1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
telo118 [61]
3 years ago
14

Lawrence is a photographer. He has $230 to spend and wants to buy either a flash for his camera or a new tripod. Both the flash

and tripod cost $230, so he can only buy one. This illustrates the principle thata.people respond to incentives. b.trade can make everyone better off. c.people face trade-offs. d.rational people think at the margin.
Business
1 answer:
Mandarinka [93]3 years ago
7 0

Answer:

This illustrates the principle that;

c.people face trade-offs.

Explanation:

Commercial transaction especially in business involve various situations that can mirror underlying economic principals, An example of the many economic principals is trade-off. This principal is explained in detail below;

1. Trade-off

A trade-off is a compromise between two desirable products that are incompatible. A trade-off usually involves the foregoing of one choice for the other, it usually involves the sacrifice of one of two products which have the same qualities but one only limited to picking one choice. A trade-off usually happens in business dealings. An example is a situation where one needs to purchase two items that have the same cost and the amount of money the buyer wants to buy can only be enough for one of the products. In this case, the buyer will have to sacrifice one product for the other based on the prevailing financial status limiting him/her from purchasing both of them.

Lawrence's case is a classic trade-off scenario since he is torn between buying a flash for his camera or a new tripod. He needs both of them with equal measure but he can only afford one at a time. This means that he will have to choose one over the other, a principle known as a trade-off.

You might be interested in
When they need stronger horizontal alignment or cooperation to meet goals, functionally designed organizations should adopt a __
jekas [21]
The answer to the question is "MATRIX Structure".

The Matrix structure is a structure when the organization needs a stronger horizontal alignment or cooperation to meet goals, functionally designed organizations should adopt this structure. This type of structure is a combination of functional and divisional chains.
3 0
3 years ago
When you finance a car,the car then becomes __ for th loan.
matrenka [14]
The best answer to the question that is being presented above would be collateral. When you finance a car, the car then becomes the collateral or the pledge of the property for the loan. This is so that the payment system is attained securely and to avoid escaping from due payment.
4 0
3 years ago
Read 2 more answers
Coronado Industries had 293000 shares of common stock issued and outstanding at December 31, 2020. No common stock was issued du
Gnesinka [82]

Answer:

$3.72

Explanation:

earnings per common share = earning attributable to holder of common stock ÷ weighted average number of common stocks outstanding

therefore,

earnings per common share = $3.72

5 0
2 years ago
the audit expectation gap is caused by unrealistic user expectations. what example would not be included in an unrealistic user
Tomtit [17]

The audit expectation gap is caused by unrealistic user expectations. The auditors provides reasonable gap examples that would not be included in unrealistic user expectations.

NASBA believes the expectancy gap relating to fraud and going problems in a financial statement audit may be caused by a few factors: lack of knowledge by way of the general public as to what an audit is and what auditors do; inconsistent audit execution in these regions by some auditors due to lack of expertise.

The expectation hole exists while auditors and the public keep distinct beliefs about the auditors' obligations and obligations and the messages conveyed by way of audit reports. apparently, there's an opening between what the public expects and what it virtually receives.

Learn more about auditors here: brainly.com/question/26048609

#SPJ4

3 0
1 year ago
which would be considered liabilities? check all that apply.motorcycle loanown a housecar loancredit card billmortgage
Alex777 [14]

Credit cards would be considered liabilities.

4 major types of credit cards are Visa, MasterCard, American explicit and discover. Those are the main credit card networks, which most credit playing cards belong to, and they dictate where cards can be used in addition to what secondary benefits cards offer.

It's generally recommended that you have  to a few credit card accounts at a time, in addition to different styles of credit scores.

Keep in mind that your general available credit and your debt-to-credit ratio can impact your credit scores. if you have greater than 3 credit score playing cards, it is able to be hard to maintain song of monthly bills.

Learn more about credit card here: brainly.com/question/6872962

#SPJ4

5 0
1 year ago
Other questions:
  • Using the aging method of accounts receivable method, $5,000 of the company's Accounts Receivable are estimated to be uncollecti
    10·2 answers
  • Match the food technology with its definition
    12·1 answer
  • Pro Corp., a U.S.-based MNC, uses purchasing power parity to forecast the value of the Thai baht (THB), which has a current exch
    15·1 answer
  • You are a senior manager at a large consumer goods company. The company president has noticed that recent college graduates and
    13·1 answer
  • Carson Corporation stock sells for $35 per share, and you’ve decided to purchase as many shares as you possibly can. You have $5
    10·1 answer
  • On January 1, 2018, Solo Inc. issued 1,000 of its 8%, $1,000 bonds at 98. Interest is payable semiannually on January 1 and July
    15·1 answer
  • With milk sales sagging of late, The Milk Processor Education Program (MPEP) decided to move on from the famous "Got Milk" ad sl
    7·1 answer
  • Ariel, Fouad, Nicola, and Daryush are four managers at Lost Soles Shoes. Each uses a different decision-making style and believe
    9·1 answer
  • Below, you are given the total revenue and total cost associated with producing and selling different quantities of a good. You
    13·1 answer
  • On January 1, James Industries leased equipment to a customer for a five-year period, at which time possession of the leased ass
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!