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Yuliya22 [10]
3 years ago
14

Monday Island produces only potatoes and oranges. Complete the following sentence. The marginal cost of a potato is the number o

f oranges that​ ______ to get one more​ ______.
A. must be​ forgone; potato
B. must be​ forgone; orange
C. people are willing to​ forgo; potato
D. people are willing to​ forgo; orange
Business
1 answer:
Paul [167]3 years ago
3 0

Answer:

Option (A) is correct.

Explanation:

The marginal cost is also defined as the opportunity cost.

Opportunity cost refers to the value or quantity of one good that must be foregone to produce one extra unit of other good. Here, the opportunity cost of producing potatoes is the number of oranges.

If Monday Island wants to increase the production of potatoes then it must sacrifices some of the units of oranges.

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Rama09 [41]

Answer: a. more customers opting for the product

Explanation: It is important for a companies and businesses to ensure that in addition to the product they deal in itself, there is an adequate supply of complements. Complements to a product are products whose use is related to the use of an associated product, as such, its appeal increases with increasing use or popularity of its complement. An adequate supply of complements to a product results in more customers opting for the product.

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Oksanka [162]
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7 0
3 years ago
Assuming a 360 day year, the interest charged by the bank at the rate of 6%, on a 90 day discounted note payable of 100,000 is:_
Readme [11.4K]

Answer:B. $1,500

Explanation:

Interest revenue is  money earned when an entity or individual  loans   money to another.  it can also be regarded as money accrued  from investments. IT is calculated as  

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Therefore the interest charge by the bank is $1500.

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zhenek [66]
True

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balandron [24]
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