Answer:
The correct answer is letter "D": opportunity cost.
Explanation:
Opportunity cost can be defined as the return obtained after choosing one option over another. In other words, it is what is left on the table after deciding to do one thing instead of taking a different choice. Evaluating all the possible options before making a decision is helpful to obtain the highest opportunity cost available.
In the example, graduating a semester early is the opportunity cost of taking summer classes. There are other several possibilities the student could have taken as traveling during summer vacations or simply relaxing.
Answer:
<em>Oligopoly </em>
Explanation:
There are a <em>few interdependent companies dominating the market in an oligopoly market structure</em>. Depending on their rivals, they are likely to change their prices.
It is said to be <em>extremely focused when a market is shared between a few companies. </em>
While only a few companies dominate, many small companies may also be able to function on the market.
Answer:
the most suitable answer is *Manufacturers may lower fees to compete with other countries' prices
Explanation:
As the question asks for a positive externality, which can be defined as an indirect affect on parties that are not directly involved with the trade agreement.
In this case, the consumers will be the party that get the benefit from the lower prices.
Complete Question:
Options:
a) labor of employees working directly on the product
b) labor of the maintenance employees
c) labor of the clerical staff
Answer:
Indirect labor includes:
b) labor of the maintenance employees
c) labor of the clerical staff (factory)
Explanation:
Indirect labor is the cost of labor for all those who contribute to the production of a product, but indirectly. These include the labor costs of equipment and factory maintenance employees, factory clerical staff, supervisors, and managers, product inspectors and quality controllers, etc. The determining factor is the level of involvement: direct or indirect or outside production. If it is direct or outside production, it is not part of indirect labor.
Answer:
The correct answer to the question: In a market system, ____ distributes goods among consumers in accord with their tastes and preferences, using voluntary exchange to determine who gets what, would be: C: A price system. From looking at the question in other sources, it seems that the answer choices of this one were incomplete, you are missing one, which was the correct choice. Price system is the correct choice in here.
Explanation:
This is the one system through which goods and services are accordingly distributed and offered to consumers, to meet their needs and demands. And it is also the system that allows voluntary exchange to determine how the produced goods and services are distributed.