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Elis [28]
3 years ago
5

Economics is different from other social sciences because it gives special emphasis to the study of ______; it is similar to oth

er social sciences because they are all concerned with the study of _______.
Business
2 answers:
neonofarm [45]3 years ago
8 0

Answer:

Economics is different from other social sciences because it gives special emphasis to the study of ______; it is similar to other social sciences because they are all concerned with the study of _______.

the answers are opportunity cost; choices

Explanation:

The major emphasis of economics is how people choose among the alternatives available to them. Economics studies the concept of opportunity cost (i.e) the wants left unsatisfied in other to satisfy more pressing needs. Since the study of economics arises as a result of scarcity, the act of choosing important want to be satisfied and leaving less  the less important ones unsatisfied is an important aspect that economics studies

However, It is similar to other social  sciences  because it involves people and their behavior. (i.e people and their choices) subjects such as political science, sociology, psychology etc. all studies human behavior and how human reacts to what they are faced with daily.

KIM [24]3 years ago
3 0

Answer:

The correct answer is letter "C": opportunity costs; choices.

Explanation:

The main focus of Economics is the study of scarcity. Scarcity pushes individuals to make trade-offs because their needs are unlimited but the resources to fulfill those needs are finite. Then, <em>individuals must analyze the </em><u><em>opportunity costs</em></u><em> of </em><u><em>choosing</em></u><em> one product or service or another to satisfy their wants</em>.

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5 0
3 years ago
Which of the following refers to a set of rights to control a tangible or intangible thing?
Lyrx [107]

Answer:

a) Property

Explanation:

A property right is the exclusive or sole authority which determines the legal ownership of tangible and intangible resources and how these resources are to be used, whether by individuals or government.

Basically, properties can either be owned by the government, an individual or business entity. Some examples of a property include cars, land, houses, machines, books, inventions, mobile phones, ideas, birds, etc.

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6 0
3 years ago
Brad always buys and uses Nike brand golf balls. If he finds a Titleist or Callaway ball in the rough, he gives it away. Brand l
Vikentia [17]

Answer:

B. reduced the price elasticity of demand for its products

Explanation:

3 0
3 years ago
Which type of business produces processed goods by changing raw goods into a more finished form?
Naddik [55]

Answer:

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6 0
2 years ago
Frontier Corp. sells units for $57, has unit variable costs of $29, and fixed costs of $164,000. If Frontier sells 10,000 units,
jeka94

Answer:

2.4

Explanation:

Frontier corporation sells unit for $57

The unit variable cost is $29

Fixed cost is $164,000

Frontier sells 10,000 units

The first step is to calculate the contribution margin

= 57-29×10,000

= 28×10,000

= 280,000

Profit = 280,000-164,000

= 116,000

Degree of operating leverage can be calculated as follows

= 280,000/116,000

= 2.4

6 0
3 years ago
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