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lesantik [10]
3 years ago
10

What is rent in personal finance ?

Business
1 answer:
puteri [66]3 years ago
7 0
Monthly payment that the tenant pays the landlord
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An example of a cost that is likely to have a direct relationship with products being manufactured is
scoundrel [369]

Answer:

An example of a cost that is likely to have a direct relationship with products being manufactured is:

direct cost of raw materials.

Explanation:

Other direct costs that affect the cost of the products directly are direct labor costs and direct overhead costs.  They are traceable to the products being manufactured.  This is why they are called direct costs.  They can be attributed to the unit of production.  The opposite is the indirect  costs of raw materials, labor, and overheads.  These costs cannot be traced to units of the product being produced.

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3 years ago
Which of the following options to buy a health insurance plan is BEST if you want to get savings on monthly premiums and other c
Paha777 [63]

Answer:

The correct answer is letter "E": Enrolling in a marketplace plan.

Explanation:

Health insurance Marketplace is a service managed by the government that allows individuals, families, and small businesses to find affordable health care insurances. This service aims for everybody to have a health insurance plan regardless of their income.

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3 years ago
The marginal product of labor eventually slopes downward due to diminishing marginal costs diminishing average returns diminishi
vampirchik [111]
<span>The marginal product of labor eventually slopes downward due to the law of diminishing marginal productivity. The law of diminishing marginal productivity is a principle within economics. This principle states even if you increase input in one area and keep the others the same, output does increase, there will be limited effect and eventually balance back out resulting in no effect on the output. </span>
5 0
3 years ago
While placing his order, a customer tells the waiter to avoid bell peppers of any kind or color in the food since he is allergic
boyakko [2]

<span>An allergic reaction should not be treated lightly because this can actually result in death of the victim. So in this casem this could actually lead to serious illness or death of the customer. Which adds a very huge liability for the restaurant or organization.</span>

4 0
3 years ago
Economic models often: vary greatly in assumptions and simplifications. are correct. provide similar answers. fail to explain an
polet [3.4K]

Answer:

Economic models often vary greatly in assumptions and simplifications.

Explanation:

Most models in Classical Economics are based on a lot of generalizations and simplifications, that intend to model the behavior of the situations of the real world but often fail to encompass all the intricacies and complications that even most straightforward situations present. These simplifications help the Economists figure out the mathematical laws that are governing the real world economic systems. Therefore making the economic modeling a simpler process.

Classic economics implies three basic assumptions:

1- People behave rationally in any situation.

2- Firms and individual want to maximize profit and utility

3- People act independently based on available information.

7 0
3 years ago
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