In Economics, a benefit, profit, or value of something that must be given up to acquire or achieve something else is known as opportunity cost.
Therefore, in this case, Two action movies are playing at the movie theater complex, one has a half-price coupon, however, i choose to give up the half-price coupon, then proceeded to see another, this is simply "opportunity cost" in economics.
Answer:
Explanation:
<u><em>A) A temporary increase in government purchases</em></u>
Savings would be used decreasing them. which leads to the government implementing higher taxes. <u>The output will stay the same while the Real Interest and the price level would increase</u>.
<u><em>B) A reduction in expected inflation</em></u>
This provokes more money demand. At the same time, the <u>money price level goes down</u>. <u>The output and the Real Interest will remain at the same level.</u>
<u><em>C) A temporary increase in labor supply</em></u>
The more jobs, the more the people have more money. Interest rate will decrease and money demand will increase. <u>The output would increase while the Real Interest and the price level would drop.</u>
<u><em>D) An increase in the interest rate paid on money</em></u>
Under this scenario, there will be a higher demand for money. If the nominal supply of money remains constant, the <u>price level would decrease</u>. <u>The output will remain the same as well as the Real Interest.</u>
Answer:
O Benchmark
Explanation:
Bench-marking is the practice of comparing a firm's performance against the best in the industry. Through bench-marking, comparison of processes, products, and quality against the set standards or the industry best.
A benchmark is an acceptable standard by which others may be measured or judged against. It is the ideal quality or performance that others should strive to attain.
Answer:
The correct answer is letter "A": rises; falls.
Explanation:
Given a market for a certain good or service, in case the supply decreases at a fastest pace than the demand increases, the equilibrium price is likely to <em>rise</em>. As a result of the quick drop in the supply for that good or service, the equilibrium quantity is likely to <em>fall</em>.
Answer: Rejection-then-retreat approach.
Explanation: The musical equipment salesman is using the Rejection-then-retreat approach to sell his musical items. This method is used to frighten the customers with higher priced items then make them settle for lesser priced items.