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:
- $ 138,000
Explanation:
The investment activities includes the transaction done on purchasing the equipment and selling the land.
Thus, for the given question
The list of investment activities:
Purchase of Equipment = - $ 149,000
Proceeds from Sales = $ 130,000
Purchase of Land = - $ 119,000
here, the negative sign depicts the amount is paid
thus, the net cash flow from the investment activities
= - $ 149,000 + $ 130,000 + (- $ 119,000)
or
the net cash flow from the investment activities = - $ 138,000
Answer:
Bellisima's opportunity cost to produce 1 bushel of corn = 2 pairs of jeans
Explanation:
Bellisima uses 1 million hours of labor to produce corn and 3 million hours of labor to produce jeans. Produces 8 million bushels of corn and 48 million pairs of jeans.
- Production of corn per million hours of labor = 8 / 1 = 8 bushels of corn
- Production of jeans per million hours of labor = 48 / 3 = 16 pairs of jeans
Felicidad uses 3 million hours of labor to produce corn and 1 million hours of labor to produce jeans. Produces 15 million bushels of corn and 20 million pairs of jeans.
- Production of corn per million hours of labor = 15 / 3 = 5 bushels of corn
- Production of jeans per million hours of labor = 20 / 1 = 20 pairs of jeans
The opportunity cost refers to the extra costs or benefits lost form choosing one activity or investment over another alternative.
- Bellisima's opportunity cost to produce 1 bushel of corn = 16 pairs of jeans / 8 bushels of corn = 2 pairs of jean per bushel of corn.
- Bellisima's opportunity cost to produce 1 pair of jeans = 8 bushels of corn / 16 pairs of jeans = 0.5 bushels of corn per pair of jean.
- Felicidad's opportunity cost to produce 1 bushel of corn = 20 pairs of jeans / 5 bushels of corn = 4 pairs of jean per bushel of corn.
- Felicidad's opportunity cost to produce 1 pair of jeans = 5 bushels of corn / 20 pairs of jeans = 0.25 bushels of corn per pair of jean.
Answer:
You should focus on clicks.
Explanation:
Pay per click (ppc) advertising is all about getting the most out of your budget. Many companies often just throw lots of money at their keywords in the hope of making a return. Before we look at specific bidding strategies, it’s important to understand what you are trying to achieve from PPC advertising.
Their automatic cost per click option gives Google control over your bids and optimises them for you automatically. Based on your daily campaign budget, Google will increase or decrease your bids in order to get the most clicks. This is ideal for both beginners and advanced users as it allows Google to utilise its own data to set the maximum cost per click.
