It is the highest-valued alternative, forgone, that is the ________ of the thing that you choose to do. occasion expense opportunity cost prospect charge expectation expenditure

Q: Can I also have answers D and E? Thank you!!!

A: The loanable funds market describes the process of borrowing. Savings provide the source of loanable…

Q: The opportunity cost of a decision is the sum of all the foregone benefits that you'd receive from…

A: Every choice needs a trade-off because resources are limited. Opportunity cost arises when there is…

Q: Steven has a job - manual labor at the railways - in which he lays down railway track True or False

A: Manual labor at the railways in which Steven lays down railway track is considered as job.

Q: The value of the next best alternative that had to be given up to do the action that was chosen is…

A: The next best alternative that had to be given up to do the action that was chosen is known to be…

Q: Disloyalty IS talking the company and its products down, discouraging prospective employees. Select…

A: THESE CASES WILL BE EXPLAINED WITH THE HELP OF THE TERM CORPORATE MORALITY

Q: a practice test of something new or unknown to discover its -- effectiveness tried and tested back…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Which of the following are systematic errors?…

A: Error in economics means behaviour of the person that diminishes the probability of attaining his…

Q: __________ is the value of the next best alternative that is being given up. a. Production cost b.…

A: While producing any good or service, a producer employs a number of resources. It has to pay those…

Q: Need proper explanation

A: Central bank is the head of all commercial banks. There are many responsibilities that the central…

Q: What we sacrifice, or give in return, when we make a decision or make a choice is: Response option…

A: Since the resources are scarce, there is a tradeoff between goods.

Q: What factors are used to judge if consideration is adequate to ensure a fair bargain? Choose 2…

A: For a consideration to be real, both sides must make a pledge. This means that one party must make a…

Q: Are options b through e correct or incorrect?

A: A price ceiling is the commanded most extreme amount a dealer is permitted to charge for a product.…

Q: Economics helps managers understand goal-oriented decision making.

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Examples of tradeoffs that have both monetary and non monetary cost

A: In simple terms, trade-off is giving up one thing to get the other thing. Due to the scarcity of…

Q: There is value in evaluating the products you buy out of habit because you may find that you have…

A: In a market, there are various types of products offered by the producers from which some of the…

Q: Economics helps managers focus on key issues. • Economics helps managers understand goal-oriented…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Is updating products to be better and different is considered an innovative product and thus…

A: Every firms have objective to make their profit Maximized and increase the market base . For that…

Q: examples of personal decisions (could range from small matters to big life-changing decisions) in…

A: A way the world tends to look, analyze and work by comparison of the costs of an action with the…

Q: Risk refers to potential loss due to damage of the goods. Select one: True

A: True

Q: production for the individual consumer or firm will be where _________________________.   Marginal…

A: Marginal cost is the additional cost incurred with an additional unit of  output produced.

Q: High risk, high reward; low risk, low reward; no risk, no reward.” In the required rate of return,…

A: The measure that depicts the gain or loss of an investment over a certain time period that is…

Q: Why do we prefer a shorter payback period if other things are equal?

A: Payback period is the time required to cover the cost of the investment or the time required by the…

Q: Attempts 1. Average 1/2 2. Determining opportunity cost Juanita is deciding whether to buy a dress…

A: Junita wages per hour=$16  The opportunity cost of time=2(16/(60/number of minutes she takes)  The…

Q: John is a consumer of Ziploc bag he buys them to store things in his kitchen true or false

A: These bags are reusable because of resealable property.

Q: Which choice could help a student prove the claim made in Document B? 1. Statistics indicating a…

A: Prices refer to the amount that consumers in a particular market are willing to pay in exchange for…

Q: When people make a choice it is something the basis is more benefit than cost more useful to you…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Chicken Little is risk-neutral, but is concerned about the sky falling. She believes that there is a…

A: A person always compares the value of the risk with value of the insurance in order to weigh the…

Q: An opportunity cost is the: a. monetary price paid for a good or service. b. cost of finding the…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Why should managers consider ethical relativism when doing business in a foreign country?

A: Business ethics alludes to executing appropriate business plans and practices as to putatively…

Q: The time value of money is created by:

A: The concept of time value of money or TVM is essentially brought about by the fact that people…

Q: A rational student will continue to studying in a given study session until a) the total value of…

A: Opportunity cost expresses the relationship between scarcity and choice. Opportunity cost is the…

Q: Benefits received in the future are adjusted to their present value (discounted) because:  a. they…

A: Trade off happens due to limited resources and unlimited wants.

Q: ___________ is the amount or subjective value that is forgone in choosing one activity over the next…

A: The cost demonstrates the amount incurred during the manufacturing process of the product/service by…

Q: Evaluate the following statements and identify if it falls on a positive or negative statement.…

A: Whereas Positive statement is based on facts and figures which can be tested and verified with given…

Q: how "framing effect" in economy from behaviorual economy affects managers decision making for…

A: Business requires production. Production activities around the world have increased due to growing…

Q: This pertains to the characteristics of the business or project that could endanger the…

A: SWOT is a form of business analysis technique. It is a four-pronged evaluation of the business in…

Q: Design an Ethical Organization, the "tone at the top" is a much more significant driver of…

A: Answer Explanation: According to the HBR article, “Most leaders intuitively acknowledge the…

Q: You pay a cover charge of $50 to get into a popular local nightclub. As the DJ is playing and you…

A: Opportunity cost is the cost that is incurred by giving up the next best alternative while making a…

Q: True or False: If you make sound financial decisions, you'll be able to live within your means. True…

A: Sound financial decisions are very important for a healthy and risk free life. It includes, making…

Q: Difficulty: Jerry's Auction House in Purloined Hubcap, Oregon, holds sealed-bid used-car auctions…

A: A bidder is a person who offers to acquire an item from a seller at a defined price in a market.An…

Q: In economics the cost of doing somethin is  a) the value of the next best opportunity not taken b)…

A: The costs(C) faced by economists include accounting-cost, explicit-cost, implicit-cost,…

Q: (True, False, or Uncertain) A rationally inattentive consumer may not always choose the best option…

A: When talking about a rational consumer, he is the person who make a purchase of any good after…

Q: A rational decision-maker takes an action only if the Select one: O a. marginal benefit is less than…

A: A rational decision-maker is an individual who takes decisions considering all the factors that…

Q: Discuss the principles of individual decision making with examples

A: People continuously make decisions. Their behavior determines the behavior of the economy as the…

Q: Erik wants to save more, but whenever a paycheck arrives, he ends up spending everything. One way to…

A: Saving: Saving is pay not spent or conceded utilization. Strategies for setting aside incorporate…

Q: hich of the following is the first step in self-leadership? Multiple Cholce establishing client…

A: Every successful leader possesses a number of crucial characteristics. A great sense of…