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dalvyx [7]
3 years ago
14

If a family spends its entire budget in a given time frame, the family can afford either 80 cans of beans or 45 frozen dinners.

Assuming the family spends its entire budget on just these two goods, what is the opportunity cost of a can of beans in terms of frozen dinners in the time frame? (Round your answer to two decimal places.)
Business
1 answer:
ivolga24 [154]3 years ago
5 0

Answer:

0.56

Explanation:

Opportunity cost refers to the alternative forgone from a list of preference. It is a concept in economics developed as a result of the scarce resources available to satisfy unlimited wants.

Since the family can afford either 80 cans of beans or 45 frozen dinners.

it means that for every 1 can of beans purchased, 45/80 frozen dinner will be let go or not be purchased. Also, for unit of frozen dinners purchased, the family sacrifices the purchase of 80/45 cans of beans.

Hence the opportunity cost of a can of beans in terms of frozen dinners in the time frame

= 45/80 frozen dinner

= 0.5625

to 2 decimal place = 0.56

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Evergreen Air Center is the world's biggest parking lot for unwanted aircraft. Airlines pay a monthly fee from $750 to $5,000 to
anyanavicka [17]

Answer:

a Competency

Explanation:

Competency refer to set of capabilities an enterprise possesses relating to performance of a task in an efficient manner in a given specific situation.

Competencies are the sum total of skills, knowledge and capabilities.  These are developed over time with application of skills and knowledge.

In the given case, Evergreen reaps benefits with respect to parking area for unwanted aircraft owing to space it possesses and the climate of the location which protects the aircraft from dust and rusting.

This represents a case of competency which has built up over time owing to a capability which has emerged out of application of skills, knowledge and environmental advantage.

4 0
3 years ago
Economists distinguish among the immediate market period, the short run, and the long run by noting that
Greeley [361]

Based on the principle of economics, the correct answer goes thus:

Economists distinguish among the immediate market period, the short run, and the long run by noting that:

  • Elasticity of supply will increase when the number of producers selling a product decreases.

<h3>Immediate market run</h3>

Economists distinguish among the immediate market period, the short run, and the long run by noting that there will be increase in elasticity of supply.

In conclusion, we can conclude that the correct answer is the increase in elasticity of supply.

Learn more about elasticity of supply here: brainly.com/question/4467460

6 0
2 years ago
Manuel wants to sell his new product in foreign countries but with the least amount of risk to himself and his business. what ma
likoan [24]

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8 0
3 years ago
An HR department at a manufacturing firm wants to ensure that applicants for production jobs provide complete information about
givi [52]

Answer: False

Explanation:

While a review of resumé would give some information about the job a physical interview would give a proper insight on the capabilities of the pool of applicants for the job.

So also verbal communication would help you access their strengths and properly allocate them to departments where they would be most efficient if selected.

A resumé wouldn’t give you such opportunities.

5 0
3 years ago
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A disadvantage of the corporate form of organization is professional management. tax treatment. ease of transfer of ownership. l
xeze [42]

A disadvantage of the corporate form of organization is the tax treatment.

<h3>What is the tax treatment?</h3>
  • Tax Structure refers to any fact that may be pertinent to comprehending the alleged or claimed Federal income tax treatment of the transaction.
  • Tax Treatment refers to the asserted or claimed Federal income tax treatment of the transaction.
<h3>What is the transfer of ownership?</h3>
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Therefore, a disadvantage of the corporate form of organization is the tax treatment.

Know more about income tax here:

brainly.com/question/26316390

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3 0
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