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kvasek [131]
1 year ago
10

You notice that when a new yoga class is offered at the student recreation center at a highly desirable time, some students from

the other yoga classes go to the new class instead. This statement best represents this economic concept:
Business
1 answer:
blsea [12.9K]1 year ago
8 0

You notice that when a new yoga class is offered at the student recreation center at a highly desirable time, some students from the other yoga classes go to the new class instead. This statement best represents this economic concept people usually exploit opportunities to make themselves better off.

Recreation includes all of the pursuits people make for the purpose of renewing their bodies and brains and adding interest and enjoyment to their free time. Exercises like walking, swimming, meditating, reading, playing games, and dancing are examples of leisure activities.

At its most fundamental level, economics aims to explain how and why we choose the products we do. Scarcity, supply and demand, costs and benefits, and incentives are four fundamental economic ideas that can be used to explain a variety of human decisions.

Learn more about economic concepts here

brainly.com/question/27569024

#SPJ4

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Through coordinating partnerships with dedicated suppliers, Warby Parker have ensured quality, built a lean manufacturing operat
Sedbober [7]

Answer:

B. Profit / Economic

Explanation:

The triple bottom line addresses three factors that a socially responsible company must adhere to. The People / Social factor discusses the importance of the social needs of the customers which the customer must fulfill. The Planet / Environment factors are the factors that discusses about the responsiblity of the company to manufacture environmental friendly products that do not harm the environment and is sustainable. The Profit / Economic factor is one of the three factor which company must try to earn profit to keep the business running and thus benefits by earning profit to a lot of stakeholders.

The quality product is a reason why the customer prefer the company's product which helps the company in making profit. So the profit / economic factor is the right option.

6 0
3 years ago
Mr. And mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottl
melomori [17]

The option that makes the most sense for the party by Mr and Mrs Atoll is one case of 24 sodas at $18.50.

<h3>Why this option is the cheapest</h3>

The reason for this is that given the guests they are entertaining, this option is the most cheapest and effective.

How to calculate for the way that the drink would go round

a. Each bottle is $1.5. Two bottles for 1 = 1.5x2 = 3 dollars

b. six packs at 5$. One= $0.88

c. A case of 24 sodas at $18.5. one soda is going to be  18.5/24 = $0.77

d. Two cases of 24 soda at 18.5 = $1.54

Given the calculations that have been done above, option c at $0.77 is the cheapest. It would require them to send the less money in getting sodas that would go round twice for 10 people.

Read more on the economy here: brainly.com/question/1106682

5 0
2 years ago
What protects consumers against harm from products on the market? Franchises Profit Motives Private property rights Government R
Helen [10]
That would be government regulations because the government always ensures consumers safety.
5 0
3 years ago
Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Ja
Sedbober [7]

Answer:

Variable cost per unit= $1.5

Fixed costs= $2,000

Explanation:

Giving the following information:

Miles Driven Total Cost

January 10,000 $17,000

February 8,000 13,500

March 9,000 14,400

April 7,000 12,500

<u>To calculate the variable and fixed costs under the high-low method, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (17,000 - 12,500) / (10,000 - 7,000)

Variable cost per unit= $1.5

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 17,000 - (1.5*10,000)

Fixed costs= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 12,500 - (1.5*7,000)

Fixed costs= $2,000

5 0
3 years ago
Suppose that the reserve requirement for checking deposits is 10 percent and that banks do not hold any excess reserves. If the
Vladimir79 [104]

Answer:

Take a look to the following explanation

Explanation:

Reserve ratio ,10%=0.1

Money multiplier=1/reserve ratio=1/0.1=10

If feds sells 1million$ bond the economy reserves increases by 1 million$ and money supply decrease by 10 million $(1*money multiplier).

If fed changes RR to 5% but banks choose to hold another ,5 percent as excess reserve ,then on aggregate actual reserve ratio will be 10%. So money multiplier would remain same,10 and so the money supply

8 0
3 years ago
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