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exis [7]
3 years ago
12

ECONOMICS: Opportunity Costs: Suppose on Friday night you have a choice to go either to a Katy Perry concert or a Lady Gaga conc

ert. You won a free ticket to see Katy Perry. You would pay as much as $200 to see Lady Gaga perform, but tickets to her show cost $100 . Assume that you end up going to the Katy Perry concert.
Since you went to the Katy Perry concert, you must be willing to pay at least $_____ to see Katy Perry.
Business
2 answers:
KengaRu [80]3 years ago
8 0
Since you went to Katy Perry concert, you must be willing to pay at least $100 to see Katy Perry. 
You desire to go to Lady Gaga concert and you are ready to pay as much as $200 to see her show, even though the entry ticket fee is $100. This implies that, you must be willing to pay at least $100 to see another show, if you decide to give up Lady Gaga show.
topjm [15]3 years ago
5 0

Answer:

This suggests merely, basically must be willing to pay at scarcest $100 to see another show up, in case you select to allow up Lady Gaga show.

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Applying Closing Procedures Assume you are in the process of closing procedures for Echo Corporation. You have already closed al
pav-90 [236]

Answer:

See below

Explanation:

Given the above details, post closing ending balance of retained earnings would be calculated by

= Debit balance in the retained earning + credit in the retained earnings - Credit balance in the retained earnings

= $308,800 + $99,000 - $347,400

= $60,400

7 0
2 years ago
Which is a certificate of debt issued by corporations and governments?
IgorLugansk [536]
I believe the correct answer from the choices listed above is option 2. A certificate of debt issued by corporations and governments is called a bond. It <span> is a document that states the details of the </span>bond<span> including the </span>bond<span> issuer's name, the </span>bond<span> par value or face amount, the interest rate, and the maturity date. Hope this answers the question.</span>
3 0
3 years ago
Read 2 more answers
True or False: If Van's Fire Engines were a competitive firm instead and $105,000 were the market price for an engine, decreasin
S_A_V [24]

Answer:

False

Explanation:

As for the given instance, the market is not solely dependent on Van's Fire Engines, as it is a competitive market.

The supply and demand are inversely proportional and does not depend on change of price in a competitive market.

Accordingly even after decline in the price from $105,000 to $90,000, the production quantity will not be affected similarly with the same proportion.

Further, Total revenue might be affected as with decrease in price might light to more sale, and there might be slight change both upward or downward in such sales revenue.

But since the change will never be in same proportion to change in price.

Thus, the statement above is false.

5 0
3 years ago
A pharmaceutical company in Belgium decides to expand into additional markets. It conducts research and decides to focus on mark
stepladder [879]

Answer:

C) standardization strategy

Explanation:

standardization strategy can be regarded as one whereby a business owner or firm give same treatment to the whole world as if it's just one market that have just small meaningful variation It's base on an assumption that needs of people can be met with a product.

7 0
2 years ago
Use the concepts of gross investment and net investment to distinguish between an economy that has a rising stock of capital and
Vlada [557]

Answer & Explanation:

because negative net investment means the economy produced no new capital goods in that year.

5 0
3 years ago
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