Answer:
Five songs
or you might be looking for an answer like this-
1. Factor services, 2 scarce resources, 3. opportunity cost or real cost or true cost
Explanation:
For the first answer
$5
one movie
one movie and five songs
five songs
For the second answer here's an explanation
Circular flow.of income: This is the system of how goods and services flow in for consumption by the households.it also shows the intrrelationship between the households and the business sector of the economy. From the diagram of the circular flow of income, the outer circle presented the flow of real services for productive agents such as land, Labour, capital and enterprise to the business sector.while the flow of goods and services are produced from the inner circle reflect the monetary aspect of what the outer circle produced.
Scarcity : This concept is used to explain how the human wants are unlimited, since human wants are unlimited so the resources to satisfy them are also limited . In order to solve the problem of scarcity, man has to make a choice by ranking his wants in their order of priority this is where we have the scale of preference.
Opportunity cost : This is the cost which described the cost of one product in terms of forgone alternatives. It is the alternative that is forgone in order to satisfy a want. For example a student who need a book that is costing $10, and a cloth that is also costing $10. If the student buys the book instead of the cloth, then the opportunity cost of his choice is the cloth that such student has forgone.
A. Vending Machine is a nonstore retailer
Answer:
An increase in the family's car payment means the family will be unable to afford a vacation
Explanation:
Trade offs can be seen in terms of opportunity cost.
Opportunity cost or implicit is the cost of the next best option forgone when one alternative is chosen over other alternatives.
By choosing to buy a new car, the family would be forgoing the opportunity to take a vacation
The reasoning that Bonnie is using is known as the Inductive reasoning.
Inductive reasoning refers to the type of reasoning which involves drawing of conclusion from previous set of observations on similar incidence.
- Here, Bonnie expects to receive the order tomorrow based on previous order experiences she had on the medicines supply.
Therefore, the reasoning that Bonnie is using is known as the Inductive reasoning
Read more about Inductive reasoning:
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