Answer:
b. Alternative cost.
Explanation:
Sunk cost is cost that has been incurred and cannot be recovered.
Out of pocket cost is a cost incurred out of an employees personal cash reserves for which he may be reimbursed for by his employers.
Differential cost is the cost of two different options.
Opportunity cost is the benefit lost when one alternative is chosen over other alternatives.
I hope my answer helps you.
Answer:
a) Spaghetti
Explanation:
Dollar value means the actual amount raised from selling. In this case,
spaghetti will have dollar sales of:
=340 x $12
=$4,080
Steak
=212 x $16
=$3,392
Therefore, spaghetti has higher dollar sales.
Answer:
A decrease in demand leads to a decrease in supply.
A decrease in price leads to a decrease in supply.
An increase in price leads to an increase in supply.
Explanation:
Supply refers to the volume of a product that sellers are willing to sell in the market at a given price. As per the law of supply, a higher price motivates sellers to avail more products in the markets. Sellers or suppliers are businesses and are motivated by higher profits. When prices are high, the profit margin will be high, which is an incentive for increased supply. Lower prices have lower margins, which is a risk to a business. Low prices result in reduced prices.
Supply is influenced by demand. If supply does not match demand, there will be either a shortage or excess supply in the market. When demand is low, sellers will reduce supply to avoid losses associated with excess supply .
Answer:
The correct answer is option B.
Explanation:
The multiplier shows the increase in total production due to change in expenditure.
The change in total expenditure is always greater than the change in expenditure.
This happens because a change in autonomous expenditure leads to grater change in the induced expenditure
Consequently, the value of multiplier is always greater than 1.
B is the answer.
Hope this helps.
