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2 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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What causes the economy to move from its short-run equilibrium to its long-run equilibrium? the government must increase spendin

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<span>An economy moves from short-run equilibrium to its long run equilibrium as a result of the upward adjustment of minimal wages, prices, and perceptions to a new price level. If government spending increases, total demand will increase as well.</span>

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2 years ago

a sound pulse takes 0.06s to reach the far end of the room and come back. what is the length of the room if the speed of sound i

lesya692 [45]

The answer is 5500 hope it helps

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3 years ago

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2 years ago

Holiday Shipping Express is considering a project that will require $28,000 in net working capital and $87,000 in fixed assets.

____ [38]

Answer:

the operating cash flow is $17,820

Explanation:

The computation of the operating cash flow is shown below;

Annual depreciation = $87,000 ÷5

= $17,400

Now

Operating cash flow is

= (sales - cash costs - depreciation) × (1 - tax rate) + depreciation expense

= ($75,000 - $57,000 - $17,400) × (1 - 0.3) + $17,400

= $420 + $17,400

= $17,820

hence, the operating cash flow is $17,820

7 0

2 years ago

Suppose Lisa's utility function is 4XY, where X is the consumption of beer and Y is consumption of pizza. For this utility funct

Evgesh-ka [11]

Answer:

Bundle 1: Beer = 2; Pizza = 6

Bundle 2: Beer = 3; Pizza = 4

Bundle 3: Beer = 4; Pizza = 3

Bundle 4: Beer = 12; Pizza = 1

Explanation:

Given that;

Lisa utility function UF(X,Y) = 4XY

where;

X = beer

Y = Pizza

$MU_X = 4Y$

$MU_Y = 4X$

The utility level = 48

so, UF(X,Y) = 4XY

putting different values of X (i.e beer ) given to us in this equation, we can calculate the values of Y(i.e pizza) to fulfill the utility

So; when X (beer) = 2

48 = 4×2×Y

48 = 8Y

Y = 48/8

Y = 6

Thus, Bundle 1: Beer = 2; Pizza = 6

when X (beer) = 3

48 = 4×3×Y

48 = 12 Y

Y = 48/12

Y = 4

Thus; Bundle 2: Beer = 3; Pizza = 4

when X (beer) = 4

48 = 4×4×Y

48 = 16 Y

Y = 48/16

Y = 3

Thus; Bundle 3: Beer = 4; Pizza = 3

when X(beer) = 12

48 = 4×12×Y

48 = 48 Y

Y = 48/48

Y = 1

Thus; Bundle 4: Beer = 12; Pizza = 1

3 0

3 years ago