1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kolezko [41]
3 years ago
12

Jacques has plans to go to a play and already has a $50 nonrefundable, nonexchangeable, and nontransferable ticket. Now Kyoko, w

hom Jacques has wanted to date for a long time, asks him to a concert. Jacques would prefer to go to the concert with Kyoko and forgo the play, but he doesn't want to waste the $50 he spent on the play ticket. From the perspective of an economist, if Jacques decides to go to the concert with Kyoko, what has he just done
Business
1 answer:
77julia77 [94]3 years ago
3 0

Answer:

Explanation:

Rightly ignored a sunk cost since he cannot recover the money back and it really does not have any effect on the decision in the future

You might be interested in
Cleftell Inc., a coal mining company in the United States, is the only supplier of coal in its area. The company is backed by th
Katarina [22]

Answer:

Oligopoly

Explanation:

Oligopoly - it is referred to as a marketing structure in which there are few suppliers in the market and every supplier has its own unique function and unique control over the market.

In the given question, cleftell Inc is also one of that firm which has its own control over the market that is why government back them so that they will supply the coal in discounted rate as before

3 0
3 years ago
The deadweight loss from a tax per unit of good will be smallest in a market with a. inelastic supply and elastic demand. b. ine
deff fn [24]

The deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.

The Deadweight loss refers to loss that occurs when supply and demand are not in equilibrium and thus, result in market inefficiency.

Usually, the value of the deadweight loss varies with the demand elasticity and supply elasticity.

So, when the demand or supply is inelastic, the deadweight loss of the taxation will be smaller because the quantity bought or sold varies less with price.

Therefore, the answer is B. because the deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.

Learn more about this here

<em>brainly.com/question/13719669</em>

7 0
2 years ago
In a 100 capitalist structure the owners are offered what advantages
Alisiya [41]

In a 100 percent capitalist structure, there are basically two advantages that the owners are offered:

1. They can make as much profit as they desire, as long as they are hardworking and the market permits it.

2. They don’t have to bother themselves about the welfare of their workers.

8 0
3 years ago
Consider Country (Z) with a GDP level of 210,000 and a growth rate of 5% in 2019 (i.e. calculated at the end of year 2019). The
Natasha2012 [34]

Answer:

Please help me, l can not answer it

Explanation:

4 0
3 years ago
The idea that an economy can get stuck in either an unemployment equilibrium or an inflation equilibrium is most closely associa
satela [25.4K]

Answer: D

Explanation:

the idea of coordination failures

8 0
2 years ago
Read 2 more answers
Other questions:
  • Consider a process restringing tennis rackets. The process starts with a unit cost of $10 for the first unit—that is, c(1) = 10—
    11·1 answer
  • A product is currently made in a process-focused shop where fixed costs are $10,000 per year, and variable cost is $50 per unit.
    11·1 answer
  • Northern Company is preparing a cash budget for June. The company has $12,000 cash at the beginning of June and anticipates $30,
    12·1 answer
  • What is artificial monopoly
    15·1 answer
  • Martina, Inc. has two service departments (Human Resources and Building Maintenance) and two production departments (Machining a
    15·1 answer
  • Fido wants to buy a new car. He will need to get a car loan. Fido decides to wait for a few months until his credit history impr
    7·2 answers
  • Kay and Jenny's, a restaurant, implements a new system that identifies and gathers information about its regular customers. It r
    11·1 answer
  • What is the effect of political institutions on economic performance?
    7·1 answer
  • Which describes the tax consequences of ordinary dividends. A. Ordinary dividend distributions are not taxed to a distributing​
    8·1 answer
  • How creamy is creamy
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!