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TiliK225 [7]
3 years ago
12

What is actually considered a benefit in economics?

Business
1 answer:
Paul [167]3 years ago
4 0

Answer:

1) The benefit should be possible to measure in terms of money.

2) arguments 2 and 3 from the councelor can be considered benefits.

Explanation:

The benefit should be possible to measure in terms of money.

Like revenue, cash flow, job creation, reduce of cost, elimination of cost, increase in productivity per factor and so on.

The acceptance of the view for the bike riders is not measurable in terms of money. We cannot determinate the additional utility in cash for a better view

While we can determinate the lower cost in terms of CO2 emmisions (which have a cost) the time-savings for the people can also be estimated. This will reduce the time on highway for people going to work, and time is money. This increase productivity. Public transport can potentially decrease their times if less automobiles are in the streets.

The construction-related job are also a benefit as will increase the GDP.

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LekaFEV [45]

Answer:

C. some factors that are not measured or observed may affect the curve.

Explanation:

a lot of unforeseen circumstances might occur. these occurrences would not be measured in the estimated demand curve. this would lead to the estimated demand curve not matching the actual demand curve.

for example, the factors affecting the demand for bread are ; price, income, price of a substitutes. these are included in estimating the demand curve for bread. Assume that a study comes out stating that bread is harmful to the health.this reduces the demand for bread. this study wasn't anticipated and included in estimating the demand curve. as a result, the actual data would differ from the estimated data  

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3 years ago
Looking through pages to find information that you have already identified is know as:
makvit [3.9K]

A.

because as you're passing the page you are scanning it and looking for the answer

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zlopas [31]

Answer:

I would politely reach out to XYZ organization and let them know I won't be taking them on their offer

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If this new offer excited me more than what XYZ corporation has offered, then I have to decide which company i would decide to do my internship with. So I would have to politely decline the offer from XYZ.

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2 years ago
A hungry man is willing to pay a high price for food. After he is no longer hungry, he is not willing to pay the smae high price
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