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Step2247 [10]
2 years ago
6

An Uber driver faces costs for driving that include sunk costs like insurance that contribute to the average cost per mile of $.

50. Yet when a rider offers to pay less than that for a ride, the driver agrees because
Business
1 answer:
crimeas [40]2 years ago
4 0

Answer: sunk costs don't increase as driving increases.

Explanation: sunk costs are irrelevant costs because they have already occured in the past and cannot be avoided. Sunk costs thus do not differ between alternatives, and are unavoidable. The calculation for insurance and other sunk costs are likely not based on the amount of rides the Uber picks up, but rather calculated at a constant rate. So regardless of whether or not the rider pays more or less than the $.50 on the insurance, this will not have any effect on the insurance that is constant and has likely already been paid out.

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b.

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4 0
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castortr0y [4]

Answer: it experiences a capital inflow.

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A trade deficit is a situation that occurs when the imports of a country is greater than the exports of the country. This is usually measured in monetary terms. For example, let's say in a certain year, the United States exported $3 trillion in goods and it imported goods worth $4 trillion, th n the trade deficit will be ($4 trillion - $3 trillion) = $1 trillion.

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2 years ago
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3 0
2 years ago
An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $24 billion to reduce inflati
Eva8 [605]

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It should raise up to 56 percent of taxes

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3 years ago
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