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aalyn [17]
1 year ago
6

A consumer must decide between purchasing a new cell phone or renting a new car. Why might determining the opportunity cost be u

ncertain
Business
1 answer:
Daniel [21]1 year ago
4 0

When a consumer has to decide between buying a new smartphone or renting a new car, the determination of opportunity costs is difficult, as both the expenses have different utilities.

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

The cost, which is undergone in order to let go of an alternative divestment of such cost, is known as an opportunity cost. An opportunity costs may be backed by emotions and other external factors.

Hence, the significance of opportunity costs is given above.

Learn more about opportunity cost here:

brainly.com/question/13036997

#SPJ1

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1. Alexander lives in an apartment building and gets a $250 benefit from playing his stereo. Mary, who lives next door to Alexan
Genrish500 [490]

Answer:

Alexander would enhance his stereo playing for 100 dollars more. Mary would pay a lawyer 100$

Explanation:

Socially optimal solution is the situation where all external costs are taken into account, as well as internal costs and benefits. Therefore, If Alexander's benefits from playing the stereo is 250 dollars and Mary's costs are 350 dollars, than in order to get socially optimal solutions, Alexander could enhance his stereo playing for 100 dollars more. Mary would pay a lawyer up to 100 dollars.

3 0
3 years ago
Helpppppppp, please get correct!!!!
Bingel [31]
There are 52 weeks in a year right.

So in three years there are 156 weeks.

Now we are gonna multiply the saving amount per week, $62.50 by the 156 weeks.

$62.50 x 156 = $9,750

This is the amount that you put in your saving in three years.
6 0
2 years ago
When do children develop their eating habits and physical activity patterns?
user100 [1]

Answer: It varies based on the foods and activities offered to a child

Explanation: Children behave differently as regards eating as some prefer some kind of food over others. Majorly the environment a child finds himself can hugely affect the child's way of behavior which includes food eaten and physical activity engaged in by the child.

This is a product of adaptation common to humans.

6 0
3 years ago
The free enterprise system is a type of economy that:
neonofarm [45]

Answer:

B. allows businesses to operate without much government

interference.

Explanation:

The free enterprise system is an economic model where government participation is minimal. The private sector owns the majority of factors of production. The laws of supply and demand determine market prices, the type, quality, and quantity of goods to be availed for sale.

The government's role is mainly regulatory. Buyers and sellers have the freedom to choose what to sell or buy. Profits are a big motivation to do business under the free enterprise system.

3 0
3 years ago
Your friend Scotty informs you that in 2019 he received a tax-free reimbursement of some medical expenses he paid in 2018. Which
DanielleElmas [232]

Answer:

c.Scotty did not itemize deductions in 2018

Explanation:

Itemized deductions can be defined as a form of eligible expenses in which individual taxpayers can claim on federal income tax returns which will in turn reduce their taxable income, and this is said to be often claimable in place of a standard deduction, only in a situation where it is available which is why ITEMIZED DEDUCTIONS are expenses that are allowed by the IRS that can decrease your taxable income because when an individual itemize on his or her tax return, such individual can opt to pick and choose from the multitude of individual tax deductions out there instead of taking the flat-dollar standard deduction.

Therefore based on the Scotty scenario the statements that best explains why Scotty is not required to report the reimbursement in gross income is :Scotty did not itemize deductions in 2018

3 0
2 years ago
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