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galina1969 [7]
3 years ago
14

1. This problem asks about opportunity costs in different situations. a. You get a jump on your holiday shopping in July and buy

a Hatchimal toy for $40, planning to give it to your child. In December, Hatchimals suddenly become incredibly popular, so that you could get $400 (after any taxes and fees) from selling yours. What is the opportunity cost of giving the toy to your child
Business
1 answer:
AleksandrR [38]3 years ago
7 0

Answer:

the $400 you would have earned if you sold the toy

Explanation:

Opportunity cost or implicit is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If you didn't give the toy to the child, you could have sold it for $400. Selling the toy is the next option and thus, it is the opportunity cost

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A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its ___________ and how
maria [59]

Answer:

Scarce resources.

Explanation:

A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its scarce resources and how we must make rational decisions in order to move toward a higher standard of living for all. Some of these scarce resources include money, time, land, labor, capital and entrepreneurship. If these resources are not well managed, it usually results in an economic downturn, recession and inflation which are typically a negative factor for good standards of living for the people living in the particular country.

Hence, a proper allocation of scarce resources would improve the standards of living in a country.

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3 years ago
Top 5 cx trends 2020
Gwar [14]
GREEN PRESSURE. In 2020, consumers move from eco-status to eco-shame.
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4 0
3 years ago
The estimated expense for accounts that may not be collected is referred to as:
sashaice [31]

Answer: a bad debt expense

Explanation:

The estimated expense for accounts that may not be collected is referred to as. bad debt expense. Joyce Corp uses the percentage-of-receivables method to account for bad debt expense. Joyce determines that a customer account of $20,000 should be written off as uncollectible

3 0
2 years ago
Every year, 7 Days, a large retail chain, organizes a large annual function in which it gives an "Employee of the Year" award to
Simora [160]

Answer:

E) ceremonies

Explanation:

In an organization's culture, ceremonies are extremely important for what they represent, not necessarily for the monetary amount of a price. A ceremony is a formal event and in this case it occurs in front of almost all the employers of the retail chain. The employee that is awarded the prize is not only given money, he/she is also being recognized for being the employee of the year in front of everyone else.

5 0
3 years ago
Read 2 more answers
To find out more about the pros and cons of a product, it is often a good idea to study the behavior of the individuals or group
Natalija [7]

Answer:

Copy Testing

Explanation:

Copy testing is a market research analysis method that utilizes the consumers' responses , behavior and feedback to determine the effectiveness and relevance  of an advertisement.

This method reveals a great deal of information about the pros and cons of a particular product through the analysis and study of individuals or group of users.

It addresses media channels like the internet and social media ,  television radios and others.

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3 years ago
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