Answer:
The idea behind opportunity cost is that the cost of one item is the lost opportunity to do or consume something else; in short, opportunity cost is the value of the next best alternative. Click to see full answer Herein, what is opportunity cost give example? Opportunity cost is the profit lost when one alternative is selected over another.
Explanation:
Answer:
The Fifth Amendment
Explanation:
Double jeopardy refers to punishing the same person twice for almost same crime or any act which is punishable.
Accordingly, in the fifth amendment there is a clause which clearly states that no person shall be prisoner for same offence for same period for same act.
As once a person is punished for an offence, clearly he shall not be punished again for the same act. This provides benefit to the prisoner, whether criminal act or other kind.
Thus, correct answer is fifth amendment.
Answer:
b.The buyer will win since this is just a risk of doing business.
Explanation:
In a general agreement or contract between a seller and the buyer both the parties are liable to perform some duties binding the contract.
In case any of the parties fail to perform such duties then that party is liable to make good to other party which did not default.
In the given case the buyer is in good health, it was because of the seller that the goods could not be delivered, and it was because of uncontrollable circumstances.
And that the seller is still liable because ultimately the goods could not be delivered.
Thus, the buyer shall stand to win the case against the seller.
Answer: Cost
Explanation:
Regression allows for us to be able to predict the cost of a certain level of production based on past costs and cost behavior.
It works by using the basic formula:
y = mx + c
Y = total cost
M = variable cost
x = volume of production
c = fixed cost
Using this graphical method, the cost of production can be estimated and is therefore very useful in capital budgeting.
