Answer:
a. Value.
Explanation:
The opportunity cost of a choice is the value of the opportunities lost.
In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
Hence, the opportunity cost of a choice is the benefits that could be derived in from another choice using the same amount of resources.
<em>For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.</em>
Monetarists reject using discretionary monetary policy as an effective stabilization tool because they believe the Fed will miss its money supply targets and make the economy worse.
Monetary policy is the macroeconomic policy set by the central bank. It involves the management of the money supply and interest rates, and is the demand-side economic policy adopted by national governments to achieve macroeconomic goals such as inflation, consumption, growth and liquidity.
Monetary policy is the action and communication of the central bank that controls the money supply. Central banks use monetary policy to prevent inflation, reduce unemployment, and promote moderate long-term interest rates.
Monetary policy refers to the measures taken by a country's central bank to control the money supply in order to stabilize the economy.
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Answer:
False
Explanation:
A Gantt chart is named that way because it was originally developed by Henry Gantt. A Gantt chart represents a project schedule and it depicts the relationship between the activities that are being carried out and their schedule status. It includes the start and finish dates of the project's main activities, tasks, dependencies and milestones.
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Firms can avoid incurring high transport costs when exporting bulk products by manufacturing bulk products regionally.
Transportation costs are all the charges related to the transportation of uncooked substances, finished merchandise, and personnel. it is the cash at the back of ensuring all moving components get in what they want to be so your customers get their products or services on time.
Now, you need to determine all your transportation level costs. look at how lots you paid for drivers, gasoline, special licenses, purchasing/leasing motors, outsourced paintings, and every other system related to transportation. upload this kind of collectively to get the total fee of transportation.
Techniques of lowering logistic prices can range from optimizing stock degrees to recharting higher transport networks, to growing higher procedures, enhancing dealer/1/3 celebration relationships, and so on.
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