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DiKsa [7]
4 years ago
3

Manuel is training for a triathlon, a timed race that combines swimming, biking, and running.Consider the following sentence: In

order to swim for an hour, Manuel must take time away from work, where he earns $12 per hour. This is in addition to paying a $4 entrance fee for the pool.Which basic principle of individual choice do these statements best illustrate?1) The cost of something is what you give up to get it2) Markets are usually a good way to organize economic activity3) People usually exploit opportunities to make themselves better off.4) Trade can make everyone better off
Business
1 answer:
Dafna11 [192]4 years ago
5 0

Answer:

1) The cost of something is what you give up to get it

Explanation:

Choices have an opportunity cost. If Manuel decides to swim he won't be able to go biking, running or working. The most efficient choice is doing always the highest valued alternative so the opportunity cost (that what is sacrificed) will have a lower value than the option chosen.

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Campaigns focus on their __________ efforts in the last days before the general election.
Sophie [7]
The goal of the  political campaigns is to influence the decision making process. I<span>deas that the candidate wants to share with the voters are presented.
</span>Campaigns start anywhere from several months to several years before election day. The first part of any campaign for a candidate is deciding to run. Then c<span>andidates travel around the area they are running in and meet with voters.</span><span>
Campaigns focus on their get out and Vote efforts in the last days before the general election.</span>

3 0
4 years ago
Porite Company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in
lianna [129]

Answer: Accrual accounting

Explanation: Under the accrual method of accounting, the entity records the revenues and expenses in the period of their occurrence, regardless when the cash is exchanged.

In the given case, Porite is recognizing revenues in the same period for the account receivable of asset from which that revenue is generated. Hence, the receiving of revenue is not taken into consideration.

Hence, from the above we can conclude that the practice of Porite is an example of accrual accounting.

3 0
4 years ago
A company has the following expenditures during the year. Advertising $ 100,000 Employee training 80,000 Customer outreach and c
alukav5142 [94]

Answer:

$0

Explanation:

Given that

Advertising expenses = $100,000

Employee training  = $80,000

Customer outreach and consultation = $50,000  

Since it is mentioned that this cost would be increased the fair value of the entire company by  $325,000  

So there is no information related to the takeover of the business so in this case, the goodwill recognized by the company is zero

7 0
3 years ago
Which of the following is correct? Question 2 options: Short run fluctuations in economic activity happen only in developing cou
Darya [45]

Complete Question:

Which of the following is correct?

a. Short run fluctuations in economic activity happen only in developing countries.

b. During economic contractions most firms experience rising profits.

c. Recessions come at irregular intervals and are easy to predict.

d. When real GDP falls, the rate of unemployment generally rises.

Answer:

d. When real GDP falls, the rate of unemployment generally rises.

Explanation:

Real Gross Domestic Products (GDP) measures economic activity and income in a particular country.

Consequently, when real Gross Domestic Products (GDP) falls, the rate of unemployment generally rises because the total market value of goods and services in that country has fallen.

8 0
3 years ago
During this period, people who monitor the U.S. economy were constantly on the lookout for signs of inflation. Explain why infla
Elis [28]

Answer:

GDP is higher than normal

Explanation:

This is a situation where GDP is higher than the usual and it shows that the economy is above the employment level and overly active. The extra gross domestic product leads to an increase in demand for goods and services and that leads to high inflation. The initial sighs include, increase in employment rate, more wages, high demand.

6 0
3 years ago
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