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

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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

a monopolistically competitive market is characterized by

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Typically, the monopolistically competitive market have the attributes of having many firms, differentiated products and free entry/exit.

A monopolistic competition occurs when competitive firms produces or manufactures products or services that are similar and substitutes.

The characteristics of the monopolistically competitive market includes:

There are presence of many sellers in the marketThere is easy entrance and exit of consumers in the market There are differentiated products in the market

In conclusion, the monopolistically competitive market is characterized by having many firms, differentiated products and free entry/exit.

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THE Leo Frank case is one of the most notorious and highly publicized cases in the legal annals of Georgia. A Jewish man in Atlanta was placed on trial and convicted of raping and murdering a thirteen-year-old girl who worked for the National Pencil Company, which he managed.

The ________ value of a bond, also called the face amount or face value, is paid at a stated future date, known as the bond's maturity date. Multiple choice question. fair market value par selling price net realizable value

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The Par Value of a bond also called face amount or face value.

Par Value can also be called Nominal value is the  financial instrument  value be it  bond or stock of a corporate certificate at the time of issue.

Par value is also the lowest price per share for shares to be issued for full payout .Typically, most par value are set at $0.001 per shar or lower to reduce the amount paid to founders. It is calculated as Par value of preferred stock = (Number of issued shares) x (Par value per share)

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2. A company has the following liabilities as of December 31: Accounts payable $150,000 Notes payable (current portion) 217,000 Salaries and wages payable 55,000 Installment notes payable 1,140,000 Interest payable 32,000 Payroll taxes payable 15,500 What is the amount of total current liabilities reported on the balance sheet

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The amount of total current liabilities reported on the balance sheet equals $469,500.

Current liabilities entails set of amount or responsibility owed within an accounting period.

Particulars                                       Amount

Accounts payable                          $150,000

Notes payable (current portion)    $217,000

Salaries and wage payable           $55,000

Interest payable                             $32,000

Payroll taxes payable                     $15,500  

Total current liabilities                  $469,500

Therefore, the amount of total current liabilities reported on the balance sheet equals $469,500.

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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

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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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Answer:

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Answer:

1,2,3,4,5 hope this helps :)

Explanation:

An objective of the expense recognition (matching) principle is to have bad debt expense debited in ______.

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Answer:

An objective of the expense recognition (matching) principle is to have bad debt expense debited in ,Nation matching,

Monica has created her own cleaning solution. Monica's friends encourage her to sell the cleaning solution; they think it is so fantastic they believe Monica will make a lot of money on it. They encourage Monica to apply for a patent on the cleaning solution formula so that no one can copy it, and so Monica will be the only one who can sell it. Monica likes the idea of making a lot of money but knows she will have to reveal her formula to obtain a patent, otherwise she would have to keep it a trade secret. If Monica decides to apply for and receives a patent on the cleaning solution: __________

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If Monica decides to apply for and receive a patent on the cleaning solution, she must disclose the formula, but she has the exclusive right to make and sell it for twenty years.

This solution is based on US patent law, which seeks to encourage inventors to develop new technologies under the exclusive right of use for a limited time.

Patent law specifies a period of 20 years for the use of exclusive patent rights, which period may be extended if requested.

Therefore, if Monica decides to apply for and receive a patent on the cleaning solution, she will be able to make, use, sell and import her invention with the right to exclude others.

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Explain how a car dealer could create added value to the goods they buy in?

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Answer:

Explanation:

Car dealer:

Attractive show rooms, has a knowledgeable and well dressed car dealer assistants for helping customers, should have top-quality cars that are easily recognized by the customers.

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A compromise can only be reached when ______. A. Both sides agree b. One side agrees c. Neither side agrees d. An arbiter is involved Please select the best answer from the choices provided A B C D.

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Answer: Both sides agree

Explanation: I have my own company.

Answer:

a

Explanation:

just took the test

________ is a set of interdependent organizations that help make a product or service of a company available for use by consumers or business users.

Answers

Distribution Channel is the answer

Lately, Marcus has noticed a lot of customer complaints that items purchased from his web store don't meet expectations. What improvement to the website will best help to solve this problem so customers know better what to expect when they buy items from his website

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The improvement to this website that would best help to solve the problem so that customers would know what best to expect are High-quality product photos.

The issue is that there is disconnection between what the customers see and what they get.

In order to meet with customer complaints, Marcus has to listen to the problems that they seem to be having.

Then he has to effect the required changes by creating a connection between what his customers see and what they get.

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A decrease in accounts receivable will result in a(n) ___ in cash from sales revenue when using the direct method to determine cash flows from operations.

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When using the direct method to determine the cashflows from operations, a decrease in accounts receivable is an increase in cash.

When there is a decrease in accounts receivable:

It means that the accounts receivable has paid some of their debt It increases cash as a result of the payment of debt

Using the direct method, one will show that a decrease in accounts receivable leads to an increase in cash because the receivable would be reduced by a cash inflow.

In conclusion, a decrease in accounts receivable is an increase in cash.

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What do you call to the agreement between the company and the establishment that allows certain staff to charge back the costs and expenses to the company?​

Answers

Answer:

The Service Level Agreement (SLA)

Explanation:

A service-level agreement (SLA) is a contract between a service provider and its customers that documents what services the provider will furnish and defines the service standards the provider is obligated to meet. A service-level commitment (SLC) is a broader and more generalized form of an SLA. The two differ because an SLA is bidirectional and involves two teams. In contrast, an SLC is a single-directional obligation that establishes what a team can guarantee its customers at any given time.

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if, after reflecting on the nature of leadership you decide that all leaders must treat their followers with respect, then you have identified a leadership model.

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Answer:

Behavioral

Explanation:

the discovery of a large amount of previously-undiscovered oil in the u.s. would shift

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What will happen if there is discovery of a large amount of previously-undiscovered oil in the u.s. is that :

In long-run aggregate-supply curve to the right.

For aggregate supply curve shifts to the right, it can be deduced that at every price level, there is a production of higher quantity of real GDP.

This is usually referred to as  positive supply shock in economics.

Therefore, aggregate-supply curve to the right in the long run.

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suppose the government decides to intervene to bring the economy back to the natural level of output by using

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Government are known to set u different policies to regulate the economy. Suppose the government decides to intervene to bring the economy back to the natural level of output by using Expansionary monetary policy.

Expansionary monetary policy is known to expand the money supply faster than normal or even lower short-term interest rates.

It is known to be set up by central banks and comes about through open market operations. etc

This monetary policy often increases the money supply in an economy.

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All of the following are true statements about the workers in the Lowell factory system EXCEPT a they worked a maximum five days a week for eight hours a day b they were virtually all New England farm girls c they lived in company boardinghouses and were forbidden to form unions d they worked in factories where the windows were nailed shut

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The statement about the workers in the Lowell factory system which is incorrect is:

A. They worked a maximum five days a week for eight hours a day

According to the given question, we are asked to show the odd statement out from the given answer choices about the Lowell factory system which was not true.

As a result of this, we know that the Lowell factory workers were young girls who worked in Massachusetts in America at the height of the Industrial Revolution and they lived in company boarding houses, forbidden to form unions and the windows of the factories were nailed shut.

Therefore, the correct answer is option A

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Match the terms with their correct definitions.

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yaaaaaaaaaaaaaaahhhhhh

Capital State University agreed to pay for Irene to attend their school and play lacrosse for their team. As part of their arrangement, Irene is not required to pay the school back. Which form of financial aid did Irene receive

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Based on the information given the form of financial aid that Irene receive is: Scholarship.

Scholarship is a form of financial aid or financial assistance granted to an individual in order to support them.

Example when a person education or tuition fees is fully paid without the person paying a dime, it is called scholarship.

Based on the information given the financial aid that Irene receive is called scholarship because the university fully paid Irene tuition without Irene paying a dime.

Inconclusion  the form of financial aid that Irene receive is: Scholarship.

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If the population of a country is 1,000,000 people, its labor force consists of 500,000, and 40,000 people are unemployed, the unemployment rate is:

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Answer:

8.0 percent

Explanation:

To find the unemployment rate you:

Divide the number of people unemployed by the number of people in labor force (Employed and Unemployed)Then, multiply the number by 100

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Gossip and rumor in an organization are part of the ________, which itself is a type of ________ communication channel. Multiple Choice organizational chart; informal grapevine; informal grapevine; external organizational chart; external

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Gossip and rumor in an organization are part of the Grapevine, a type of Informal communication channel.

This is because a Grapevine is a form of an informal communication channel in a business organization. In this way, the information can be diffused from any level, either from bottom to top or top to bottom.

The information passed is usually in the form of gossip and rumor. It does not have official backing or formal approaches such as through emails of the business firm or signed and stamped letters.

Hence, in this case, it is concluded that the correct answer is Grapevine; and informal.

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the owl’s roost started out as a roadside farm stand that sold its organic fruits, vegetables, and homemade baked goods to customers driving by. as the popularity of its products grew, it began selling to the local markets, which made it easier for customers craving an owl’s roost peach pie to buy the pie directly from the nearby market, rather than from the farm stand, which was farther away. what type of marketing channel does this situation illustrate?

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Marketing channels are employed in a bid to aid the distributorship of goods to customers. The marketing channel that was employed by Owl's Roost in the above example is;

Indirect Marketing Channel with one Intermediary

Indirect marketing or indirect selling occurs when businesses employ one or more intermediaries to help out in the distribution of their goods to customers. This is what Owl's Roost applied in this case.

The local market that was employed to aid distribution is the one intermediary that Owl's Roost used to sell its organic fruits and vegetables.

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On January 1, 2022, Discipline Company, a calendar-year company, issued $800,000 of notes payable, of which $200,000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2022, is

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The proper balance sheet presentation on December 31, 2022, is: Current liabilities, $200,000; Long-term Debt, $600,000.

Based on the information the proper balance sheet presentation on December 31, 2022, will be current liabilities of the amount of $200,000 which is the amount  due on January 1 .

While the Long-term Debt will be$600,000 calculated as:

Long-term Debt=Notes payable- Due amount

Long-term Debt=$800,000-$200,000

Long-term Debt=$600,000

Inconclusion the proper balance sheet presentation on December 31, 2022, is: Current liabilities, $200,000; Long-term Debt, $600,000.

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Why might an employee complain to their employer?

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It’s usually because they don’t feel heard.

.What can U.S. multinational firms do to regain and maintain their leadership in global branding?

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Answer: Steps that United States firms have taken to regain a competitive edge in the global marketplace include pursuing an increase in productivity, embracing innovation and new ideas, having highly skilled individuals, and reshoring.

Explanation:

U.S. multinational firms can bring improvement in their process as well as the quality they offered in order to regain their leadership in global branding.

What is Leadership?

Leadership is referred as the art of directing and influencing people or groups of people in an organization with pleasing efforts to gain their support and help them to grow by providing better direction.

To regain the market share as well as to achieve leadership in global branding they have to bring innovation to the customers by offering quality and quantity in their offered products and services.

Their focus is to regain the trust of customers so they should focus on satisfying them with maximum services at a minimum cost by increasing their experience with the goods and services of your organization.

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Your firm is considering an investment that will cost $920,000 today. The investment will produce cash flows of $450,000 in year 1, $270,000 in years 2 through 4, and $200,000 in year 5. The discount rate that your firm uses for projects of this type is 11.25%. What is the investment's net present value

Answers

Based on the information given the investment's net present value is $192,369.06.

Using this formula

Net Present Value(NPV)=-Initial cost+ Cash flow during time period/(Discount rate+ Cash flow time)

Let plug in the formula

NPV=-920,000+450,000÷(1+0.1125)^1+270,000÷(1+0.1125)^2+270,000÷(1+0.1125)^3+200,000÷(1+0.1125)^4

NPV=-920,000+450,000÷(1.1125)^1+270,000÷(1.1125)^2+270,000÷(1.1125)^3+200,000÷(1.1125)^4

NPV=$192,369.06

Inconclusion the investment's net present value is $192,369.06.

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Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called

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Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.

Prestige products are products that are of a high quality, high value and costly which are often purchased by people because of the benefit they will derived from it.

Most people tend to buy prestige products in order to increase their status in the society and they will often go for the product without minding how costly the product are.

Example of prestige product is buying a luxury car or items such as wrist watch that are very expensive.

Inconclusion products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.

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Margin in a futures transaction differs from margin in a stock transaction because a. stock transactions are much smaller b. delivery occurs immediately in a stock transaction c. no money is borrowed in a futures transaction d. futures are much more volatile e. none of the above

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Answer:

Margin in a futures transaction differs from margin in a stock transaction because a. stock transactions are much smaller b. delivery occurs immediately in a stock transaction c. no money is borrowed in a futures transaction d. futures are much more volatile e. none of the above

Explanation:

transaction d. futures are much more volatile e. none of the above

The sales interns of Nortrom Inc., an electronics company, call the company's potential clients and inform them about the company's various products and offers. In this scenario, the sales interns of Nortrom Inc. are engaged in _____.

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Answer:

whys it taking so long to load bro

Explanation:

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