The relevant opportunity costs for you and your friend for allocating four hours to attending the concert are<u> "watching a sporting event on TV for you and studying for your friend.
"</u>
An opportunity cost is characterized as the estimation of a forgone action or elective when another thing or action is picked. Opportunity cost becomes possibly the most important factor in any choice that includes a tradeoff between at least two alternatives. It is communicated as the relative cost of one option as far as the next best option.
Answer:
The graph following these guidelines:
A graph titled Percentage changes in investment rate and G D P has year on the x-axis, from 2008 to 2012, and percentage changed on the y-axis from negative 20 to positive 10 percent, in increments of 5. Both the lines representing investment rate and G D P follow the same trend.
Demonstrates thatchanges in investment
can show if the economy is growing or shrinking.
Explanation:
This graph is a very illustrative one that marks the increment of both the investment rate and the GDP. Establishing a correlation between them means that one is dependant from the other and that the movement in one can create a specific movement in the other. Generally, investment boosts GDP. Now we can use this to deduct growth or decrease in the economy.
Answer:
A: Optimization in differences
B: Optimization in levels
C: Optimization in differences
D: Optimization in levels
Explanation:
Optimization in levels <em>Vs.</em> Optimization in differences
Optimization in levels is a method of selecting different alternatives on the basis of calculating net benefits( net benefits = benefits - costs) a person realizes from those alternatives.
Optimization in differences, on the other hand, is a method of selecting different alternatives on the basis of calculating change in levels of costs and change in levels of benefits to derive net change in benefits.
How to choose?
<u>Optimization in levels</u>: (net benefit) look at total benefit – total cost
<u>Optimization in differences</u>: look at the change in the net benefit of one option compared to another
Sanitary or unsanitary would be the answers. Unless there are choices to go with this question.
Answer:
consumers
Explanation:
Inflation is the losing buying power of money through time. If a consumer is paying 5∈ for a milk carton in 2019 with an inflation of 3% for 2020 the same milk carton will cost 5∈ and 15 cents. At the end inflation of prices is always paid by consumers
