Answer:
This distinction gives rise to two types of opportunity cost--explicit and implicit.
1:Explicit Cost: This is an opportunity cost that involves a money payment and usually a market transaction. ...
2:Implicit Cost: This is an opportunity cost that DOES NOT involve a money payment or market transaction.
Gross domestic product tracks economic growth by measuring all goods and services option B: produced by an economy.
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What is Gross domestic product?</h3>
Gross Domestic Product is refers to as the measurement of the total value of the output of all the goods and services produced within a Financial year by the country.
Moreover, the term GDP does not include Intermediate goods and services because it is only concerned with the New and Current production.
Therefore, correct option is B.
Learn more about Gross domestic product, refer to the link:
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Microeconomics is the area that is concerned with the ways to reduce the teenage smoking
Explanation:
The branch of economics that deals with the decision that the individual makes or the firms make is called as micro economics and it is usually determined by the human choices and the incentives
They are determined by the supply of goods the scarcity of the resources the money prices and the demand of the goods and the commodities the decisions that are made by the people in small scale is also called as micro economics
Answer:
Change is net working capital is -$18,500(use of cash)
Explanation:
Due to the expansion inventory would increase by $4,500 ($9,500-$5,000)
Accounts receivable would also increase by $4,000 over its previous amount.
Accounts payable would reduce by $10,000 as compared to previous balance of accounts payable
The change in net working capital=$4,500+$4,000+$10,000=$18,500
This is a use of cash not a source of cash inflow
