One assumption of the perfectly competitive model is free entry and exit. this assumption most directly leads to the implication that positive economic profit is only possible in the short run.
Profit is the difference between the return an economic agent earns from its output and the opportunity cost of its input. It equals total revenue minus total costs (including explicit and implicit costs).
Economic profit or loss is the difference between the revenue from the sale of output and the cost and opportunity cost of all inputs used. Opportunity cost and explicit cost are subtracted from earned revenue when calculating economic profit.
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For an individual to achieve goals associated with assets, such as a house and car, it is essential to have a budget plan for organizing finances.
<h3 /><h3>What is budgeting?</h3>
It corresponds to a tool for projecting financial resources inflows and outflows for certain objectives, which helps in the control and organization of expenses in a period.
Therefore, through personal budget planning, an individual achieves greater organization of their finances and control, achieving a balance between wants and needs.
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Bonnie is demonstrating moral sensitivity as she decided to keep the money and pay off her bills. She consider that the owner of the wallet has no financial problem that she could just keep the money and will not bother to find and return the wallet that she found.
This is an example of moral sensitivity where Bonnie identify which possible action she will make that is to keep the money, where she assume the full responsibility on how they would be affected by the consequence of her action and that is her bills was paid off and the owner of the wallet is financially stable.
Answer:
C. You and your family decide to move to a new town.
Explanation:
To migrate means to move to a new region.
