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marishachu [46]
3 years ago
15

Benjamin has saved $40.00 for concert tickets, but decides to buy a new pair of jeans instead. In this scenario, what do the con

cert tickets MOST LIKELY represent?
A) capital
B) scarcity
C) opportunity cost
D) decreased demand
Business
2 answers:
Elza [17]3 years ago
4 0

Answer:  C. opportunity cost

In economics, "opportunity cost" is the value of something that is given up in order to acquire something else.  There are always multiple uses for capital (cash or money for investment), as well as other economic resources (labor, land, etc).   So we're always faced with opportunities and make decisions about which opportunities we'll pursue and which we'll not pursue.  The concert tickets are an opportunity cost that Benjamin decided against in order to purchase jeans instead.

vichka [17]3 years ago
3 0

The correct answer for USATestprep, LLC - Online State-Specific Review and Assessments ECONOMICS is . . .

C) opportunity cost

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Answer:

Net cash provided from Operating Activities $301

Explanation:

MYRIAD PRODUCTS COMPANY

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Net Income $150

Adjustment for non cash effects:

Depreciation $84

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Total $243

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Decrease in Accounts receivable $17

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Increase in Accounts Payable $14

Decrease in Salaries Payable ($14)

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8th business day of this month
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Saturn Systems, an electronic goods manufacturer, sells its LED bulbs to Shockwave Enterprise, which in turn sells those bulbs t
AVprozaik [17]

Answer:

C. retailer

Explanation:

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olya-2409 [2.1K]
To answer this item, we let x be Jeff's speed when going back home. With this representation, the speed from home to his parents is x + 9. The total time it took him for the trip is 8 hours. The time of each trip can be calculated by dividing the distance by time. Such concept is presented below.
 
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Answer:

False

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This process is very similar to scientific research, only that it is carried out on man made objects.

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