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Musya8 [376]
2 years ago
12

The scenarios each illustrate a principle of economics. classify each scenario according to the principle that best fits it. you

are currently in a labeling module. turn off browse mode or quick nav, tab to items, space or enter to pick up, tab to move, space or enter to drop. on black friday, there are huge sales for electronics at many retail stores. david must decide between buying a camera at one store or a flat screen tv at another store, and buying one means losing out on the ability to purchase the other. an educational software company wants to expand the number of economics questions that it offers and is considering hiring another economist. the company compares how much adding another worker will improve the product to the additional cost. ava finds that there is not enough time after work to have dinner, exercise, and watch tv, and she must make choices about how to use her limited time.
Business
1 answer:
storchak [24]2 years ago
8 0

David's decision on the electronics to purchase represents opportunity cost.

The decision to hire another economist is marginal analysis.

Ana's decision on how to use her time involves opportunity cost.

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

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. When an economic agent chooses one option, he would not be able to choose another option.

<h3>What is marginal analysis?</h3>

Marginal analysis involves comparing the marginal cost or / and the marginal benefit of a decision.

To learn more about opportunity cost, please check: brainly.com/question/26315727

#SPJ1

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20 POINTS!! WILL GIVE BRAINIEST!
padilas [110]
Food production is a global thing

Restaurants and culinary schools are mainly places that Are not global such as Stacy's is a great Restaurant that is probably in only few states. 

(idk if this is right but i hope it is) 
3 0
3 years ago
Suppose Deborah gets a sales bonus at her place of work that gives her an extra $600 of disposable income. She chooses to spend
Mashutka [201]

Answer:

Option (d) is correct.

Explanation:

Suppose Deborah gets a sales bonus at her place of work,

Disposable Income, YD = $ 600

Consumption, C = $480

Savings , S = $ 120

Marginal propensity to consumer, MPC:

= Consumption ÷ Disposable Income

= 480 ÷ 600

= 0.8

Therefore, Deborah marginal propensity to consume (MPC) is 0.80

Option (d)

7 0
4 years ago
Andrew has decided to open an online store that sells home and garden products. After searching around, he chooses the software
tino4ka555 [31]

Answer:$4650

Explanation:

The cost that is recoverable is $30 per hour that was agreed as the hour to be spent in learning the soft ware. The sunk cost it's an irrecoverable cost that does influence decision making. When the agreed leaning cost of $30 per hr for 45hr of $1350 is deducted from the asking price of $6000 we have the $4650

6 0
3 years ago
The employees of Pi's Pizza, a local pizza restaurant, feel that the owners and managers really try to follow the ethical polici
vfiekz [6]

Answer:

c. ethical climate.

Explanation:

<em>Ethical Climate is the moral atmosphere that domains and is practiced by a company in a work environment. </em>

I hope you find this information useful and interesting! Good luck!

6 0
4 years ago
Breaking down the answer to the question: "Have you ever purchased a ticket online for an American Airlines flight?" into subgro
never [62]

Answer:

Demographic Segmentation

Explanation:

Demographic segmentation is a technique  used to  divide a large group of potential custoners in to groups  depending on their gender, age, location, etnia, income,  etc.

In this case AA  is segmentating based on gender or location (zip Code)

Demographic segmentation is based on demographic information of the customer and it helps to target the message in order to reach the relevant audience.

7 0
3 years ago
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