Based on the coordinates of point x and those of point y on the linear production possibilities curve, the opportunity cost of producing one watch is 2 fewer clocks.
<h3>What is the opportunity cost of producing one watch?</h3>
The opportunity cost of producing one watch is the number of clocks that needs to be given up per watch.
This will therefore be the slope of the linear production possibilities curve which can be found as:
= (Y₂ - Y₁) / (X₂ - X₁)
Solving gives:
= (80 - 20) / (20 - 50)
= 60 / -20
= -2 clocks
This means that for every watch produced, there will be 2 clocks that will be foregone to make that watch.
In conclusion, the opportunity cost is 2 clocks.
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This "it" thing had a "brief" existence of just 16 months. The way it's referred to, it seems 16 months is not a long time for this to exist. Something much bigger, the transcontinental telegraph, came along.
So "supplant" seems to mean "to replace, supersede, or surpass".
The American Federation of Labor (AFL) was formed by Samuel Gompers, who was inspipred by Marxism. It has success in lobbying Congress for better working conditions. Samuel Gompers was an American Labor Union Leader and remained a key figure in changing American labor history.
Answer:
finding a market for your product then finding a marketing strategy then get your assets set up
Explanation:
Answer:
something of value must be given by party.
Explanation:
In the contract agreements, the term consideration means something of value offered by one part in exchange for other goods, services, or promises. In most cases, consideration is in monetary form, although money is not the only valuable item acceptable as consideration. Consideration is the benefit that one enjoys by fulfilling their obligation in a contract.
For contacts to be valid, there must be a consideration. Only lawful valuable can be considered as consideration.
