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MaRussiya [10]
3 years ago
8

What are the opportunity costs of going to the gym for a workout rather than studying for an economics test?

Business
1 answer:
NARA [144]3 years ago
6 0

Answer:

see below

Explanation:

Opportunity cost is the value of the forfeited benefits as a result of making a decision in a certain way. Decision making involves choosing one item over others. The cost or value of the option not chosen is the opportunity cost. The value of the forfeited option is the opportunity cost.

In choosing to go to the gym, the forgone activity is studying for the economic exam. The benefits associated with studying for the economic test is the opportunity cost. The value attached to the economic test, such as good grades, passing the test,  or any reward arising from studying for the test, is the forfeited benefit and hence the opportunity cost.

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Which one of the following statements is correct? Both partnerships and corporations incur double taxation. Sole proprietorships
IgorC [24]

Answer:

sole proprietorships and partnerships are taxed in a similar fashion

Explanation:

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4 0
3 years ago
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Answer:

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monetary policy

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4 0
3 years ago
A market supply curve is determined by a. finding the average price at which sellers are willing and able to sell a particular q
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Answer:

d. horizontally summing individual supply curves.

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Each firm will have its own supply curve depicting the relationship between the price and the quantity of goods it is willing to produce at that given price. The market supply curve is obtained by aggregating the different firm supply curves i.e. the total quantity suppliers are willing to produce when the product is sold for a given price.

Based on the above, option d is the correct answer.

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