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Simora [160]
3 years ago
11

The principle of ________ is that the economic cost of using a factor of production is the alternative use of that factor that i

s given up.
Business
1 answer:
vlabodo [156]3 years ago
6 0
<span>The principle of opportunity cost is that the economic cost of using a factor of production is the alternative use of that factor that is given up.
</span> This principle is used as a measure to choose one economic choice and  investment, either financial or capital, over another with the goal to <span>ensure that scarce resources are used efficiently.</span>
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The sales statt at Mocmoo Real Estate is compensated primarily based on the value of the properties thay call. However, in order
Nikolay [14]

Answer:

A real estate transaction would generate a high commission for an agent but would associate the agency with the destruction of a beloved local landmark.

Explanation:

there would be a conflict of interest between the organisation and the sales person when the interests of both parties do not align.

The goal of the sales person is to earn the highest possible commission. While, the goal of the firm would be to earn profit and a have a positive image.

If the agent makes the sale, he earns a high commission but this would cost the firm its positive image. thus, the interest of both parties are at odds. this would generate a conflict of interest

5 0
3 years ago
60 points please help
Trava [24]

Answer:

Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations.

8 0
3 years ago
Matt and ann both decide to go to a concert with free tickets. we know that
scZoUnD [109]
C as time is a cost they chose to spend to attend this concert when they could've used their time more efficiently with other things.
4 0
4 years ago
A new technique for extracting oil and gas—called "fracking"—spurred an economic boom in the formerly sleepy town of Oilville, l
Veronika [31]

Answer: technological discovery; economic dislocation

Explanation:

In the scenario described, Karen had spotted an entrepreneurial opportunity that was created by the new extraction technique, or a technological discovery. When there's a technological discovery, there will be new opportunities for people.

The technological discovery created an oil boom or an economic dislocation. When there's a change in economic conditions as a result of displacement of some workers, we say the affected people have been dislocated from the affected economy, in terms of employment.

8 0
3 years ago
Assume milk is used to produce ice cream. Ceteris paribus, a decrease in the price of milk will cause the equilibrium price of i
MariettaO [177]

Answer:

Fall

Explanation:

Milk is an input in the production of milk.

decrease in the price of milk would increase the production of icecream.

An increase in production would lead to an increase in supply of milk.

When supply exceeds demand, equilibrium price drops.

I hope my answer helps you

5 0
3 years ago
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