Answer:
may limit the extent to which a nation specializes in producing of a particular product.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invested the same amount of resources in a salon business or any other business as the case may be.
The law of increasing opportunity costs can be defined as a principle in business which states that, if an organization or business firm continually raise (increase) its level of production, its opportunity cost also increases (rises).
Consequently, this may limit the extent to which a nation or country in any part of the world specializes in producing of a particular product so as to reduce or lower its opportunity cost.
Answer:
Explanation: Eran las doce.
Había mucha gente en la calle.
A las doce y media, Tomás y yo entramos en el restaurante Tárcoles.
Todos los días yo almorzaba con Tomás al mediodía.
El camarero llegó inmediatamente con el menú.
Nosotros empezábamos a leerlo.
Yo pedí el pescado.
De repente, el camarero (volvió a nuestra mesa.
Y nos (dio una mala noticia.
Desafortunadamente, no tenían) más pescado.
Por eso Tomás y yo (decidimoscomer en otro lugar.
(Llovió cuando (salimos del restaurante.
Así que (regresamos al restaurante Tárcoles.
Esta vez, (pedí) arroz con pollo.
Answer:The income elasticity of demand for steak in Cape Charles is ___6.0%____. In this​ instance, steak in Cape Charles is __A luxury good_____
Explanation:
The formula for calculating income elasticity is given as
Percentage Change in demand divided by the Percentage change in income
.
Income Elasticity = 12%/-2%= 6%
Luxury goods have an income elasticity of demand greater +1 what we can conclude from this is that buying streak from Cape Charles is not an essential economic activity because a fall in income resulted to a proportionate decrease in quantity demanded.
In this instance, steak in Cape Charles is a Luxury good _____
Answer:
Option (b) is correct.
Explanation:
Given that
Amount of merchandise purchased = $5,800
Credit terms = 2/10 and n/10
Using a perpetual system and gross method,
Therefore, the Journal entry is as follows:
On May 1,
Merchandise inventory A/c Dr. $5,800
To accounts payable $5,800
(To record the purchase of merchandise on account at May 1)
Answer:
The correct answer is E) Enviromental Sustainability
Explanation:
Enviromental Sustainability refers to the usage of resources at a rate that does not cause their depletion.
We can think of the planet Earth as the sum of all resources available in the global economy. When a company says that they want to be enviromentally sustainable, what they mean is that they want to make sure that the resources of the earth are not exhausted, because without resources, there is no possible economy or even survival.
