Answer: The opportunity cost is the most desirable trade-off.
Explanation: Trade-offs refer to the choosing decisions that an individual faces when choosing between two-goods or making any other economic decision. For instance, a graduate may face a trade-off between choosing a job or starting up his own business.
While, opportunity cost is simply the cost of the lost alternative. For example, if the graduate chooses to start a business then his opportunity cost is the salary foregone from going for a job.
Thus, when deciding on which option to choose (trade-off) we always look at the option which has a lower opportunity cost. So we can say that they are the most desirable trade-off.
Social Security rights, Medicare, Medicade
The X bar chart will allow the team to monitor the central tendency of the process although the process will not be in control.
<h3>What is the
X bar chart?</h3>
This refers to a Shewhart control chart that are used to monitor the arithmetic means of successive samples of constant size.
Hence, the X bar chart will allow the OM team to monitor the central tendency of the process although the process will not be in control.
Therefore, the Option B is correct.
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This is False.
A diode is something completely different, but can be found in a computer and is an important electronic part.
When a business owner uses price discrimination, the marginal revenue curve and the market demand curve are in line, therefore the marginal revenue is the same as the product's price.
The additional money made by selling one more unit of output is known as marginal revenue. The law of diminishing returns eventually leads marginal revenue to start dropping as output level grows, even though it can stay constant at a certain level of output.
The incremental cost or profit made when producing the following item is referred to as marginal. While marginal cost is the additional expense for producing one extra unit, marginal product is the increased revenue.
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