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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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Economists believe that scarcity is
krek1111 [17]

Answer:

Scarcity refers to the basic economic problem, the gap between limited  that is, scarce  resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

HOPE THIS HELPED!!!!!!!!!!XDDDDD

8 0
3 years ago
Read 2 more answers
Lopez Corporation incurred the following costs while manufacturing its product.
grandymaker [24]

Answer:

$358,150

Explanation:

Cost of goods manufactured is calculated in a Schedule of Manufacturing Costs as follows :

Cost of goods manufactured = Beginning Work In Process + Total Manufacturing Costs - Ending Work In Process

where,

Total Manufacturing Costs :

Materials used in product              $124,260

Depreciation on plant                     $69,650

Property taxes on plant                   $21,750

Labor costs of assembly-line        $120,570

Factory supplies used                     $25,810

Total                                               $362,040

therefore,

Cost of goods manufactured = $13,700 +   $362,040 - $17,590 = $358,150

8 0
3 years ago
A salesperson is listing a property in a mostly Hispanic neighborhood that is owned by Hispanic sellers. He advertises the prope
andreyandreev [35.5K]

Answer:

The salesperson should advertise the property in Portuguese-language community newspapers as well in papers that circulate beyond the community/neighborhood

Explanation:

The additional step to be taken by the sales person to help him avoid charges of discrimination would be The salesperson should advertise the property in Portuguese-language community newspapers.

This is because in a Hispanic neighborhood there are two major languages that are most probably spoken and written there and they are Spanish and Portuguese hence the salesperson has to advertises in both languages.as well in papers that circulate beyond the community/neighborhood

7 0
3 years ago
Which of the following is a normative statement?
zmey [24]

Answer: B) Flood victims should pay for their own rebuilding.

Explanation:

Normative statements are statements that shows people's opinion, judgement or how things should be. They are factual statements.

8 0
3 years ago
A person who routinely buys goods in good faith from a person who routinely sells such goods.
Mazyrski [523]
They are considered a buyer in the ordinary course of business.
4 0
4 years ago
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