Answer:
b. implicit costs
Explanation:
Implicit costs refer to opportunity costs. Opportunity cost refers to the monetary value of the options foregone when an individual opts for another option instead.
In the given case, Susan foregone $25000 per year which she was earlier making, in exchange for starting a new catering business. This depicts loss of opportunities foregone in the form of $25,000 income which she could've continued earning had she not decided to shift to catering business.
Thus, $25,000 denotes an implicit or indirect cost incurred for starting the catering business.
Answer:
age= 38 birthday= Dec 8 1982
Answer:
B. Batch-level activity
Explanation:
A purchase order is is document issued by a seller to a buyer that indicates types, quantities, and agreed prices of products to be delivered. It is used to discourage purchase of product from other users.
Purchase order is a legally binding document. It provides a better way to keep track of inventory and payment for goods and services.
It is a batch level activity because it involves sale of large batches of products.
Answer:
The infant industry argument says that Question 7 options:
tariffs should be imposed to allow a new industry in a country to get established.
Explanation:
The argument for the infant industry protectionism suggests that the imposition of tariffs on imports gives a new industry in the country the required breathing space it requires to develop, grow, and be established before it can face competitive forces from outside, which imports imply. Since newly formed industries often do not command the economies of scale and learning experience that their competitors from other countries may have, therefore, they need to be singularly shaded from external competition until they have achieved similar economies of scale and learning curve. But, can they attain any competitive edge without learning from competitors?