paid deductions that will reduce the amount of corporate income by using a combination of dividends and salary.
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Which of the following describes a situation in which the person is hurt by inflation?
a. a borrower during a period which inflation is under-predicted
b. a retiree whose pension is adjusted for inflation
c. a person paid in fixed income during an inflationary period
d. a lender during a period which inflatin is over-priced
The person is hurt by inflation if a person paid in fixed income during an inflationary period
What is an inflationary period?A configuration of quantum fields known as the vacuum state represents a local (but not necessarily a global) minimum in energy.According to inflationary period, the vacuum state of the universe was different from the one we see today at about 1036 seconds after the Big Bang: the inflationary period had a far higher energy density.Any vacuum condition with an energy density greater than zero, according to general relativity, produces an attractive force that causes space to expand. Early high-energy vacuum states in inflationary models result in a very quick expansion. Several features of the contemporary cosmos that are challenging to explain without such aninflationary period are explained by this expansion.To learn more about Inflationary period from the given link
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Karlie wants to be an anthropologist. what is the academic requirement for this job?
a. a master’s or doctorate degree
b. on-the-job training
c. an apprenticeship
d. a community college certification
Answer:
d
Explanation:
an anthropologist is someone who studies humans , their beliefs , customs and relationship
Answer: Answer A
Explanation: it's correct :3
A key idea in the Communist Manifesto by Karl Marx and Friedrich Engels is that workers should support the
A key idea in the Communist Manifesto by Karl Marx and Friedrich Engels is that workers should support the the condition for the free development of each is the free development of all.
Karl Marx was a well-known thinker who published works on social, political, and economic issues. Marx, who was born in Germany, spent a significant amount of time in London, where he produced many notable works, such as The Communist Manifesto and Capital (Das Kapital). Marx and his longtime friend and social theorist Friedrich Engels frequently worked together. Marx is well-known for his revolutionary writings that support Communist and socialism.
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What are 3 types of revolving credit?
Revolving, installment, and open credit accounts are the three different categories. Revolving credit, one of the most popular forms of credit accounts.
Credit is the trust that enables one party to loan another party assets or money with the knowledge that the second party would return the assets or pay the first party back at a later date rather than immediately. Reciprocity can be formalized, made enforceable, and extended to many unrelated parties through the use of credit. Resources can include money, goods, and services. A credit agreement is one that postpones payments. Credit is given to a debtor, also known as a borrower, by a creditor, also known as a lender. Within that range, scores can often be divided into one of five categories: bad, fair, good, and very good.
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What happens to demand when price increases?
The law of demand states that the Demand declines when price rises and decreases in quantity demanded (but demand itself stays the same). Quantity requested rises when the price declines.
The law of demand states that, all other things being equal, demand for a commodity changes inversely to its price. In other words, the level of demand decreases as price increases.
Because consumers' spending power is constrained due to their restricted resources, demand for a given good or service declines as prices rise. In contrast, as the product becomes more affordable, demand increases. Demand curves consequently slant down from left to right.
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Which of the following is a potential pitfall of a poorly planned or poorly run meeting?
O New objectives emerge for the next meeting.
O The facilitator steers discussion away from items not on the agenda.
O Everyone in the meeting speaks.
O Participants believe they could be doing more outside of the meeting.
Sherry is an unlicensed assistant for Hometown Realty. Janice is a broker-salesperson, and Dennis is her sponsoring broker. Which of these activities must either Janice or Dennis perform?
Negotiate a commission with a client
Assemble documents for closing
Write advertisements for broker approval
Follow up on a loan's processing status with a mortgage broker
Negotiate a commission with a customer's activities must either Janice or Dennis perform agreed-upon commission. An unfixed broker's commission that is negotiated and is based on the particulars of the trades executed.
Sellers can bargain to learn about a customer's preferences and make an effort to add value to raise the customer's willingness to pay by providing customization, additional goods or services, repeat-purchase discounts, loyalty points, and other incentives. Sellers can bargain to learn about a customer's commission preferences and make an effort to add value to raise the customer's willingness to pay by providing customization, additional goods or services, repeat-purchase discounts, loyalty points, and other incentives.
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What are 5 things you should do before buying a home?
The 5 things you should do before buying a home are the following:
The house's location.The dimensions of the lot.The amount of bedrooms.Quantity of restrooms.cost of the home.What is crucial when purchasing a new home?From the building materials used to the finishing touches, a home's quality will determine how enjoyable it is to live in. A perfect home must have practicality, aesthetics, and performance, as well as durability and value for money, to last for several lifetimes.
When buying a house, what are the three most important factors?To determine how much house you can afford to buy, you should look at your income, savings (for a down payment and closing costs), and recurring debt. The standard for a debt-to-income (DTI) ratio of 43 percent is a good starting point for getting a mortgage loan and being able to pay it back.
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