Each one is a opportunity cost because you can only pick one and you cant get the other because one is more scarce than the rest. Nothing is free you gave up the rest of the choices to pick one choice which suited your self interest best
The marginal propensity to consume tells us by how much consumption expenditure changes when disposable income changes.
<h3>What is marginal propensity?</h3>
In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it.
<h3>What is the MPC and MPS?</h3>
Key Takeaways. The marginal propensity to save (MPS) is the portion of each extra dollar of a household's income that's saved. MPC is the portion of each extra dollar of a household's income that is consumed or spent.
Learn more about marginal propensity here:
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Answer: Social engineering
Explanation:
Social engineering is simply the use of deceit in order to manipulate individuals so that they can give out personal and confidential information about themselves which will be used for fraud.
The activities involved in social engineering are phishing, scams and hoaxes aimed at getting individuals to compromise sensitive data.
Answer:
His firm's DPMO is 12,083
Explanation:
The computation of the DPMO is shown below:
= (Total complaints ÷ total number of defects opportunity) × 1 million
where,
Total complaints = Shrinkage complaints + poor quality complaints + wear off complaints + fitting issue complaints
= 22 + 16 + 12 + 8
= 58 customers defects
And, the total number of defects opportunity would be equal to
= Number of t-shirts sold × number of possible complaints
= 1,200 × 4
= 4,800
Now put these values to the above formula
So, the value would be equal to
= (58 ÷ 4,800) × 1,000,000
= 12,083
Answer: The correct answer is "A. reconciles the physical units started in a period with the physical units completed in that period.".
Explanation: The physical flow reconciliation: reconciles the physical units started in a period with the physical units completed in that period.
Through this process it is possible to control, how many units are started in a period and how many are finished in that period.