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mars1129 [50]
3 years ago
7

The opportunity cost of an action: Group of answer choices can be determined by considering both the benefits that flow from as

well as the monetary costs incurred as a result of the action. can be determined by adding up the bills incurred as a result of the action. can be objectively determined only by economists. is a subjective valuation that can be determined only by the individual who chooses the action.
Business
1 answer:
joja [24]3 years ago
3 0

Answer:

The action of opportunity cost is that is the subjective measurement which could be determined only through the individual, who selects the action.

Explanation:

Opportunity cost is the cost or an expense or the value of the next best possible thing which the person or an individual gave up whenever make or take a decision.

In short, it is the loss of the gain that is potential from the other alternatives which are available when an individual or person selects the alternative.

Therefore, the action of the opportunity cost is the cost which is the subjective measure, that could be determined only through individual, who selects the action.

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Which one of the following statements is most​ correct? A. Any central bank purchase of assets automatically results in an incre
Blizzard [7]

Answer: Option (B) is correct.

Explanation:

Correct option: Any central bank purchase of assets results in an increase in the domestic money​ supply, while any central bank sale of assets causes the money supply to decline.

This is basically one of the monetary policy instrument which helps the central bank in order to control the money supply in the economy.

If central bank wants to contract the money supply then central bank sell some of the assets in the market to reduce currency in circulation. After the implementation of this policy, domestic consumers left with less cash in hand and hence they demand less.

On the other hand, if central bank wants to increase the money supply then central bank purchase some of the assets from the market to increase the currency in circulation. After the implementation of this policy, domestic consumers are with more cash in hand and hence they demand more.

∴ This is the statement that is most correct.

4 0
3 years ago
Sheridan Company spent $5600 to produce Product 89, which can be sold as is for $7000, or processed further incurring additional
adoni [48]

Answer:

$2,100

Explanation:

The relevant costs are $2,100.

If the additional costs of $2,100 are incurred then the product 89 could be sold for $9,800.

These incremental costs affect the decision whether to sale the product in $7,000 or incur further costs of $2,100 and as result incremental revenue of $2,100(9,800-7,700) is earned i.e revised selling price less revised cost to produce the product.

Before this further costs incremental revenue was $1,400 (7,000-5,600)

4 0
3 years ago
A favorable cost variance occurs when a.actual costs are more than standard costs b.standard costs are more than actual costs c.
sweet-ann [11.9K]

Answer:

b.standard costs are more than actual costs

Explanation:

There are mainly two types of cost variance.

1. Favorable variance

2. Unfavorable variance

When the standard cost is more than the actual cost then it said to be favorable variance. And when the standard cost is less than the actual cost then it said to be unfavorable variance which can impact the cost overall

So the correct option is b.

3 0
3 years ago
Walmart is the biggest seller of raw chicken to the top 10 fast food chains in the United States. Walmart
Arturiano [62]

Answer: Embargo

Explanation:

Look the definition up. It’s where you stop trade from another country I believe

6 0
3 years ago
Read 2 more answers
Bart works at an accounting firm. He is not respected by his team members because he spends a lot of time on the Internet playin
IgorLugansk [536]

Answer:

free rider

Explanation:

Bart spends alot time in playing game so he not participate in team of work

so we can say Bart is a free rider because A free rider is the that person who get benefit without participate in team or without contribute effort

and this type of problem also arise when individual person make decision about buy public good that is free rider

so here we can say Bart is a free rider

3 0
4 years ago
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