Answer:
It should be greater than $36
Explanation:
The opportunity cost of working is the amount of money sacrificed or could have earned if the individual was not working. In this case, Claire has decided to go with her friend which means that the opportunity cost of not working is less than the benefits receives from going out. Because she is not working it means that the opportunity cost of working is more than 36 dollars, which is the income she could have earned in 3 hours.
Answer:
How is the price elasticity of demand measured?
c. by dividing the percentage change in the quantity demanded of a product by the percentage change in the product's price
Explanation:
Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes. More precisely, it gives the percentage change in quantity demanded in response to a one percent change in price.
The amount of stockholder's equity is calculated as -
Total stockholder's equity = Common stock issued + Additional paid in capital + Retained earnings - Treasury capital
Total stockholder's equity = $ 12,000 + 11,000 + $ 12,000 - $ 4,000
Total stockholder's equity = $ 31,000
As it pertains to the diffusion of innovation, if the Early adopters
<span>group is relatively small, the number of people who ultimately adopt the innovation likely will also be small.
Early adopters refers to a group of people that start to use our product as soon as it available. The more early adopters we have, the easier it is for us to take the market share because of the mouth-to mouth advertising.</span>
Answer: Optimization of resource allocation
Explanation: Macroeconomics, in simple words, refers to the study of economy as whole. It focuses on factors, the impact of which is high on economy such as interest rates and national productivity.
One of many concerns that macroeconomics deals with is optimization of resource allocation, which means using resources in that sector which gives the best results and maximum profit to the economy.
