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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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What tax event must take place when a taxpayer receives a Form 1099-A?
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Gain or loss from the sale of property must be calculated. The loss from foreclosure of property must be subtracted from wage income.
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The consumer price index (CPI) can be used to measure inflation. There are potential problems with this process though that can
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Answer:

a. Overstates Inflation.

In the case of Mary and Bob, the CPI would have already increased but in this case the price of the minivan increased as well. This will overstate inflation because it will not measure the general rise in price alone (inflation), it will also measure the rise in price as a result of the new minivan having better features.

b. Understated Inflation

Donna's case represents an understated inflation because the quantity shrank yet the price stayed the same. This means that the price is now buying less quantity than it used to which is inflation because more dollars are now required to buy the previous amount. This was not however recorded as there was no change in price.

c. Overstates Inflation

In the case of Zach, the inflation will be overstated because Zach is no longer buying bagels and is now buying muffins so continuing to use bagels as a representative good in the basket of goods used to calculate CPI would be overstating it.

d. Accurate representation of Inflation

In Chris's case, the increase in the price of the same shoe over the years has been because of a general rise in prices and not because it is a different model. It is the same shoe and its price is rising generally so this is an accurate depiction of inflation.

6 0
3 years ago
David and Sandra Dess contracted with Sirva Relocation, LLC, to assist in selling their home. In their contract, the Desses agre
Inga [223]

Answer:

The answer is:

The Kincaids can sue David and Sandra Dess because they can be considered intended beneficiaries of the contract between them and Sirva.  

Explanation:

Intended beneficiaries are third parties in a contract that can sue the promisor for breach of contract.

In the contract, David and Sandra agreed to fully disclose all information about the property. Under the terms of the contract, they agreed that Sirva and "other prospective buyers" could rely on their disclosures.

8 0
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An alternative to CFL bulbs and incandescent bulbs are light-emitting diode (LED) bulbs. A 100 W incandescent bulb can be replac
mariarad [96]

Answer:

It cost $5.84 to run the LED bulb for one year if it runs for five hours a day.

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E = Pt

  = (16W)(365*5)

  = 29200Wh

  = 29.2 kWh

cost of operation = E($0.2/kWh)

                             = (29.2 kWh)($0.2/kWh)

                             = $5.84

Therefore, It cost $5.84 to run the LED bulb for one year if it runs for five hours a day.

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Farmers contributed to the problems that led to the Dust Bowl by
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The answer is D 
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Hope it helps :) 
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