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taurus [48]
3 years ago
9

A HEADLINE article in the text indicated that North Korea is expanding its missile programs, and at the same time it is running

out of food. If North Korea is on its production possibilities curve and reduces food production so that it can increase the size of its military, this is an example of:____________.
A. opportunity costs
B. laissez faire
C. Externalities
D. ceteris paribus
Business
1 answer:
laiz [17]3 years ago
7 0

Answer:

Opportunity cost

Explanation:

NK is taking this opportunity to expand its missile programs at the expense of food production.

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The amount of money you earn at your job, and the manner in which you receive that money, is called_____
77julia77 [94]
Is this multiple choice? I think it might be salary
8 0
4 years ago
The demand for automobiles is expected to decrease this year. Other things being equal, which of the following is the best forec
irga5000 [103]

Answer:

A decrease in both the market equilibrium price and the market equilibrium quantity of autos sold.

Explanation:

A fall in the demand for automobiles would shift the demand curve to the left.

As a result of the leftward shift, both equilibrium price and quantity would fall.

I hope my answer helps you

7 0
3 years ago
When an allocation of resources maximizes total surplus, the result is said to be efficient.
ale4655 [162]

It is True that when an allocation of resources maximizes total surplus, the result is said to be efficient.

This is based on the governmental policies indicators, which state that the equilibrium of supply and demand maximizes total surplus.

This is because, at the equilibrium of supply and demand, the output point is deemed efficient.

This situation is because there is no other price and quantity combination that can lead to a higher level of total surplus.

Hence, in this case, it is concluded that the statement above is True.

Learn more here: brainly.com/question/15060589

7 0
3 years ago
At $5 a bushel, there is an excess supply of wheat. is this price above or below the equilibrium price? in 2-3 sentences, explai
Nataly [62]
Its above the equilibrium price. Excess supply means they produced more than what people are demanding. So the bushel might be expensive for them and less people are buying it.
5 0
3 years ago
Read 2 more answers
You are trying to decide which of two automobiles to buy. The first is American-made, costs $3.0500 x 104, and travels 28.0 mile
siniylev [52]

Answer:

Both cars(American and European) must travel 8,060 kilo metres each during their lifetime for the total cost(purchase cost + fuel equivalent) to be equivalent

Explanation:

With regards to the above, the cost equation for both cars will be equated together.

Furthermore, we will convert gallons into litres while also converting miles into kilometers.

Since 1 gallon has 3.785 litres; 1 mile also has 1.609 kilo metre, hence milage of the first car in kilo metre per litre would be ;

Milage American made = [ 28 miles × 1.609 ] / 3.785

= 11.90 kilo meter per litres.

Cost of Gas per litre = $3 per gallon / 3.785

= 0.79 per litre

Gas cost per kilo metre(American made) = 0.79 per litre / 11.90

= 0.066 per km

Gas cost per kilo metre(European made) = 0.79 per litre / 19.0

= 0.042 per km

We can sum up the equation of first car which is American made( Purchase price + Fuel cost)

We can make a be the number of kilo metres where total cost for both cars would be equal.

Total cost = 317.2 + 0.066a

Also, the total cost equation - purchase price + fuel cost of European car is represented as;

Total cost = 510.64 + 0.042a

317.2 + 0.066a = 510.64 + 0.042a

Collect like terms

0.066a - 0.042a = 510.64 - 317.2

0.024a = 193.44

a = 8,060 kilo metres

Therefore, both cars(American and European) must travel each 8,060 kilo metres in their life time for the total costs( purchase cost + fuel cost) to be equivalent.

5 0
4 years ago
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