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sweet-ann [11.9K]
2 years ago
6

An example of opportunity cost:

Business
1 answer:
maria [59]2 years ago
8 0

Answer: b. Is the Chinese food that you gave up when you chose to eat Italian food.

Explanation: Opportunity cost refers to the cost of the next best alternative foregone or sacrificed. When an individual chooses to take a certain action, then his opportunity cost of doing that will be the alternatives that he has foregone.

IT can be expresses as,

Opportunity cost = \frac{Units sacrificed}{Units Gained}

When the individual chooses Chinese food when he could have choose to eat Italian food, his opportunity cost will be the Chinese food that you gave up.

For other options there is no information on what was given up.

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For most producing firms:_______.
irinina [24]

Answer:

letter a is the correct answer

Explanation:

5 0
2 years ago
Managers use the _____ of their position to influence employees' decisions and actions.
Tasya [4]
Managers use the POWER of their position to influence employees' decisions and actions.
7 0
2 years ago
Financial ratios that measure a firm's ability to pay its bills over the short run without undue stress are known as _____ ratio
katrin [286]

Answer:

Liquidity ratios

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Liquidity ratios measure a company's ability to meet its short term obligations.

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I hope my answer helps you

7 0
3 years ago
Dave's marketing research returned the finding that customers were staying away from his bookstore because of a lack of services
-BARSIC- [3]

Answer: Knowledge gap

Explanation:

 The knowledge gap is one of the concept that helps in explaining the lack of knowledge about the specific concept and by identifying our own abilities, skills and knowledge we can easily identity our main factor of the lack of knowledge.

According to the given question, Dave is basically suffering from the knowledge gap as Dave is unaware about the fact that why people are satisfying away from his store.

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 Therefore, Knowledge gap is the correct answer.  

6 0
2 years ago
Juice Drinks has beginning inventory of $10,000, purchases in the amount of $150,000, and ending inventory of $8,000. Juice Drin
astra-53 [7]

Answer:

$152,000

Explanation:

Given the data as shown below;

Opening inventory = $10,000

Purchases = $150,000

Ending inventory = $8,000

Therefore,

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= $10,000 + $150,000 - $8,000

= $152,000

8 0
3 years ago
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