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ad-work [718]
3 years ago
12

A country has two main products: hats and grapes. The country decides to start making more and more hats and fewer and fewer gra

pes. Why does the opportunity cost of making hats increase as more and more hats are produced?
Business
1 answer:
Dmitriy789 [7]3 years ago
8 0

Answer:

Because as more hats are produced less grapes can be produced.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

There are two commodities that can be produced by the country- hats and grapes.

If the country decides to increase production of hats, it has to reduce the quantity of hats that can be produced, therefore the opportunity cost increases.

Explanation:

For example, let assume a country can produce 30 grapes and 30 hats. If it decides to increase the amount of hats produced to 40, only 20 grapes can be produced. If it decides to increase to 50 hats only 10 grapes would be produced and if it decides to produce 60 hats, no grapes would be produced.

It can be seen that opportunity cost increases as more hats are produced

I hope my answer helps you

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When doing research, Economists _______ a. Follow the scientific method: observation, theory, and more observation b. Cannot use
Alisiya [41]

Answer:

d. All of the above

Explanation:

Based on the information provided within the question when doing research all of the answers provided are correct. Any field doing research should follow the scientific method, but Economists cannot use the same experiments as other fields because they have to use the data that the world happens to give them and do not have the ability to make control groups and test different variables on the economy like experiments in the field of Physics and Chemistry can.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago
In order to make a résumé persuasive and not self-centered, omit the use of the word _____.
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D. All of the above

Omitting I, me, and my will make the resume more effective.
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3 years ago
Read 2 more answers
KaiLynn has total job benefits of $41,000 per year in her sales job. She pays $63 each month for a cell phone for work. She is a
alukav5142 [94]

Answer: a. $39,304

Explanation:

Let us begin by calculating the yearly phone bill.

$63 per month so that is

= 63*12

= $756

A total of $756 per year is spent on the company phone.

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7 0
3 years ago
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Hunter-Best [27]

Answer:

Option (b) is correct.

Explanation:

There are three types of price discrimination:

(i) First degree price discrimination or Perfect price discrimination

(ii) Second degree price discrimination

(iii) Third degree price discrimination

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A(n) ______ cost requires a future outlay of cash and is relevant for current and future decision making. Multiple choice questi
Liono4ka [1.6K]

Answer:

out-of-pocket

Explanation:

In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

Generally, an out-of-pocket cost requires that an individual or business outlay their future cash-flow and it must be relevant for current and future decision making.

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