1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lozanna [386]
4 years ago
14

Two people can benefit from specialization and trade by obtaining a good at a price that is a. lower than his or her opportunity

cost of that good. b. the same as his or her opportunity cost of that good. c. higher than his or her opportunity cost of that good. d. different than his or her opportunity cost of that good.
Business
1 answer:
denis-greek [22]4 years ago
8 0

Answer: Option (a) is correct.

Explanation:

Correct Option: Lower than his opportunity cost of that good.

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

In our case, if people obtained a good at a price that is lower than his opportunity cost of that good then he will be benefited from the trade.

You might be interested in
Why is it more likely that employee referral programs are effective and successful?
777dan777 [17]

Answer:

Explanation:

These programs are usually effective and successful because the current employees that provide for this program tend to be the more highly efficient employees in the company and they tend to recruit individuals who they personally know as responsible and qualified. This therefore not only brings in qualified candidates but also saves the company money on recruiters and trainers, since the employee themselves can train the new recruit.

7 0
3 years ago
List at least four ways someone can prepare to
Anastasy [175]

Explanation:

1. Identify a safe place or safe friend: Have a contact of a friend who can help you out to "get rid of that place". You can also have a code word to communicate that you are in danger.

2. Keep an alternate number for you: Buy a new number for you without knowing to the troublesome person to call and inform about the situation during danger.

3. Documents ready: Keep all the documents ready to safe guard yourself and your finance.

4. Memorize the contact numbers: Memorize the contact numbers family or friends who supports you.

4 0
4 years ago
A financial adviser has just given you the following​ advice: "Long-term bonds are a great investment because their interest rat
Nikolay [14]

Answer:

No

Explanation:

Long term bonds might not be great investments if the interest rate fall  or even slide into negative value in the future. This means that the bond will become insignificant in value.  

Cheers

3 0
3 years ago
Read 2 more answers
What is a check endorsement?
e-lub [12.9K]

Answer: Signature included on the front or back of a check acknowledging that both parties have agreed to exchange the specified amount on the document

7 0
4 years ago
Read 2 more answers
There are three seats on the board of directors of MMT, Inc., up for election. The firm has 175,000 shares of stock outstanding
ludmilkaskok [199]

Answer:

$708,750

Explanation:

The computation of the amount spend is shown below:

But before that first determine the number of shared needed which is

= (Shares of stock × number of seats) ÷ (total number of seats + 1) + 1

= (175,000 shares × 1) ÷ (3 + 1) + 1

= 43,750 + 1

= 43,751 shares

Now the cost is

= (43,751 shares - 10,000 shares) × $21

= $708,750

4 0
3 years ago
Other questions:
  • Melanie invested $12,200 at 4.8% interest compounded semiannually and she wants to know how much her investment will be worth in
    13·1 answer
  • Target Costing Oregon Equipment Company wants to develop a new log-splitting machine for rural homeowners. Market research has d
    9·1 answer
  • What do you guys think?
    10·1 answer
  • All of the following statements accurately characterize the management of American corporations in the 1920s except: men with en
    12·1 answer
  • When paraphrasing or summarizing, it is not necessary to give credit to the original source if you use your own words.
    12·2 answers
  • The Athletic Department of Leland University is considering whether to hold an extensive campaign next year to raise funds for a
    10·1 answer
  • homeowner can obtain a $250,000, 30-year fixed-rate mortgage at a rate of 6.0 percent with zero points or at a rate of 5.5 perce
    7·1 answer
  • Risser Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined ov
    14·1 answer
  • On December 31, Year 1, Ott Co. had investments in marketable debt securities as follows: Amotized Cost Market value Mann Co. $1
    7·1 answer
  • Which type of revenue or gain is generally recognized with the passage of time? revenue from sales. gain or loss from dispositio
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!