Answer:
opportunity costs, incremental costs, out-of-pocket costs
Explanation:
The cost of the following finest possibility that is sacrificed is referred to as the opportunity cost. These are important considerations while deciding between two alternative options.The costs that the firm pays out of pocket are known as out of pocket charges. These are important considerations while making a judgment
The variation in costs between two decisions is referred to as incremental costs. All of these are important in making decisions.
Prioritizing, organization, strategic planning
Answer:
Scarcity, is the right answer.
Explanation:
Scarcity is the answer because economics refers to decision making when there is scarcity. Since we know that human wants are unlimited but the resources are limited. Thus, the scarcity of resources gives birth to the problem of choice. Basically, economics studies the social human behavior in relation to resource allocation. Therefore, economics is all about that is generated to understand the allocation or decisions in the case of scarce resources.
Answer:
375
Explanation:
Breakeven point is the number of units produced and sold at which net income is equal to zero. It is the point at which revenue is equal to cost.
Break even point = F / (P - V)
F = fixed cost = $6,000
P = price = $37,800 / 625 = $60.48
V = variable cost per unit = ($14,600 + $13,200) / 625 = $44.48
$6,000 / $60.48 - $44.48 = 375
I hope my answer helps you
A famous Las Vegas casino because it gets teh most revenue.
