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sergiy2304 [10]
3 years ago
10

1. Match each term with the correct definition. LO1.1 economics opportunity cost marginal analysis utility a. The next-best thin

g that must be forgone in order to produce one more unit of a given product. b. The pleasure, happiness, or satisfaction obtained from consuming a good or service. c. The social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity. d. Making choices based on comparing marginal benefits with marginal costs. McConnell. Macroeconomics (p. 22). McGraw-Hill Education. Kindle Edition.
Business
1 answer:
Stolb23 [73]3 years ago
6 0

Answer:

d. Making choices based on comparing marginal benefits with marginal costs

Explanation:

Opportunity Cost Marginal Analysis in Economics helps managers to understand the idea of opportunity cost in making an additional input for output. Presume a manager realizes that there is space in the budget to employ an additional worker. Marginal analysis tells the manager that an additional worker provides net marginal benefit or not and the manager then decides if to hire one more worker or forgo it for an alternative.

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The Full Employment and balanced Growth Act of 1978 formally established a specific unemployment target for the economy of
Advocard [28]

The Full Employment and Balanced Growth Act of 1978 formally established a specific unemployment target for the economy of what percentage?

Answer:

4 percent

Explanation:

The Full Employment and Balanced Growth Act of 1978 formally established a specific unemployment target for the economy of 4 percent

The Act also declared that on or before the year 1983 the federal government should achieve an adult unemployment rate of at most 3 percent, a civilian unemployment rate of at most 4 percent, and an inflation rate of at most 3 percent.

Hence, in this case, the correct answer is 4 percent.

7 0
2 years ago
What are the 5 largest state and local expenses?<br> list them in older highest to lowest
vodka [1.7K]
Elementary and secondary education (22%), public welfare (21%), higher education (10%), health and hospitals (9%), police and corrections (6%), highways and roads (6%)
3 0
3 years ago
Discovered
vesna_86 [32]
Um I think it’s number 4.
7 0
3 years ago
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's recor
Charra [1.4K]

Answer:

                                Help Today

                 Statement  of Retained Earnings

           For the Month Ended on August 31, 202X

Retained earnings at the beginning of the period:          $0

Net Income:                                                                 $10,410

Dividends:                                                                  <u>($6,020)</u>

Retained earnings at the end of the period              $4,390

Explanation:

First we must organize the numbers and prepare an income statement:

Consulting fees earned $27,010

Rent expense ($9,570)

Salaries expense ($5,620)

Telephone expense ($880)

<u>Miscellaneous expenses ($530)</u>

Net income: $10,410

then a balance sheet:

Balance Sheet

Assets:

Cash $25,370

Accounts receivable $22,370

Office supplies $5,260

Land $44,010

Office equipment $20,020

Total assets: $117,030

Liabilities and Equity:

Accounts payable $10,540

Common stock $102,100

Total liabilities and equity: $112,640

+ Retained earnings $4,390

Total: $117,030

Dividends 6,020

two ways to determine retained earnings:

  • Retained earnings ⇒ assets - (liabilities + equity) = $117,030 - $112,640 = $4,390
  • Another way to calculate retained earnings = net income - dividends = $10,410 - $6,020 = $4,390

8 0
3 years ago
How many pages does a good résumé have?
nasty-shy [4]
B is a reasonable amount of pages. You'll want to be brief in your resume as to not make the employer bored while they are reading it. Just keep the important stuff.
3 0
3 years ago
Read 2 more answers
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