Answer:
a. Uses economic tools to examine political behavior.
Explanation:
Public choice is a field that uses economics to analyze and understand situations related to the political science like behavior, for example, the analysis of voters' behavior using decision theory. According to this, the answer is that public choice is a field of study that uses economic tools to examine political behavioral.
The other options are not right because population growth and consumption chooices are not related to political science and public choice uses economic tool not mathematics and statistics.
Answer:
d. $1,000
Explanation:
Implicit cost is the cost which has been incurred, and cannot be avoided. It is best described as an opportunity cost that has been foregone, here the funds have been borrowed specially for coffee shop. Interest expense of $8,000 is the cost for such borrowing, also the amount withdrawn from savings account have been used for coffee shop but the interest income foregone is the opportunity cost = $50,000.00
2% = $1,000 is implicit cost.
Therefore, correct option is d. $1,000
Answer:
The Sampling Bias
Explanation:
Here in this question, the owner is only getting information about the customers which are coming to the mall on weekdays only while neglecting the response which could have been received on weekends.
Therefore this can be termed as a <em>Sampling Bias. </em><em>The perfect way to go after this question is to ask the customers which are coming to the mall on weekends as well as weekdays, throughout the day.</em>
<em>Hope this helps. Good luck.</em>
Answer:<em><u>All of the answer choices are correct.</u></em>
The following is a factor to be considered in determining a limited-life intangible asset's useful life:
(a)Any legal provisions that may limit the useful life.
(b)The expected useful life of any related asset.
(c)The effects of obsolescence.
It necessary to note that while evaluating a limited life intangible asset the following factors are considered. i.e. legal provisions, effects of obsolescence and etc.
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<u><em>Therefore, in this case the correct option is (d)</em></u>