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Leno4ka [110]
2 years ago
10

In economic terms, what is the term used for the loss of other alternatives when one alternative is choosen

Business
1 answer:
yulyashka [42]2 years ago
7 0
C. opportunity cost is the benefit not received as a result of not selecting the best option
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A manager checked production records and found that a worker produced 185 units while working 50 hours. In the previous week, th
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Answer:

Current Period Productivity= 3.7units/hour

Previous Period Productivity=  2.9units/hour

Explanation:

Giving the following information:

Worker produced 185 units while working 50 hours.

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We will compute productivity based on units per hour.

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3 years ago
Suppose the M P C is 0.8 and the current tax rate is 25 % . What is the government purchases multiplier? Specify all answers to
Goryan [66]

Answer:

Therefore, Increases in the tax rate decrease the government purchases multiplier

Explanation:

Given that

MPC = 0.8

Tax rate t = 0.25

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So, GPM = 1 ÷ 1 - 0.8 × (1 - 0.25) = 2.5

Government purchases multiplier

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= 2.08333

= 2.083

Therefore, Increases in the tax rate decrease the government purchases multiplier.

3 0
2 years ago
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