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mina [271]
2 years ago
14

In economics, why must consumers, businesses, and governments make choices?

Business
1 answer:
Rainbow [258]2 years ago
4 0
Due to scarcity. There exist unlimited wants but only scarce amount of resources to meet those wants so items must be allocated through a system of prices or through exchange. 
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7. Another example of opportunity cost is a company's cost of capital. Suppose a manufacturer wants to add
vredina [299]

Answer:

You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.

Explanation:

alternative 1, build and sell microwave ovens:

initial outlay = $500,000

net cash flow per year = $225,000 - $200,000 = $25,000

alternative 2, invest in US securities:

investment = $500,000

net cash flow per year = $500,000 x 10% = $50,000

Opportunity costs are the benefits lost or extra costs resulting from choosing one activity or investment over another.

If you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000 = -$25,000.

Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000 = $25,000.

6 0
2 years ago
If some activity creates external benefits as well as private benefits, then economic theory suggests that the activity ought to
oee [108]

Answer:

C. Subsidized

Explanation:

According to the economic theory, subsidies could be used to counter market weaknesses and externalities so that greater economic performance is achieved. Subsidy refers to the release of funds from the government to an individual, business, or entity. This results in a decrease in the value of the subsidized product. This support could be either in the form of cash or kind and is usually given to support a social or economic policy. The purpose of the subsidy is to promote the interests of society. It is part of the government 's non-planned expenditure.

7 0
2 years ago
Scot and Vidia, married taxpayers, earn $90,400 in taxable income and $5,000 in interest from an investment in City of Tampa bon
EastWind [94]

Answer:

a) Since Scot and Vidia's ordinary income = $90,400 + $81,000 = $171,400, their marginal tax rate will be 24%, and they will owe $29,211 + [($171,400 - $171,500) x 24%] = $29,295 in taxes

They will also have to pay 15% of $5,000 (capital gains) = $750

b) Since Scot and Vidia's ordinary income = $90,400 - $81,000 = $9,400, their marginal tax rate will be 10%, and they will owe $9,400 in taxes

They will also have to pay 15% of $5,000 (capital gains) = $750

4 0
2 years ago
The economic interdependence among nations is often measured by their ___________.
Andrew [12]

The economic interdependence among nations is often measured by their openness.

What is economic interdependence?

The term "economic interdependence" refers to a measurement of the value of economic exchanges between two nations or between a nation and the rest of the globe, sometimes scaled to total national production or some other indicator of total financial assets. Globalization is one of the effects of economic interconnectedness. Each country's economy is at this point reliant on the supply of goods from other countries. For instance, China is currently a major supplier of goods to the United States.

Therefore,

The economic interdependence among nations is often measured by their openness.
To learn more about economic interdependence from the given link:

brainly.com/question/27693450

#SPJ4

7 0
11 months ago
Which of the following situations would not result in auditors adding an emphasis-of-matter paragraph or section to their report
Alexxandr [17]

Answer: Reference to a departure from GAAP that is material, but not pervasive, to the financial statements.

Explanation:

Based on the information given, the situation which would not result in the auditors adding an additional paragraph to their report without the modification of the introductory, the scope, or the opinion paragraphs of the report is option A "Reference to a departure from GAAP that is material, but not pervasive, to the financial statements".

Other options are incorrect. Therefore, the correct option is A

8 0
2 years ago
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