explain one opportunity cost in relation to consumers and producers and government (6)​

Answers

Answer 1
Opportunity cost is the cost of missing out on the next best alternative. In other words, opportunity cost represents the benefits that could have been gained by taking a different decision.

All businesses have to make choices - and those choices have implications.

In business, resources are usually scarce or limited. Decision are made under circumstances of uncertainty and taking one course of action or decision may affect business ability to take an alternative action.

Opportunity cost measures the cost of a choice made in terms of the next best alternative foregone or sacrificed.

Examples of Opportunity Cost in the Business & Economic Environment

Work-leisure choices

The opportunity cost of deciding not to work an extra ten hours a week is the lost wages given up.

Government spending priorities

The opportunity cost of the government spending an extra £10 billion on investment in National Health Service might be that £10 billion less is available for spending on education or defence equipment.

Investing today for consumption tomorrow

The opportunity cost of an economy investing resources in new capital goods is the production of consumer goods given up for today.

Use of scarce farming land

The opportunity cost of using farmland to grow wheat for bio-fuel means that there is less wheat available for food production, causing food prices to rise

Trade-offs

A trade-off arises where having more of one thing potentially results in having less of another. The table below lists some examples of how trade-offs often arise in business - as a result of resource scarcity.

Related Questions

Which of the following most directly made possible the ideas described in the excerpt? The emergence of monopolies that dominated entire businesses Answer A: The emergence of monopolies that dominated entire businesses A Innovations including textile machinery, steam engines, and interchangeable parts Answer B: Innovations including textile machinery, steam engines, and interchangeable parts B Farmers’ creation of local, regional, and national organizations that resisted corporate power Answer C: Farmers’ creation of local, regional, and national organizations that resisted corporate power C The significant influence of organized labor unions

Answers

Answer:

innovations including textile machinery, steam engines, and interchangeable parts

Explanation:

Through innovations like textile technology, steam engines, and interchangeable parts, monopolies that controlled the entire industry began to form.

What is a monopoly?

Monopoly is when there is little to no competition and consumers are compelled to purchase a specific good or service from one company when one business and its product dominate an entire industry.

Monopolies are prohibited in free-market systems because they restrict customer options and reduce competition. A monopoly limits the range of available product options and makes it challenging for competitors to enter the market. Monopolies could lead to unethical corporate practices. Certain monopolies, such as those in the power industry, are subject to government regulations.

Antitrust laws are in place in the US to prevent monopolies and ensure that one business cannot control a market and use that control to exploit its customers.

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Managers should expect to encounter criticisms, disagreements, and other on-the-job conflicts regularly. true flase

Answers

Answer:. True

Explanation:I just finished this test and got it right.

Managers should expect to encounter criticism, disagreements and other on the job conflicts to avoid clash between employees.

What is on job conflict?

On job conflict is a conflict in which the two employees disagree at some point in a work place. There can be healthy conflict which can bring new ideas to help the company grow and reach its objectives, however the manager should closely monitor on the job conflicts between employees and should try to resolve them immediately.

Therefore the statement is True

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The expansion of global markets is a major factor in developing global information systems to handle _____ demands of integrated worldwide services.

Answers

Answer:

the fill in the blank answer is: the customer's

Explanation:

What u.s. city, whose inflation rate recently measured 7.9 percent, has the highest such rate in the nation?

Answers

Answer: Atlanta

Explanation:

CNN 10 goes over this.

Question: Choose the products that are regulated by federal tobacco sales law:
C
O Chewing tobacco
Cigars (including regular, little, and flavored cigars)
O Rolling papers containing tobacco as an ingredient
O E-cigarettes & e-liquid
O All of the above are regulated

Answers

All of the above are regulated :)

Company D has 4 investors
Investor 1 has 200 shares
Investor 2 has 350 shares
Investor 3 has 725 shares, and
Investor 4 has 975.
Company D had a good quarter and decides not to pay a dividend. Investor 1 decides to sell all shares owned in the company. The investor bought 200 shares for $10/share and the stock is now trading at $25/share. Calculate the net profit/loss for the investor. Remember SMG charges a 2% commission on all transactions.

Answers

Answer:

Explanation:

When the investor bought their 200 shares at 10 bucks it cost them

200*10*1.02= 2040

When the investor sold their 200 shares at 25 bucks it got them

200*25*.98=4900

4900-2040=2860

Step 1 of 12 In this lesson you will shop to find the best car that you can afford and figure out whether leasing or an outright purchase is more economical. You have an apartment and a job that provides a steady income. Click Reports>>Bank Statements and write down the ending balance of your most recent bank statement. Click the X button to close the bank statements window. What is your ending balance

Answers

To know if it is better to rent a car or buy it according to a person's income, it is necessary to evaluate different factors.

The first factor that a person must take into account to compare whether it is better to buy a car or rent it is the income that he receives each month. For example:

If a person receives $ 800 a month, his income is low, making it impossible for him to buy or rent a car for a long time.

On the other hand, if a person receives $ 4,000 a month, he has the facility to buy or rent a car according to her/his preference. Some people prefer to rent a car because they do not have to spend money on repairs and other expenses, while other people prefer to buy it to have it for a long time and have it available all the time.

This situation varies according to other factors such as the purchase value of the car, the monthly rental value, the value of the repairs, the value of the fuel, among others.

Note: This question is incomplete because it does not have the complete information.

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Starting in the late 1600s, as economies started to grow,: Multiple choice question. the mobility of the people within them stagnated. governments became socialist. the standards of living of the people within them grew also. populations began to age quickly.

Answers

Answer: it is the standards of living of the people within them grew also.

Explanation:

In most cases, the reason products cost relatively little in one country and cost more in another is the Group of answer choices profiteering measures taken by exporting companies. consistency in perception of quality in all countries. inelastic demand of most consumer goods. requirement that all export goods must use set skimmed price. higher costs of exporting.

Answers

The main reason why cost of product is little in one country and more in another is because of

profiteering measures taken by exporting companies.higher costs of exporting.

Cost of exportation of goods, taxes, original product cost, Profit measures are all part of reasons why exported goods are more higher in cost when compared to the cost in producing country.

The company who imported the product will ensure its makes profiton the sales and also, the cost of moving the product into the country are usually high, therefore, they all contributed to the high cost

Therefore, the Option A and E is correct because profiteering measures taken by exporting companies and higher costs of exporting contributes to the higher cost of exported products

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what famous type of cryptocurrency was recently valued at more than $64,000 per unit, though its value has fluctuated wildly in the past?

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The famous cryptocurrency that was recently valued at the staggering amount of $64,000 is Bitcoin.

Bitcoin:

Is the most popular cryptocurrency there is Has had its value fluctuate wildly in the past Was recently valued at $64,000.

Bitcoin was the first cryptocurrency and has seen its value change wildly in the past due solely to the forces of supply and demand. It is however going strong at the moment.

In conclusion, the crypto described is Bitcoin.

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Which document not only helps in a job search but also helps in job advancement?Apart from a job search, a “blank”
also helps in job advancement.

Answers

Answer:

resume

Explanation:

A resume aids the job-seeking process in that it: organizes experiences and skills.

The document not only helps in a job search but also helps in job advancement. Apart from a job search, a resume also helps in job advancement.

What is job?

The term “job” refers to being employed by a particular company. The job creates an opportunity to build a career. A job provides financial support and allows you to gain experience. There are producers, builders, thinkers, and improvers.

A resume assists in the job-search process by organizing experiences and skills. A resume is required for nearly everyone who applies for a job. A brief written account of your schooling, qualifications, and past positions that you send to a company when looking for work. A resume is a legal statement created by a job candidate to list their qualifications for a job.

As a result, the document not only helps in a job search but also helps in job advancement.

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Aster Technologies Inc., a firm that sells inventory management software, has labor savings of 20% (0.33), a product warranty of five years (0.42), a competitive price (1.0), and no customer callbacks (0.83). Calculate its customer value index (CVI). (Hint: Read pages 144-146)

Answers

The customer value index is 2.58

The labor savings of the firm at 20% = 0.33

The product warranty of five years = 0.42

The competitive price = 1.0

The no call backs = 0.83

In order to get the customer value index, the next approach would be to add up all of the sums together.

0.33+0.42+1.0+0.83 = 2.58

In conclusion the Customer value index = 2.58

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________ is largest employer in the country and the largest purchaser of goods and services in the world.

Answers

The largest employer in the country which can also be regarded as largest purchaser of goods as well as services is U.S. federal government.

U.S. federal government can be regarded as national government of the United States, which is composed of self-governing territories as well as several island.

She serve as one of the major force in the world market, and that is why many countries relied on their exports.

Therefore, U.S. federal government is right.

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Retailing includes all activities involved in the: _______________

a. selling, renting, and providing of products and services to ultimate consumers for personal, family, or household use.
b. selling of tangible products to ultimate consumers for personal, family, or household use.
c. selling of tangible products to ultimate consumers for personal, household, or industrial use.
d. selling, renting, leasing, or reselling of products and services to ultimate consumers or small industrial users.
e. selling, renting, and providing of products and services without retaining the title to these offerings.

Answers

Retailing includes all activities involved in the: selling of tangible products to ultimate consumers for personal, family, or household use.

There are two major middlemen in the distribution of products:

Wholesale: This is a middleman who buys directly from the producer in large quantity and sells to retailers in small quantity.

Retail: The retailers buys in small quantity from the wholesaler and sells in units quantities to the final consumers. The retailer is the closest to the consumer in the distribution chain and he gives information about a product to the consumer.

Therefore, the retailers sells to consumers who use a product for personal or household use.

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Retailing includes all activities involved in the:  a. selling, renting, and providing of products and services to ultimate consumers for personal, family, or household use.

Retailing refers to the act of selling products and services for the consumption of the final consumers. There is no reselling of the products at this stage.

The consumer uses the products and services for his personal benefit. Therefore, option A is correct.

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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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Phil Frugal has been saving his pennies since he was 5 years old. He is now 45 and deposits his savings in a bank. His pennies total $5,000. Using this information and your knowledge of the banking system, select the best match for each item. Then calculate the values of reserves, required reserves, and excess reserves. Assume a required reserve ratio of 10%.

Answers

To calculate the values of reserves, required reserves, and excess reserves, while assuming a required reserve ratio of 10%, we have the required reserves to be $500.

This is because based on the assumed reserve ratio and the knowledge of the banking system, the required reserves is calculated as below.

Required Reserves: $5,000 × 0.10= $500.

Also, the calculated amount for the excess is: $4,500.

Where Required Excess: $5,000 - $500 = $4,500

The Reserves: $5,000.

Hence, in this case, it is concluded that the Required is $500, while the Excess is $4,500 and the Reserves is $5,000.

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Because the amount paid is linked to certain predefined behaviors or outcomes, ______ is specifically designed to energize, direct, or maintain employees' behavior.

Answers

Answer:

Umomgey

Explanation:

Based on the amound paid by the FKSA, you will be able to govern an employees relations and beahviors.

Incentive pay  is specifically designed to energize, direct, or maintain employees' behavior.

What is Incentive pay  ?

Performance-based compensation known as incentive pay pays an employee for achieving predetermined goals or objectives. This payment may be made in the form of cash, stocks, extra paid time off, gifts, etc.

Instead of paying for the amount of hours worked, incentive pay is a monetary reward for achievement. The theory is that the possibility of cash reward will encourage the employee to meet specific performance goals or financial targets.

The basic goal of incentives is to tightly link employee rewards to their accomplishments. By offering greater remuneration for superior performance, this tie is achieved. Individuals will typically work harder because their performance depends on producing more and getting more rewards.

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Shimmer Incorporated is a calendar-year-end, accrual-method corporation. This year, it sells the following long-term assets: Asset Sales Price Cost Accumulated Depreciation Building $ 737,000 $ 718,000 $ 44,000 Sparkle Corporation stock 168,000 231,000 n/a Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $879,000. What are Shimmer's taxable income and tax liability for the year

Answers

Shimmer Incorporated's taxable income is $879,000 and the tax liability for the year is $184,590 at a 21% corporate tax rate.

Data and Calculations:

Asset                                    Sales Price    Cost     Accumulated   Capital Gain

                                                                                Depreciation     or (Loss)

Building                                $ 737,000 $ 718,000   $ 44,000      $63,000

Sparkle Corporation stock     168,000    231,000     n/a              ($63,000)

Net Capital Gain or (Loss) = $0

Taxable income before capital gain transactions = $879,000

Add net capital gain or (loss) =                                     $0

Adjusted taxable income                                           $879,000

Tax liability (21%) = $184,590 ($879,000 x 21%)

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When an advertiser has something important or new to announce to a target audience, a(n) ________ headline will be used.

Answers

Eye catching, bold, commemorative, all of these work hope this helped.

CORRECT ANSWER GETS BRAINLIEST!!!!!

Calculate the closing price of a bond that has a face value of $1,000 and is closing at
101 7 8 percent of the face value.
O $1001.78.
O $1000.75.
O $1018.75.

Answers

Answer: C 1,018.75

Explanation:

Here ill help yall.

C

C

A

C

C

C

B

D

B

C

100%

Correct if not leave a dislike

Business Management II B

Answer:

$1,018.75

Explanation:

How to Calculate the price of a bond

1. Locate the percent of $1,000 that the bond was selling for at the close of the day.

1.01875 (to get this amount in this question, 7/8 = 0.875, then add to 101 = 101.875. Multiply 101.875 * 100 = 1.01875.)

2. Multiply the decimal equivalent of the percent by $1,000.

$1000 * 1.01875 = $1,018.75

3. Round the product to the nearest cent, if necessary.

When Clorox introduced bleach in a no-drip bottle, the firm was taking action consistent with its product being in the ____ stage of the product life cycle.

Answers

Answer:

maturity

Explanation:

the graph above reflects a significant increase in world oil prices. what will the impact on aggregate supply most likely lead to?

Answers

Since the graph reflects a significant increase in world oil prices, the impact on aggregate supply will result in an increase in input prices.

It should be noted that an increase in the prices of oil will affect the aggregate supply. The aggregate supply simply means the total supply of goods and services that are produced in an economy at a particular period.

The impact on aggregate supply most likely leads to an increase in the prices of inputs. Since there's a rise in prices of world oil, it'll lead to inflation and hence result in an increase in input prices.

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throughout the years, various beer companies have entered and exited the market. anheuser-busch in the 1960s had a little over 10% market share but has grown to about 50%. when anheuser-busch decides to change its prices on beer, the other beer manufacturers do the same. what type of competition-based pricing does this illustrate?

Answers

Answer:

price leader/follower

Explanation:

The type of competition-based pricing used by other beer manufacturer is the Price leadership type of competition-based pricing

Basically, the competition-based pricing refers to price decision-making by a firm which are majorly influenced by the price its dominant competitors of same product.

There are three type of competition-based pricing and includes Price leadership. Predatory pricing and Going-rate pricing.

The Price leadership is a type of competition-based pricing where setting of prices in a market by a dominant company are followed by others company in same market.

Therefore, the type of competition-based pricing used by other beer manufacturer is the Price leadership.

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Question 1 of 10
Which action will not protect your credit?
A. Disputing errors
B. Considering a credit freeze
C. Reviewing credit reports yearly
D. Applying for multiple loans

Answers

Answer:

I don't know the answer but I'm gonna go with D

Disputing errors will not protect your credit. Thus, option 'A' is the correct option.

What is the best way to protect your credit?

Freeze your record at each of the four credit bureaus—Equifax, Experian, TransUnion, and Innovis—for optimum protection. The websites of each bureau are where you may accomplish this. Your report can be frozen for free and then unfrozen at any moment, for example, to submit an application for a new loan. Prior to approving a new mortgage, auto loan, or credit card, the majority of lenders review your credit record.

The ability to view this report is restricted by a freeze, making it more difficult for identity thieves to create new credit accounts in your name. Once you've opened a Social Security account, make sure to freeze your report. Fraud may be the cause of a rapid drop in your credit score. It's crucial to monitor this quantity because of this.

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What economic goal does the Securities and Exchange Commission (SEC) help the government achieve the most

Answers

Answer: promote economic prosperity

Explanation:

In a business process, ________ are defined as collections of related tasks that receive inputs and produce outputs.

Answers

Considering the business undertakings, in a business process, activities are defined as collections of related tasks that receive inputs and produce outputs.

Activities in business involve many processes that include the start and end point to the sales of the products or services.

Business activities usually include the following:

Creating BudgetGrowing SalesMarketing PlanFinancial analysisAccounting operation Customer serviceHuman resources, etc.

Hence, in this case, it is concluded that the correct answer is "Activities."

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describe the benefits of having an electronic resume

Answers

Answer:

Online resumes offer more flexibility and room for creativity than their printed counterparts. Here are just a few benefits of using an online resume service: Undoubtedly, some of your skills and prior experiences are more relevant to some jobs/companies than others.

Explanation:

hope it helps

Labeling is important for four specific reasons, including identification, promotional and legal reasons. What is the fourth reason

Answers

Answer:

informational

Explanation:

i know were not suppost to do this but cheeck out quizlit

Labeling is important for four specific reasons that are identification, promotional, legal, and informational reasons.

What is the importance of labeling?

The identification of different batches of products becomes easy through labeling that grabs customers' attention.The promotional activities through labeling are done by providing a description and usability of the product. The legal issues could be eliminated by adhering to proper labeling laws.This gives vital ingredients, manufacturing dates, and other vital information to customers.

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If you learn now how to speak effectively in public, you are more likely to be personally and financially successful in the business world. Can you imagine limiting your salary by 10 percent because you never tackled this fear

Answers

Answer: Worst- and best-case scenarios

Explanation:

the redwood company determined that its balance in its accounts receivable account represented 23% of total assets and that cost of goods sold represented 38% of total revenue. these findings are the result of

Answers

Considering the situation described above, these findings are the result of "Vertical Analysis."

This is because Vertical Analysis is a form of analysis conducted in a business firm to express their financial statements.

It is written or described in percentages or proportional calculation.

In vertical analysis, the items on the documents are represented as a percentage of another item, such as accounts receivable account represented 23% of total assets and that cost of goods sold represented 38% of total revenue.

Hence, in this case, it is concluded that the correct answer is "Vertical Analysis."

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