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RUDIKE [14]
3 years ago
13

How does "cost" differ from "opportunity cost"?

Business
1 answer:
sergiy2304 [10]3 years ago
6 0

Answer:

"cost" represents the money paid for something and "opportunity cost" is the value of the thing given up when one chooses something else.

Explanation:

I got this answer from a different website because I'm not very good at explaining stuff like this but I took financial math and this is a good answer.

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Jim wilson is trying out for his high school varsity basketball team. jim feels he needs an extra advantage to ensure that he ma
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Answer:

Psychological factors.

Explanation:

Buying the nicest and most expensive shoes may not actually help Jim be a better basketball player. Jim's choices are not based in rationality but in the psychological belief that nice shoes will give him an advantage.

7 0
3 years ago
List four natural resources that you think would go into the production of the following products
fenix001 [56]

Answer:

sorry I think u got yr question incomplete..

Explanation:

Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water. Animals, birds, fish and plants are natural resources as well.

<h2>stay safe healthy and happy.</h2>
5 0
3 years ago
A land title search office has a staff of three, each working eight hours per day (for a total payroll cost of $480/day) and ove
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<span>Well, your costs per title have decreased from: $780/7 = $111.43 to: $1080/12 = $90 That represents a decrease in costs of almost 20%. Then. taking the change in titles processed per dollar of cost (the reciprocals of previous calculations), means that total productivity has increased by around 23.8%. Are you calculating labor productivity as including overhead? Because then the answer is 23.8%.</span>
4 0
3 years ago
Read 2 more answers
Does the United States’ labor supply tend to be more elastic or more inelastic? Explain the competing theories discussed in our
tensa zangetsu [6.8K]

Answer:

The labor market operates in the US and other free-market systems according to the laws of supply and demand. Workers or laborers offer their time to the marketplace for a price. Business firms have a demand for labor of various kinds at various prices.

Explanation:

6 0
4 years ago
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Which of the following statutes applies to the hacking of another's computer or accounts?​ a. ​CAN-SPAM b. ​The Stored Communica
Klio2033 [76]

Answer:

C. The Unauthorized Access Computer Crimes

Explanation:

Unauthorized access involves trespassing and accessing private information or data on a system without the consent of the computer user or owner. The unauthorized access computer crimes statutes accounts for hacking of another person's computer.

This makes it illegal and punishable under to law to access an individual's computer whether through remote access or internet access without the permission of the owner.

6 0
3 years ago
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