Individuals A, B, and C have the following individual demand curves:
QA = 10 - P
QB = 18 - 3P
QC = 14 - .5P
Answers
The market demand curve is QD = 42 - 4.5P. This equation represents the total quantity demanded in the market at each price level.
The market demand curve, we need to sum up the individual demand curves of A, B, and C. The market demand curve represents the quantity demanded at each price level by all individuals combined.
The individual demand curves are as follows:
QA = 10 - P
QB = 18 - 3P
QC = 14 - 0.5P
To find the market demand curve, we sum up the quantities demanded by each individual at each price level:
QD = QA + QB + QC
Substituting the individual demand functions into the equation, we get:
QD = (10 - P) + (18 - 3P) + (14 - 0.5P)
= 10 - P + 18 - 3P + 14 - 0.5P
= 42 - 4.5P
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Related Questions
Sasha knows she frequently procrastinates when it comes to big projects for school. She has a big research paper due in ten days and she still hasn't started working on it. What would you recommend she do
Answers
I would recommend Sasha to break down the research paper into smaller tasks, create a schedule, and set deadlines for each task. She can also find a quiet and distraction-free environment to work in, eliminate distractions, and use techniques like the Pomodoro Technique to manage her time effectively.
Sasha can start by breaking down the research paper into smaller, manageable tasks. This will make the project less overwhelming and easier to approach. She can create a schedule or timeline that includes specific deadlines for completing each task. By setting smaller deadlines, Sasha can hold herself accountable and make progress steadily.
It's important for Sasha to find a quiet and distraction-free environment to work in. She should eliminate distractions such as turning off her phone or using website blockers to avoid temptation. Sasha can also try time management techniques like the Pomodoro Technique, where she works for a set amount of time (e.g., 25 minutes) and then takes a short break (e.g., 5 minutes) before starting again.
Additionally, Sasha can seek support from classmates, friends, or teachers who can provide guidance or motivation. They can help keep her accountable and offer assistance if needed. It's essential for Sasha to prioritize her tasks, stay focused, and take breaks when necessary to avoid burnout. By implementing these strategies, Sasha can overcome procrastination and make progress on her research paper.
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Which marketing analytics tool is used to measure the percentage of total market sales captured by a brand, product, or firm?
Answers
Market Share Analysis marketing analytics tool is used to measure the percentage of total market sales captured by a brand, product, or firm.
What is Market Share Analysis ?
Market share is the proportion of an industry's or market's total revenues achieved by a certain business over a given time period.
Market share is derived by dividing the company's sales for the period by the industry's total sales over the same period.
This indicator is used to get a sense of a company's size in relation to its market and rivals.
A market leader is a corporation in an industry with the largest market share and the most impact.
Implementing new technology and producing new revenue are examples of ways to gain market share.
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multiple choice-- economics
Entrepreneurs do all of the following EXCEPT ...
Come up with new ideas about what, how, when, and where to produce
Own all the other resources
Organize labor, land, and capital
Bear risk from business decisions
Answers
Entrepreneurs do all of the following except own all the other resources. Thus, the correct answer is option B.
Who are Entrepreneurs ?An entrepreneur is someone who has an idea and tries to develop a good product or service that others will purchase, together with a business to help them in their endeavour. An entrepreneur is seen as a visionary or an innovator since they take on the majority of the risk and responsibility for their new company.
An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods. An entrepreneur plans for labour, capital, and resources.
Therefore, Own all the other resources is not a role of an entrepreneur.
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Which of the following is not a cost classification? a. mixed b. variable c. multiple d. fixed
Answers
The cost classification system is an important tool for businesses to identify and track the different types of expenses incurred. It helps managers to make informed decisions about the allocation of resources, setting prices, and improving profitability. The four main types of cost classifications are fixed, variable, mixed, and multiple.
Fixed costs are expenses that remain constant regardless of the level of production or sales, such as rent, salaries, or insurance premiums. Variable costs, on the other hand, fluctuate with changes in production or sales volume, like raw materials or sales commissions. Mixed costs are a combination of fixed and variable costs, such as utilities or maintenance expenses that have both a fixed and variable component. However, multiple costs are not a recognized category of cost classification. This term may refer to a combination of different cost types or to costs that have multiple components. Therefore, the answer to the question is option c, multiple costs. Understanding the different types of costs is critical for effective cost management and decision-making in business.
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According to the law of demand, as prices increase, the quantity demanded by people .
Answers
Answer:
Quantity supplied will increase
Answer: decreases
Explanation: right on edmentum
Which type of interest will allow principal to grow quicker?
A) Compound
B) Simple
C) It grows the same.
This question is from economic and personal finance
Answers
Compound interest bases the interest paid each period on both the principal debt and any accrued but unpaid interest. Interest grows over time.
What kind of interest expands more quickly?It is obvious that money grows faster when it earns compound interest compared to when it earns basic interest. If you invest $2,000 at an interest rate of 8.5% compounding twice a year for five years, to return to the example above, your final total will be $3,032.43.
Simple interest or compound interest accumulates more quickly?Compound interest accelerates the growth of your money since it calculates interest on both the initial principal and the interest that has accrued over time. Compounding can have a snowball effect, where the initial investments grow along with the revenue generated by those assets.
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Which choice is an accurate fact about credit reports?
A. You can request one only if you have been turned down for credit
B. You can request one online or over the phone.
C. You can request one no more than once a year.
D. You can request one whenever you want.
Answers
Although Experian is the largest credit bureau in the United States, Equifax and TransUnion are widely regarded as equally significant and accurate. There is, however, a clear winner when it comes to credit scores: 90% of lending decisions are based on the FICO® Score.
Why would you want a credit report, and what exactly is it?Lenders use the information in your credit reports to assess your level of credit risk, or the likelihood that you will pay your bills on time. Therefore, it is essential to comprehend what a credit report is and what you would anticipate to find on one.
What exactly are credit reports?Credit Score a report on a person's creditworthiness that includes information about the person's identifying details, credit cards, late payments, bankruptcies, and savings balances.
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Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle
2. a payday loan
3. an unsecured installment loan
4. It decreases your monthly expenses, giving you more money to spend on other things.
5. Determine or estimate the current value of everything you own.
6. Their ability to repay a loan
7. your prior record of paying your bills and paying off your debts
8. your age and gender
9. You can request one online or over the phone.
10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.
11. -the lender that provided the incorrect information
-the credit bureau that prepared the report
12. right away
13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.
14. The longer the term, the more you will pay in interest.
15. It will cost you less money overall.
16. A store credit card generally comes with a higher interest rate.
17. You will save money if you pay the balance off quickly.
18. -Clarifying the confusing language found on credit card applications.
-Forcing lending companies to disclose interest rates and hidden fees.
19. It banned credit card companies from raising interest rates after missed payments.
20. -a fixed annual charge for the use of a credit card
-a charge if the minimum payment is not paid by the due date
21. paying off the balance before interest can accrue
22. $30
23. Determine which card has the higher interest rate and pay the extra money to that card first.
Explanation: All these answers are correct!
A person's cognitive biases are MOST likely to affect what?
Question 1 options:
how their brains filter information
whether they use email or instant messaging
how much money they make
what kind of jargon they use
Question 2 (1 point)
Which of these is a secondary emotion?
Question 2 options:
fear
jealousy
anger
sadness
Question 3 (1 point)
Every afternoon at one o'clock, the air conditioner in Emilio's office turns on to lower the temperature by five degrees. Emilio finds it way too cold and it distracts him from his work. In this case, which element is affecting his perception and emotions?
Question 3 options:
culture
personality
physical environment
social media
Question 4 (1 point)
Hotaru is from Japan, where it is very common for multiple generations to live together. She is not judgmental of a 25-year-old man who lives with his parents because of her what?
Question 4 options:
physical environment
personality
culture
age
Question 5 (1 point)
Danielle tends to roll her eyes when listening to her little sister tell a story. What step should she take to increase her emotional awareness to address this issue?
Question 5 options:
consider her own feelings
monitor her facial expressions
operate on trust
be more empathetic
Answers
In Psychology, framing effect can be defined as a cognitive bias wherein a person's choice from a group of options is primarily influenced by the positive or negative connotations pertaining to the options that are available.
What is cultural diversity?Cultural diversity can be defined as an existence of cultural variety and cultural differences due to the presence of several ethnic groups that are living within a society.
In this context, we can logically deduce that some examples of distinctive cultural characteristics that differentiate groups are:
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if the individual taking ownership of a project is identified early in the project, which information below is not reviewed at the transfer meeting? project requirements project scope project deliverables outstanding issues
Answers
In a transfer meeting, when an individual is taking ownership of a project, the information that is not reviewed is the "outstanding issues".
1. Project requirements: These are reviewed to ensure that the new project owner understands the necessary conditions or capabilities to complete the project successfully.
2. Project scope: This is reviewed to provide a clear understanding of the project's boundaries, including what is and is not part of the project.
3. Project deliverables: These are reviewed to identify the tangible outcomes or products expected from the project, so the new project owner knows what they need to achieve.
4. Outstanding issues: These are generally not reviewed during the transfer meeting, as the focus is on establishing the foundation and overall understanding of the project for the new project owner. Addressing outstanding issues can be done later, after the transfer meeting, as they pertain to problem-solving and progress tracking.
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Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation: 1. Acquired $30,000 cash from the issue of common stock. 2. Borrowed $40,000 cash from National Bank. 3. Earned cash revenues of $48,000 for performing services. 4. Paid cash expenses of $25,000. 5. Paid a $1,000 cash dividend to the stockholders. 6. Acquired an additional $20,000 cash from the issue of common stock. 7. Paid $10,000 cash to reduce the principal balance of the bank note. 8. Paid $53,000 cash to purchase land. 9. Determined that the market value of the land is $75,000.
what is the balance in the retained earnings account immediately after event 3 is recorded?
Answers
Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation. $118,000 is the balance in the retained earnings account.
The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders is known as retained profits.
This is the percentage of the company's equity that may be utilized, for example, to fund the purchase of new machinery, research and development, and marketing.
Cash + Land = $49,000 + $53,000 = $102,000 in assets.
Notes Payable + Liabilities = $30,000.
Retained Earnings plus Common Stock equals Shareholders' Equity, or $50,000 plus $22,000, or $72,000.
Shareholders' Equity + Liabilities = $30,000 + $72,000 = $102,000
Thus, the following is true for the accounting equation:
Liabilities plus shareholders' equity equal $102,000 as assets.
We have to find retained earning after the third event, so:
Common stock = 30,000
Add: Borrowed cash = 40,000
Add: earned cash revenue = 48,000
Total retained earnings = 118,000
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From the following Ledger balances of AB International, prepare a Trial Balance.
Answers
In preparation of our Trial Balance, we have an equal credit and debit side which equals to $65,745.
Prepare of Trial Balance for AB International:A trial balance can be used to identify mathematical errors in a double entry accounting system. If the total debits equal the total credits, the trial balance is considered balanced, and no mathematical errors should exist in the ledgers.
No Particulars L.F. Debit ($) Credit ($)
1. Purchases 12,000
2. Sales 25,000
3. Discount 1,200
4. Salaries 2,500
5. Wages 10,000
6. Cash in Hand 975
7. Cash at Bank 13,500
8. Repairs & Maintenance 870
9. Sundry Expenses 350
10. Mortgage 14,000
11. Mortgage Interest 250
12. Traveling Expenses 100
13. Insurance 150
14. Carriage 250
15. Commission 350
16. Rent and Rates 600
17. Building 6,000
18. Machinery 5,000
19. Delivery Van 4,000
20. Capital 20,000
21. Accounts Payable 3,200
22. Accounts Receivable 4,500
23. Opening Stock 2,450
24. Returns Inward 300
25. Reserve for doubtful debts 800
26. Notes Payable 2,745
27. Notes Receivable 400
Total $65,745 $65,745
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What was the opening price of Dow Jones Industrial Average on Sep 28, 2017 in the format of XXXXX.XX?
Answers
The starting price was $21080.28.
Calculation
On May 30, 2017, the Dow Jones Industrial Average was:
The Dow Jones Industrial Average finished at 21029.47 on May 30, 2917, a decrease of 50.81, according to valueline.com.
Index of closure: 21029.47+ downward motion = 50.8121080.28 is the opening index.According to this, the starting price was 21080.28.
The stock performance of 30 major firms that are listed on American stock exchanges is tracked by the Dow Jones Industrial Average. It is an index of stock price. The S&P 500 Index and the NASDAQ are two more.
The day's initial average price before trading began is represented by the starting index. The price must have fluctuated, moving up and down, while trade. By adding back, it can be deduced from this closing index data that the opening price was higher than the closing price by 50.81, or around 51 basis points.To Learn more about Averages and Opening Price, Click the links.
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An Environmental Protection Agency standard that limits the levels of contaminants in drinking water is an example of which type of policy? O Regulatory Confiscatory O Monetary O Allocative
Answers
An Environmental Protection Agency standard that limits the levels of contaminants in drinking water is an example of a regulatory policy.
Regulatory policy sets regulations and standards to protect public health and the environment from contamination.
Regulatory policies often address societal concerns and strive to balance competing interests. For example, environmental regulations aim to protect the environment while considering economic development, and labor regulations seek to ensure fair wages and working conditions while considering the needs of businesses.
The formulation and implementation of regulatory policies involve extensive research, stakeholder consultations, cost-benefit analysis, and enforcement mechanisms. Regulatory bodies, such as government agencies or independent commissions, are typically responsible for overseeing compliance with the established regulations and enforcing penalties for non-compliance.
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if nominal interest rates are at 10%, and real interest rates are 6%, what is the expected rate of inflation in this economy?
Answers
If nominal interest rates are at 10%, and real interest rates are 6%, the expected rate of inflation in this economy is 4%.
An interest rate is the amount of interest that is due each month stated as a percentage of the amount that was lent, deposited, or borrowed. The principal sum, the interest rate, the frequency of compounding, and the duration of the loan, deposit, or borrowing determine the total interest on a sum that has been lent or borrowed.
The annual interest rate is the rate of interest that is calculated over a year. Other interest rates, which are frequently annualised, are applicable over shorter time periods, such a day or a month. The government gives the central bank instructions on what interest rates to establish in order to accomplish its goals.
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On 3/1/X1 Landlord Co. received a $36,000 cash payment from Renter Co. to pay for a total of 17 months, starting in the current month. How much revenue should Landlord Co. recognize in the year ending 12/31/X1? Round your answer to the nearest penny.
(anyone know accounting?)
Answers
Answer:
revenue recognized is $21,176
Explanation:
The computation of the revenue recognized is shown below:
= received amount for 17 months × given months ÷ total number of months
= $36,000 × 10 months ÷ 17 months
= $21,176
The 10 month is calculated from March 1 to December 31
Hence, revenue recognized is $21,176
T/F most policies will pay the accidental death benefits as long as the death
Answers
The correct answer is False. Most policies will not automatically pay accidental death benefits. For accidental death benefits to be paid, the death must meet the policy's definition of an accidental death, and all the conditions and requirements stated in the policy must be satisfied.
While many insurance policies include accidental death benefits, it is important to note that the payment of such benefits is subject to specific terms and conditions outlined in the policy. Merely experiencing an accidental death does not guarantee automatic payment of accidental death benefits.
Insurance policies typically have provisions that define the circumstances under which accidental death benefits will be paid. These provisions often specify the criteria that must be met for the death to be considered "accidental" according to the policy's definition.
Common requirements include the death occurring within a certain timeframe after the accident, the accident being the direct cause of death, and the insured not having any exclusions or exceptions that apply to the specific accident.
Therefore, for accidental death benefits to be paid, the death must meet the policy's definition of an accidental death, and all the conditions and requirements stated in the policy must be satisfied. It is crucial for policyholders to carefully review their insurance policy documents and understand the specific terms and conditions related to accidental death benefits.
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Devon was surprised that his pay check was less than he had expected. His
paycheck was reduced because
had been withheld by his employer.
OA. incentives
B. commissions
C. gross pay
OD. deductions
Answers
The answer is C. Gross pay. Devon's paycheck was reduced because it had been withheld by his employer as gross payment.
"Gross pay" mean?Before any taxes, benefits, or other payroll deductions are done , an employee's gross salary is what they are paid. Net pay, often known as take-home pay, is the amount that is given after all withholdings have been taken into consideration.
Calculate my gross pay?Start by determining the total amount need for each pay period in order to see an employee's gross compensation. Hourly workers multiply their total hours worked by their hourly rate, plus any overtime. Employees on a salary split their yearly earnings by the number of pay periods.
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When choosing a distraction channel, the impact it has on an offering's costs can significantly affect the Of the offering and how much consumers are willing to pay for it
Answers
Hi, you've asked an incomplete question. However, I provided some explanations on distribution channels.
Explanation:
Interestingly, the term distribution channel is one often used in businesses today to refer to the various routes or intermediaries their goods or services passes through before it gets to the end-user or buyer.
Today the popular distribution channels among businesses include:
retailers,wholesalers,distributors, the Internet.Among the various options, the internet has been attributed by some big businesses to be most instrumental in their distribution process.
Christian is 33 years old, has been renting for the past five years, and is now thinking about purchasing a home by applying for a mortgage. Why is it important for him to check the information recorded on his credit report? Group of answer choices To confirm that his landlords' names are not on the report To verify the accuracy of his rental history To check the accuracy of his landlords' addresses To ensure that his roommates' names are on the report
Answers
Answer: To verify the accuracy of his rental history
Explanation:
Based on the scenario in the question, it is it important for Christian to check the information recorded on his credit report so as to verify the accuracy of his rental history.
He has to verify his rental history so as to know if there's a mistake or if the details written are not correct. To apply for the mortgage, he needs to ensure that the details are correct.
real income for a given year would be less than nominal income in that year if: group of answer choices the consumer price index was less than 100 in that year. nominal income in that year was greater than nominal income in the previous year. nominal income in that year was less than nominal income in the previous year. the consumer price index was greater than 100 in that year.
Answers
Real income for a given year would be less than nominal income in that year if the consumer price index (CPI) was greater than 100 in that year.
To understand why, let's first define real income and nominal income. Nominal income is the amount of money earned by an individual or a group during a specific period, without considering the effects of inflation. Real income, on the other hand, is the income adjusted for inflation, which means it takes into account the changes in the purchasing power of money over time.The Consumer Price Index (CPI) is a measure of the average change in the prices of goods and services purchased by households over time.
A CPI of 100 is usually used as a reference point for a base year, and a CPI greater than 100 indicates that the prices of goods and services have increased compared to the base year.For example, if your nominal income in a year is $50,000 and the CPI for that year is 110, you would calculate your real income by dividing the nominal income by the CPI and multiplying by 100: ($50,000 / 110) x 100 = $45,455. In this case, your real income is less than your nominal income because the CPI is greater than 100, indicating inflation.
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what can i do if my total in cash account is not the same in credit and debit side?
Answers
Answer:
Consider which items are meant for debit and credit.
Explanation:
The principle of double entry States that for every debit entries, there must be a corresponding credit entries and vice versa. This principle follow suits when preparing ledger accounts and trial balance.
Trial balance is the arithmetrical accuracy of the ledger. Once double entry principle is adhered to, the trial balance must definitely balance.
Where there are differences, check that items which ought to be debited and credited are correctly done. Also check if correct amount is posted like avoiding transposition error.
How to be a successful entrepreneur?
Answers
Answer:
Don’t take ‘no’ for an answer
Learn from the best
Stay hungry and ambitious
Never stand still; evolve with the times
Nurture long-term business relationships
Inspire those around you
Trust your gut instinct, not just your spreadsheet
Explanation:
It takes hard work and dedication and they are many free sources that is available today such as videos
Which of the following three situations is least likely to occur at the same time as the other two situations? Why?
1) Real GDP is less than potential GDP.
2) An economy in a strong, 5-year expansion.
3) An unemployment rate above the natural rate of unemployment.
Answers
Answer: I'm going to take a guess and say 1 and 3.
Explanation: Just taking a guess.
A model that shows the trade-offs and opportunity costs of producing an additional unit of a good relative to what must be given up in the production of another good.
Answers
Answer:
production possibilities curve (PPC)
Explanation:
The PPC is used to explain the tradeoffs that producers face when having to choose between 2 different alternative products or services. The more they choose of one product, the less they will be able to produce of the other product. Opportunity costs are the associated costs or benefits lost resulting from choosing one activity or investment over another alternative.
What is the primary responsibility of a customer service representative?
O making sales
O assisting customers
O handling transactions
O analyzing data
Answers
Answer:
assisting customers
Explanation:
Which statement best describes the relationship between credit and debt
when you use a credit card?
A. Your debt decreases as you use your credit card more.
B. Your credit decreases as you lower your debt.
C. Your credit stays the same as you lower your debt.
D. Your debt increases as you use your credit card more.
Answers
Answer:
D. Your debt increases as you use your credit card more
When you make a purchase something with a credit card, you are borrowing money from someone else. This puts you in debt. You will build up more debt from purchases until you pay the total amount due.
Hope this helps :)
Your debt increases as you use your credit card more is the statement best describes the relationship between credit and debt when you use a credit card. Thus, option (d) is correct.
What is credit card?
A bank will issue plastic or metal "credit cards" as forms of payment. When using a credit card, also known as a payment card, charges are made against a line of credit instead of the account holder's cash deposits. The credit card is more convenient as compare to cash.
By using credit card more frequently, the debt grows. They must pay the minimum amount due on credit card each month by the balance's due date in order to use one, at least.
Therefore, option (d) is correct.
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52. With respect to the bank reconciliation which is correct?
A. Subtract outstanding checks from the company's balance.
B. Add deposits in-transit to the company's balance.
C. Add service charge to the company's balance.
D. Subtract NSF checks from the company's balance.
E. Subtract interest earned from the bank's balance.
Answers
When doing a bank reconciliation, the correct procedure is to D. Subtract NSF checks from the company's balance.
What is an NSF check?They stand for Not Sufficient Balance.They mean that the person who deposited the check did not have enough money in their account to honor the check.As a result, the company would not get that money so this amount needs to be subtracted from the company account to show that the company never received this money.
In conclusion, option D is correct.
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The Kingdom of Mocha enjoys no absolute advantage in crude oil, diamonds, or wool. However, the Mochans manufacture high-quality bows and arrows. Which statement about the Mochans is true?
Answers
Answer:
The Mochans have a comparative advantage in the production of bows and arrows.
Explanation:
Comparative advantage is defined as the ability of a country to produce a product at a lower cost compared to other countries.
In such a situation it will be cheaper for other countries to buy the products than to produce it themselves.
In this scenario the Mochans manufacture high-quality bows and arrows, so they have comparative advantage in producing these goods.
However they have no absolute advantage in crude oil, diamonds, or wool. So they do not have comparative advantage in producing these products and will be better off buying them from other countries that produce them at a cheap rate
Opportunity Cost
in order to
v something else.
Opportunity cost is what must be
Opportunity cost forces consume
lucers to make
received
given up
replaced
Answers
Requiring managers to prepare the budgets from scratch or zero-base may help them to overcome the problem of:
Answers
Answer: Excessive cost
Explanation:
Zero-based budgeting is the sort of budgeting where when income is subtracted from expenses it gives zero. This sort of budgeting puts a measure of the expenses, it ensures the expenses matches the income. The purpose of the budget plan is to justify expenses and optimize cost, thereby look out for cost effective ways to plan and avoid inflated budgets. It primarily guides against excessive costs on projects.