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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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igomit [66]

Answer:

knowledge management                                

Explanation:

Knowledge management relates to the mechanism by which an organization's knowledge and information is developed, exchanged, used and controlled. This refers to a multidisciplinary approach by making the best use through knowledge to attain organisational goals.

Knowledge management activities usually focus on institutional priorities like better performance, competitive edge, creativity, experiences gained exchange, alignment and institutional quality improvement.

7 0
3 years ago
Zhang Industries sells a product for $700 per unit. Unit sales for May were 700 and each month's unit sales are expected to grow
ratelena [41]

Answer: $14594

Explanation:

The budgeted selling expense for the manager for the month ended June 30 will be calculated thus:

The unit sales for June will be:

= [700 × (1 + 3%)]

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= 700 × 1.03

= 721 units

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= $10,094

Therefore, the selling expenses to be reported will be:

= $10,094 + $4500

= $14594

4 0
3 years ago
Companies with global structures
Ne4ueva [31]

Answer: Option B

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The companies having global structures operate their business on many different countries and the scale of their operations are usually huge. Therefore, they profit from the economies of scale and enjoy lower production cost than others.

Hence the correct option is B.

6 0
3 years ago
When should you start saving money?
BartSMP [9]

Answer:

b)

Explanation:

b- as soon and you have the money ~ so that let's say for example you want a phone and the phone is 300 dollars and you get 15 dollars/ an hour you would save up to get it

4 0
3 years ago
a ___ is an organization that is formed when a person or group of persons uses resources to produce a good or service that meets
8_murik_8 [283]

Answer:

If im right,

Explanation:

It should be business , but if i'm wrong inform me and ill get on it again :D

6 0
3 years ago
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