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umka21 [38]
2 years ago
13

The ______ cost of any resource used to produce a good is the value or worth the resource would have in its best alternative use

.
Business
2 answers:
Bad White [126]2 years ago
7 0

Answer:

economic

(The economic cost of any resource used to produce a good is the value or worth the resource would have in its best alternative use.)

hope this helps!!

Luden [163]2 years ago
4 0

Answer:

The answer is economic

Explanation:

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Mackay gives a list of items (starting with "Two lasts of wheat, 448 florins") that were traded for one tulip root. He could hav
Oksana_A [137]

Answer:

For a better valuation of trade.

Explanation:

Mackay could have left out this list and simply said that the root cost 2500 florins. But he gave the list to have a better understanding of the valuation of trade. Now, the cost could have simply being layed out. But then this list helped helped to give a better perspective of the valuation of the bulb and also how it could be used to replace money

8 0
3 years ago
At the profit-maximizing level of output
tensa zangetsu [6.8K]

Answer:

The correct answer is letter "C": marginal revenue equals marginal cost.

Explanation:

The profit-maximizing level of output for every type of firm is reached when the marginal revenue of production equals the marginal cost meaning that the additional cost of selling one more unit equals the cost of producing one more unit.

Marginal costs vary according to changes in production. Because of that, managers must identify when those events happen to calculate the profit margin (percentage sales that are converted into profits) of the firm to avoid losses.

5 0
3 years ago
Last semester, Brita bought her textbooks over the Internet and saved a considerable amount of money. Classes start in a few day
Dmitriy789 [7]

Last semester, Brita bought her textbooks over the Internet and saved a considerable amount of money. Classes start in a few days, and she needs to decide right away how and where to purchase her books. Brita will most likely engage in "limited problem solving" process.

<h3>What is limited problem solving process?</h3>

Limited issue solving is another sort of consumer problem-solving that consumers employ when they need information about unknown brands in well-known product categories or when they make sporadic purchases of goods; it takes a fair amount of time for information collecting and consideration.

The characteristics of limit solving process are-

  • Limited issue solving is employed when consumers seek information about a new brand within a well-known product category or when they occasionally purchase products.
  • When buying a new, expensive, or infrequently purchased goods, consumers engage in lengthy problem solving.
  • Possibly when you need to find out information about an unusual brand in a well-known product area, takes a fair amount of time to gather information.
  • Clothing is one example where it is known the product class but not the brand.

Therefore, in the given case- Brita lacks the time to thoroughly consider all of his alternatives. Additionally, he will likely follow suit this time around given his recent success purchasing books online (unless he waited too long and cannot receive his books in time).

To know more about steps in the problem solving process, here

brainly.com/question/10708306

#SPJ4

6 0
2 years ago
Failure of a VITA/TCE volunteer to comply with the Volunteer Standards of Conduct could result in which of the following?a.The v
N76 [4]

Answer:

D: All of the above

Explanation:

D. All of the above may be considered an appropriate action depending on the type of violation and the sponsoring partner’s corrective actions.

Failure to comply with these standards could result in, but is not limited to, the following:

• Your removal from all VITA/TCE Programs;

• Inclusion in the IRS Volunteer Registry to bar future VITA/TCE activity indefinitely;

• Deactivation of your sponsoring partner’s site VITA/TCE EFIN (electronic filing ID number);

• Removal of all IRS products, supplies, loaned equipment, and taxpayer information from your  site;

• Termination of your sponsoring organization’s partnership with the IRS;

• Termination of grant funds from the IRS to your sponsoring partner; and

• Referral of your conduct for potential TIGTA and criminal investigations

7 0
3 years ago
If real gross domestic product (GDP) grew by 2 percent and the inflation rate was 2 percent, then nominal GDP grew by
ohaa [14]

Answer:

4%

Explanation:

If the real gross domestic product for the year grew by 2%

The inflation rate also grew by 2%

Then nominal GDP rate can be calculated as follows

= Real GDP + inflation rate

= 2% + 2%

= 4%

Hence the nominal gross domestic product grew by 4%

6 0
3 years ago
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