Answer:
1. Trade off
2. Opportunity cost
3. Cost-benefit analysis
4. Diminishing marginal utility
Explanation:
1. Giving up one benefit or advantage to gain another regarded as more favorable is called trade-off. Every economic decision involves some trade-off.
2. Opportunity cost is the second-best alternative or value of the alternative, that must be given up when making a choice. Because of scarce resources with alternative uses allocation of resources involves some opportunity cost.
3. Cost-benefit analysis can be defined as the process of examining the benefits and costs of each available alternative in arriving at a decision. Resources are allocated efficiently if the cost incurred and benefit earned is equal.
4. As we go on increasing the quantity consumed of a product, the marginal utility or satisfaction earned from its consumption goes on decreasing. This is called diminishing marginal utility.
Answer:
B. Target market customers are essential factors for selecting business locations.
Indirect materials include <u>salt and pepper.</u>
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What are indirect materials ?
- Indirect materials are goods that, while part of the overall manufacturing process, are not integrated into the final product.
- For example, disposable gloves, personal protective equipment, tape, etc., may be essential to a production line, but they are not part of the actual product created on that line.
- When cost savings take priority, it’s important to control spending and compliance by using a unified source-to-pay (S2P) platform for indirect materials.
- Among S2P platforms, cloud-native ones offer the best functionality: they are easy to set up, deploy, learn and use, and they offer real-time, end-to-end visibility.
- Unlike indirect materials, direct materials are components that are integrated into a manufactured product.
- For example, chips in a mobile phone are direct materials in mobile phone production.
To know more about indirect materials, refer:
brainly.com/question/14896549
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Answer:
Explanation:
You need to use the formula to calculate the future value of a constant annual deposit:
![Future\text{ }value=Deposit\times \bigg[\dfrac{(1+r)^n-1}{r}\bigg]](https://tex.z-dn.net/?f=Future%5Ctext%7B%20%7Dvalue%3DDeposit%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%5Cbigg%5D)
Where r is the expected percent return, and n the number of years.
<em><u>1. For a deposit of $30,800 at the end of each year for the next 11 years, with 7% interest.</u></em>
You will have saved:
![Future\text{ }value=\$ 30,800\times \bigg[\dfrac{(1+0.07)^{11}-1}{0.07}\bigg]](https://tex.z-dn.net/?f=Future%5Ctext%7B%20%7Dvalue%3D%5C%24%2030%2C800%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B%281%2B0.07%29%5E%7B11%7D-1%7D%7B0.07%7D%5Cbigg%5D)
<em><u>2. For a deposit of $33,300 each year, for the same number of years and with the same interest rate.</u></em>
You will have saved:
![Future\text{ }value=\$ 33,300\times \bigg[\dfrac{(1+0.07)^{11}-1}{0.07}\bigg]](https://tex.z-dn.net/?f=Future%5Ctext%7B%20%7Dvalue%3D%5C%24%2033%2C300%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B%281%2B0.07%29%5E%7B11%7D-1%7D%7B0.07%7D%5Cbigg%5D)
<em><u>3. For a deposit of $30,800 each year, but with 11 percent interest, for 11 years.</u></em>
![Future\text{ }value=\$ 30,800\times \bigg[\dfrac{(1+0.11)^{11}-1}{0.11}\bigg]](https://tex.z-dn.net/?f=Future%5Ctext%7B%20%7Dvalue%3D%5C%24%2030%2C800%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B%281%2B0.11%29%5E%7B11%7D-1%7D%7B0.11%7D%5Cbigg%5D)
