Answer:
C is the correct option
Explanation:
Opportunity cost is a concept of Macroeconomic theory. It is also known as an alternative cost. It is the value of what one gives up to choose something else. In simple terms, we can say that it is the value of the road not taken. In the above question, the value of the activities one had to leave to attend the economics class woul be known as the Opprtunity cost.
Answer:
increased; 3.33 cents
Explanation:
Fixed cost is cost that doesn't vary with unit produced. It remains constant
Average fixed cost = Fixed cost/ output
Average fixed cost last month = $900 / 3000 = $0.3
Average fixed cost this month = $900 / $2700 =$ 0.333
Average fixed cost this month ($0.333) is greater than Average fixed cost last month by $ 0.333 - $ 0.3 = $ 0.033 = 3.33 cents
I hope my answer helps you
The person who receives financial protection from a life insurance plan is called a Beneficiary. I think
Answer:
False
Explanation:
Project scope can be regarded as part of project planning which involves determining as well as documenting listed particular project , tasks, deadlines as well as goals and the cost and deliverables. The documentation of scope of a project is is called a scope statement, this elaborate the boundaries of the project as well as establishment of responsibilities that is required by each team member, then
sets up procedures for verification and approval of of completed work. The scope shed light clearly on project goals which are measurable
realistic and obtainable, it it gives a clear vision and specifies about what is expected as well as when it is expected, and the exoected cost, it also specifies the deliverables as well as milestones and needed resources.
Answer:
C. It allows people to buy, sell, and trade goods efficiently
