Answer:
D) i and iii
Explanation:
Implicit cost refers to economic costs that are not directly attributed to the business but are nevertheless important in making informed decisions. In this case the opportunity costs are implicit cost. They are:
- Salary forgone which should have been earned at another job, and
- Interest lost from savings account.
Consumer goods are those goods that are purchased and used by consumers. Consumer goods are not used by manufacturers to produce other goods. In essence, consumer goods are ready for use since they have been taken through the production and manufacturing. For a country to have consumer goods it must trade with other countries either to acquire raw materials or trade in consumer goods. This trade process contributes greatly towards the development of LDC economies into MDC status.
Answer:
The right response is "False advertising". A further explanation is given below.
Explanation:
- False advertising refers to just about every documented argument but rather television advertising which always benefits customers an inaccurate view as well as believing of the prospective customer.
- Regrettably, several other organizations have decided to appreciate the value of having appeared to receive just one substantial discount and perhaps another opportunity to encourage people to purchase, with really no intention of agreeing.
Answer:
The correct answer is letter "B": equilibrium, because quantity demanded equals quantity supplied so there is no tendency for price to change.
Explanation:
Equilibrium is a state in which supply and demand match. Plotted in a graph, equilibrium happens when the <em>curves of price and demand intersect</em>. Consumers are getting the number of goods they want, suppliers sell their goods, and <em>prices are becoming stable</em> at this point.
Answer:
measure production activity for the period
Explanation:
I got this right
