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navik [9.2K]
2 years ago
10

Why is it important to understand business and economics?

Business
1 answer:
artcher [175]2 years ago
7 0
Because in the future you will need to learn that especially if you want to have your own business
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For high school graduation, Ryan’s family is giving him a choice between two presents that are both worth $900. He can choose ei
yulyashka [42]

Answer: The Mexican trip with his best friends

Explanation:

Ryan cannot choose both options and thus has to make a decision of which option to take. Therefore he automatically sacrifices the other option. This type of decision is relevant and is known as a relevant cost. Relevant costs are costs that differ between alternatives, and thus influence the decision that you will make.

Opportunity cost is a type of relevant cost. This is the option that is given up / sacrificed when one option (laptop) is chosen over another (Mexican trip). In this case the opportunity cost is the Mexican trip when the laptop is chosen.

3 0
2 years ago
A dentist shares an office building with a radio station. The electrical current from the dentist's drill causes static in the r
wariber [46]

Answer:

The dentist should get a new drill and it does not matter who pays for the new drill

Explanation:

Based on the information given the economically efficient outcome is that The dentist should get a new drill and it does not matter who pays for the new drill reason been that the building is been share by both the dentist and the radio station in which the electrical current from the dentist's drill was the one who causes static in the radio broadcast making them to lose some amount of money which means the dentist should go ahead and buy a new drill in which it does not matter who pays for the drill because they both shared the building .

7 0
3 years ago
The December 31, 2009, balance sheet of Anna’s Tennis Shop, Inc., showed current assets of $2,584 and current liabilities of $1,
Igoryamba

Answer: ($203)

Explanation:

The company’s 2010 change in net working capital will be calculated thus:

Net working capital = current assets - current liabilities

For 2009, net working capital will be:

= $2,584 - $1,191

= $1393.

For 2010, net working capital will be:

= $2,644 - $1,048

= $1596

Change in net working capital will be:

= $1393 - $1596

= ($203)

6 0
2 years ago
Help plz! Will mark brainliest!!!
dimaraw [331]

Answer:

Record all transactions in a check register.

Explanation:

It's easier to track how money is spent if there is a paper trail.

5 0
2 years ago
What advice does Jessica Cervantes give to teen entrepreneurs who are just starting out? (Site 1).
Aleonysh [2.5K]

Jessica Cervantes is a renowned entrepreneur and business women who advises the new entrepreneurs who are just starting to enter this zone.

<h3>Advice of Jessica Cervantes</h3>

Jessica Cervantes says that new entrepreneurs should have faith in themselves , and this faith and believe must reflect in their products.

She also advised to use all the resources and to reach out to the other entrepreneurs seeking help and advice.

Therefore, Jessica Cervantes motivated and advised the new entrepreneurs who just entered in the field of entrepreneurship.

Learn more about Jessica Cervantes here:

brainly.com/question/9508949

7 0
2 years ago
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