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ella [17]
3 years ago
14

According to the law of increasing opportunity cost, as a society produces more and moreof a certain good, further production in

creases involve ever-greater opportunity costs, so that producing the good is associated with greater and greater trade-offs.
true/false
Business
1 answer:
tester [92]3 years ago
4 0

Answer:

The statement is: True.

Explanation:

The increasing opportunity cost law states that <em>as long as the production of a good or service increases, the opportunity cost of producing that next good or service will increase</em> as well. For this scenario to take the factors of production -land, labor, and capital- must be at their maximum efficiency.

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A survey is​ valid, if it​ __________. produces distinct results in similar conditions
blsea [12.9K]
A survey is valid, if it measures what it is designed to measure. And the answer is c. is the correct answer. Hope it helped you!
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3 years ago
At a price of $0.50, how many more or fewer cups of lemonade do caroline and emily sell when the temperature is 60 degrees than
djverab [1.8K]

At a price of $0.50, the amount of cups of lemonade that Caroline and Emily sell when the temperature is 60 degrees than when the temperature is 80 degrees is <u>-</u><u>1</u><u>5</u>.

50 - 80 = -30

= -30 * 0.5

= - 15

<h3>How does one arrive at the answer?</h3>

This is an instance of demand curve shift which refers to key changes in the balance of supply and demand that alter the quantity demanded at the same price. Hence, the shift in the quantity demanded will affect the amount of cups of lemonade that is sold.

Sometimes questions that involve graphs will ask you to consider the effect of a changing factor or factors. Problem statement: the line labeled D1 in the graph to the right shows the number of cups of lemonade that Caroline and Emily can sell at their lemonade stand at various prices.

Caroline and Emily have noticed that they sell more lemonade when it's hotter. Click anywhere on the graph to open a window with a control labeled Temperature. If you use the slider to change the temperature, the line will shift. Change the temperature from 80 degrees to 50 degrees.

At a price of $0.50, the amount of cups of lemonade that Caroline and Emily sell when the temperature is 60 degrees than when the temperature is 80 degrees is<u> -15</u>.

Therefore, the correct answer is as given above

learn more about demand curve: brainly.com/question/16790743

#SPJ1

3 0
1 year ago
A best-seller novel sells for $28 in hardback edition and $12 in a paperback edition. a book store's sales of both editions tota
Mekhanik [1.2K]
The number of each type of book is what is unknown, so we can represent those quantities with variables. Let x = the number of hardbacks and y = the number of paperbacks. Then we know that: x + y = 65 (the total number of books sold) We also know the total cost of both editions, which is $1356. It can be written algebraically as: 28x + 12y = 1356 We now have a system of two equations, which can be solved by substitution. It would be easier to solve the first equation for either x or y and substitute that into the second equation. 
6 0
3 years ago
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's
Svetlanka [38]

Answer:

Variable cost per unit= $0.10

Explanation:

Giving the following information:

Cost Machine Hours

March $3,106 15,176

April 2,668 9,558

May 2,892 11,947

June 3,538 17,899

<u>To calculate the variable cost under the high-low method, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (3,583 - 2,668) / (17,899 - 9,558)

Variable cost per unit= $0.10

8 0
3 years ago
Wild Trails Inc., an adventure resort in Texas, has 500 shares of outstanding common stock and has not issued any preferred stoc
erma4kov [3.2K]

Answer:

$55

Explanation:

The earnings per share indicate the profit per outstanding stocks and it is calculated by dividing the net income by the number of shares of outstanding stocks. According to this,

Earnings per share= $27,500/500

Earnings per share= $55

Wild Trails Inc.'s earnings per share (EPS) is $55.

7 0
3 years ago
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