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3 years ago

Opportunity costs occur when decisions are made. economists recommend that those decisions be based on what?

1 answer:

6 0

Those decisions should be based on COSTS AND BENEFITS.
In making decision on which course to follow, the decision made will be based on the costs of the products involved and the benefits that each one of them has to offer. The product with the lowest cost and the highest benefits should be chosen.

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Identify which of the factors below are better short-range predictors and which are better long-range predictors of movements in

alina1380 [7]

Answer:

Short range predictors:

c. Nominal interest rate differential

d. Psychological effects

e. Investor expectations

f. Bandwagon effect

Long range predictors:

a. Relative monetary growth

b. Relative inflation rates

Explanation:

Nominal rate, the real rate, and inflation. long term predictors of an economic theory in which a relationship between inflation, nominal interest rate and real interest rate is identified. It defines that real interest rate is equal to inflation minus nominal interest rate.

Bandwagon effect is a short range predictor because it is effect of uptake when people follow others. They take decisions what other do and its their belief that other people have taken the right decision so we too. This is just a short term hop based on beliefs regardless of any underlying evidence.

8 0

3 years ago

according to liquidity preference theory, a decrease in money demand for some reason other than a change in the price level caus

inna [77]

According to liquidity preference theory, a drop-off in money demand for some ground other than a change in the price degree causes The interest rate to go down, so the aggregate demand shifts.

<h3>What is aggregate demand?</h3>

The total amount of goods and services produced in an economy is the measurement of the aggregate demand.

The aggregate demand is shown as the total amount of money is exchanged at the particular price level and point in time.

Thus, The interest rate to go down,

For more details about aggregate demand, click here:

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8 0

2 years ago

Identify the role the government regulation serve in business.

castortr0y [4]

<span>The U.S. government has set many business regulations in place to protect employees' rights, protect the environment and hold corporations accountable for the amount of power they have in this business-driven society.</span>

8 0

3 years ago

The American Red Cross creates advertisements to encourage people to donate blood. After viewing one, Amanda decided to donate a

agasfer [191]

Answer:

The answer is: Yes, an exchange was made.

Explanation:

In marketing, an exchange happens every time two or more entities (people. organizations or businesses) trade products or services. Each trade should result in a utility created for each party involved. In other words, what you get in exchange is worth more (at least for you) than what you give.

In Amanda's case, an exchange is made because she donated blood and received a feeling of satisfaction and happiness in exchange.

4 0

3 years ago

An auto manufacturer sends cars from two plants, I and II, to dealerships A and B located in a mid-western city. Plant I has a t

Elis [28]

Answer:

Total transportation cost = 23,750

Explanation:

We can calculate how many cars should be sent from each plant to each dealer as follows

DATA

Plant 1 cars = 74

Plant 2 cars = 70

Demand

Dealer A needs 79 cars

dealer B needs 65

Shipping costs are

$300 per car from plant I to dealer A,

$130 per car from plant I to dealer B,

$180 per car from plant II to dealer A

$160 per car from plant II to dealer B.

limit total shipping costs to exactly $29,900

Start from the cheapest

$130 per car from plant I to dealer B.

$130 x 65 = 8,450

$180 per car from plant II to dealer A

$180 x 70 = 12,600

$300 per car from plant I to dealer A,

$300 x 9 = 2700

Total transportation cost = 8,450 + 12,600 + 2700

Total transportation cost = 23,750

3 0

3 years ago