1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kaheart [24]
1 year ago
6

You are considering starting a sandwich shop, but are comparing that to the idea of staying at your current job instead. Which e

conomic principle are you taking into account
Business
1 answer:
egoroff_w [7]1 year ago
6 0

The principle of opportunity cost is taken into consideration when considering starting a sandwich shop, but are comparing that to the idea of staying at your current job.

<h3>What is opportunity cost?</h3>

It is the value or benefit loss when an alternative is selected. The value of the job or product to be dropped will be given up to choose something else.

Therefore, the principle of opportunity cost is taken into consideration when considering starting a sandwich shop, but are comparing that to the idea of staying at your current job because of the benefits that will be forgone in the current Job.

For more details on opportunity cost kindly check

brainly.com/question/1549591

You might be interested in
The balance in the prepaid rent account before adjustment at the end of the year is $21,000, which represents three months’ rent
nikdorinn [45]
Rent for December is
21000/3months= 7000

The adjusting entry is
Debt to rent expenses 7000
Credit to prepaid rent 7000
6 0
3 years ago
Match the word with the best definition.
Bas_tet [7]

Answer:

1. Income determines who will get what is produced

2. Consumers decide what to produce by what they are willing to buy

3. Demand determines how much will be produced

4. Businessmen decide how to produce goods to make a profit

5. Producers the human resources that make the products or perform the services

Explanation:

1. Income determines who will get what is produced

The level of disposable income in a target market determines the quality and quantity of products that will channeled to that market.

2. Consumers decide what to produce by what they are willing to buy.

It is consumers that dictates the tune in market because they are the ones paying for the goods, they have the decision-making power on what they will buy which in turn determines what firms will roduce.

3. Demand determines how much will be produced. Demand is a measure of what consumers are willing buy and in what quantity. The size of demand determines the size of the market that firms are going to supply with their products.

4. Businessmen decide how to produce goods to make a profit.

Firms use the generic strategy of cost reduction (cost leadership) or quality improvement (Product differentiation) as strategic options to decide wihich alternative will yeild more revenue.

5. Producers the human resources that make the products or perform the services.

Producers are the people at the factory floor or service centers manufacturing the good or rendering the service.

6 0
3 years ago
How many economic impact payments were there in 2021.
olga2289 [7]

Answer:

three Economic Impact Payments

Explanation:

Recovery rebate credits (Economic Impact Payments) for 2020 and 2021. To provide financial relief during a pandemic, many Americans received three Economic Impact Payments (EIP) in 2020 and 2021. The third payment, which began rolling out in March 2021, served as an advance payment of the 2021 Recovery Rebate Credit.

6 0
2 years ago
Read 2 more answers
As the head of the engineering department for her company, Jody works with her team on complex and challenging projects. The lev
vagabundo [1.1K]

Answer:

Wide

Explanation:

Basically there are two spans of control namely; wide and narrow. A wide span of control is one in which a manager or supervisor interacts with many team members. In other words, the levels of hierarchy involved where there is a wide span of control is few. As such, this structure entails that a large number of the team members report directly to the manager.

The narrow span of control is one in which the manager supervises or interacts with a few team members. In other words, there is some level of hierarchy involved such that the managers direct subordinates are few and have subordinates who report to them.

To state it in another way, the wider the span of control, the fewer level of report or levels of hierarchy and the narrower the span of control, the higher the levels of hierarchy required.

In light of the explanation above, it can be deduced that Jody has a wide span of control over her team.

3 0
2 years ago
Founders should be wary of crowdfunding sites like Kickstarter, because these efforts require founders to give up large ownershi
Westkost [7]

Answer:

B. False

Explanation:

As the name suggests that crowdfunding refers to the funding for a project by having a small amount from the public at large in an internet

Since in the question it is mentioned that the founders should put efforts for giving the high stake of ownership with respect to high contributors before raising the funds to launch a product in the market

But this above requirement should not be necessary

Therefore the given statement is false

5 0
3 years ago
Other questions:
  • The two reasons why bankruptcy is a false concern about the public debt are:
    7·1 answer
  • Governments most often influence market conditions by:
    8·1 answer
  • John has to decide whether to buy a zero-coupon bond with very little risk that costs $950 and will pay $1085 in one year or put
    7·1 answer
  • Calculate owner equity in a business having 35,000 of assets and 10,000 of liabilities
    8·1 answer
  • The three conditions that characterize difficult managerial decisions concerning resources, capabilities, and core competencies
    10·1 answer
  • What are the three types of check endorsements used to deposit checks into a bank account? A. Blank endorsement, in-person endor
    14·1 answer
  • When listing a reference on your resume, you should: A) Use a fancy font and eye-catching color B) Not list references on your r
    6·1 answer
  • Ethan's Eggroll House, a calendar year corporation, purchased a new computer and printer in January for $1,500. In February, the
    6·1 answer
  • 5. Adliana wanted to start a business and he decided to open a grocery shop. He
    15·1 answer
  • According to_____if the money supply grows at 6%, real GDP grows at 2%, and the velocity of money is constant, then the inflatio
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!