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sergiy2304 [10]
4 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]4 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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An entity where ownership is divided into shares of stock is a:
vladimir1956 [14]

Answer:

D. corporation.

Explanation:

Companies are usually incorporated by the issuance/sale of shares. Corporations are entities that are legally separate from the owners.

The owners' interest in such entities are usually in form of shares held.

A sole proprietor is the owner of a business and no shares are issued before the business commences.

Trade agreements are agreements between two or more parties for which the terms and conditions as well as the responsibilities of the parties involved are spelt out in the deed.

Mutual agencies do not require the ownership of shares of stock.

The right option is D. corporation.

4 0
3 years ago
All the following are advantages of ERP systems except: ______
expeople1 [14]

Answer:

All the following are advantages of ERP systems except: ______

c. moderate to low cost

Explanation:

Enterprise resource planning (ERP) integrates the important parts of their businesses and reduces the time and efforts required to do work.  A good ERP system enables teams to focus on revenue-generating tasks by eliminating repetitive tasks.  But, these advantages come at some steep costs, especially in initial infrastructure and continuous maintenance.

8 0
3 years ago
The after-school tutoring industry is competitive, and so is the labor market for after-school tutors. Suppose male and female t
77julia77 [94]

The correct answer is B

4 0
3 years ago
Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started
MAVERICK [17]

Answer:

$500 gain and $185 tax

Explanation:

Sale of share = No. of  NQOs × No. of shares  × Selling price per share

                      = 10 × 10 × $20

                      = $2,000

Basis = No. of  NQOs × No. of shares  × share price @$15

         = 10 × 10 × $15

         = $1,500

Gain realised = Sale of share - Basis

                      = $2,000 - $1,500

                      = $500

The tax is calculated as follows:

= Gain realised × marginal tax rate

= $500 × 37%

= $185

4 0
4 years ago
Evaluate this sentence, "The best way to get rid of poverty is to increase government expenditures on welfare programs."
solmaris [256]

Answer:

c. This sentence is false. Increasing transfer benefits like welfare will lower the opportunity cost of making decisions that can lead to poverty

Explanation:

Welfare programs involves<em> transfer payments</em>. These payments are made by the government in order to assist the marginalized sectors or people who are in need so they can thrive economically. In this case, the government just provides and doesn't receive anything in return.

If the government expenditures would increase, the transfer benefits would increase too. So this would most likely lead to "poverty" because<em><u> the government will just be spending money without any returns.</u></em>

8 0
3 years ago
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