Answer:
Opportunity cost are experienced whenever choices are made
Explanation:
Scarce resources means the shortage or unavailability of resources required for production of goods and services . In fact economists believe that all resources are scarce because of the limit to the availability of factors of production involved in the production.
To manage scarcity , economist came up with the principle of opportunity cost.
Opportunity cost is the cost of the alternative forgone while making a choice.
This means that as a man may not be able to meet up with all his needs due to scarcity of resources , he will need to select the ones that are of utmost importance and forgo the other needs on the list , whichis the opportunity cost of the transaction.
Answer:
Start-up cost; variable cost
Explanation:
Start-up cost is the cost incurred in developing a new product. It is a one time cost that is incurred only at the time of creating something new. Start-up cost includes borrowing cost, research and development cost and expenses incurred on technology.
Variable costs change with the change in units of output produced. Cost of chemicals depend on the amount of drugs produced. So, research and development cost is start-up cost and cost of chemical is variable cost.
Answer: Above 5%
Explanation:
Unemployment has dropped to record lows which means that more people are able to afford goods and services. This increase in demand will shift the demand curve to the right thereby increasing prices.
Crude oil also rose in price which means that the price of gasoline has risen as well as the price of transport which is a major component of inflation.
Given these factors, inflation is sure to rise above the 5% level of the previous year.
Using straight-line depreciation.
Changing to FIFO
Using the weighted average method for capitalizing interest during times of reduced interest rates, rather than the specific method.
Changing to the successful efforts method of accounting for natural resource exploration costs.
Changing to the successful efforts method of accounting for natural resource exploration costs.
<u>Explanation:</u>
The particular technique initially underwrites the enthusiasm on explicit obligation. With financing costs on the decay, enthusiasm on lower rate obligation is promoted and more is expensed, comparative with the weighted normal technique, which underwrites at the normal rate over all obligation.
The weighted normal strategy would underwrite more enthusiasm on more established (higher loan cost) obligation, in this way diminishing the present measure of premium cost and expanding income. Expanding profit lessens the danger of rebelliousness for this firm.
When a patient receives services from a licensed doctors, these services are recorded and assigned codes by the medical coder. ICD codes are used for diagnoses, while CPT codes are used for various treatments. The summary of these services, through these code sets, make up the bill. Medical Claim Billings are rejected when Diagnostic code (ICD-10 code) and procedure code (CPT code) are missing, not complete, or do not match to the treatment given by the physician.
