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4 years ago

Estimating your expenses means

Business

2 answers:

kompoz [17]4 years ago

5 0

Estimating your expenses means checking of the money you have spent on buying goods or services over a period of time.

On individual basis, a person can estimate his monthly expenses by writing down about where he spent his money. He can spend money on many things like house rent, electricity bill, phone bill, credit card bill, grocery, tuition fee, and on many other things. These are called the expenses he has made over a month.

Similarly companies also keep record of their expenses. There expenses are big and different as compared to individual household expenses. So all such things are estimating the expenses.

natka813 [3]4 years ago

3 0

It Means you’re staying up-to-date on what you pay for and what leftover money you will have possibly?

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3 years ago

Look at Exercise 19.2. Compute the opportunity costs of producing sweaters and wine in both France and Tunisia. Who has the lowe

monitta

Answer:

Answer Illustration : Opportunity Cost of producing Wine is lesser in France, Opportunity Cost of producing Sweaters is lesser in Tunisia. So, France has comparative advantage in Wine, Tunisia in Sweater.

Explanation:

Opportunity Cost is the cost of next best alternative foregone while choosing an alternative.

Opportunity Cost of producing Sweaters & Wine in France & Tunisia are quantities of other goods (Sweaters or Tunias) sacrifised while choosing either. Sweater Opportunity Cost - Wines sacrifised, Wine Opportunity Cost - Sweaters sacrifised.

The country has a comparative advantage in a good if it can produce it with relatively less opportunity cost (in terms of other good sacrifised) than other country.

Ex : Production Possibilities

Wine Sweater Trade off (Wine :Sweater)

France 10 5 1:0.5 or 2:1

Tunisia 8 24 1:3 or 0.33:1

France produces Wine with lesser opportunity cost (sweater sacrifised) than Tunisia [0.5 sweater < 3 sweaters] ; it has comparative advantage in Wine.
Tunisia produces Sweater with less opportunity cost (wine sacrifised) than France [ 0.33 wine < 2 wines] ; it has comparative advantage in Tunisia

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3 years ago

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3 years ago

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Stolb23 [73]

Answer:

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Explanation:

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4 years ago

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Y_Kistochka [10]

Answer:

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Explanation:

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3 years ago

Estimating your expenses means ​

Estimating your expenses means