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mixer [17]
3 years ago
11

If Japan uses a certain amount of resources to produced cars, then it cannot use these sames resources to produce corn. The fore

gone corn production as a result of this resource allocation is ____________
Business
1 answer:
harina [27]3 years ago
4 0

Answer:

The opportunity cost of producing cars

Explanation:

In business , every action and decision comes with opportunity cost as resources for production will always have alternative usage. Therefore , opportunity cost of a decision is defined as the alternative forgone in arriving at a chosen decision. That is , the related  benefits of an option sacrificed to produce another item.

Looking at the given scenario , Japan was confronted with using the   available resources to produce either cars or corns , but finally decided to produce cars at the expense of corn, With this decision , every benefit related to the production of corn has to be forgone for the production of cars, therefore, the  opportunity cost of the decision to produce cars is the forgone production of corn.

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valentina_108 [34]

Answer:

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Explanation:

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5 0
2 years ago
Read 2 more answers
A study finds that the noise from airplanes is harmful; hence, the government imposes a $20 tax on the sale of every airplane. T
allochka39001 [22]

Answer:

Decrease

$200

$190

$180

Explanation:

The question isn't complete. Here is the full question:

A study finds that the noise from airplanes is harmful; hence, the government imposes a $20 tax on the sale of every airplane. This amount accurately accounts for the external cost of the noise pollution. Before the corrective tax, airplane tickets regularly sold for $190. After the tax is in place, the market price for airplane tickets rises to $200.

The quantity of airplane tickets sold will

The socially optimal price of airplane tickets is

The private market price is

A firm selling airplane tickets receives after it pays the tax

The noise from the airplanes constitute negative externality.

Tax levied on negative externality is known as pigouvian tax.

As a result of the tax, the price of tickets increases and this would reduce the quantity of tickets demanded for according to the law of demand. According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

The social optimal price is the price of the ticket after the tax accounting for the externality has been added to price. The social optimal price is $200.

The private market price is the price before the taxes: $190.

The amount received by firms = $200 - $20 = $180

I hope my answer helps you

8 0
3 years ago
Houpe Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sell
jarptica [38.1K]

Answer:

Effect on income= -$2,100

Explanation:

Giving the following information:

Contribution margin $ 98

Increase in variable cost= $5

Increase in sales= 300 units

<u>To determine the effect on income, we need to use the following formula:</u>

Effect on income= increase in contribution margin for new sales - increase in variable costs

Effect on income= 300*93 - 6,000*5

Effect on income= -$2,100

3 0
2 years ago
In which business stage do you decide wether a business opportunity is a god fit for you personally
Kaylis [27]

Identify.

In the identify stage, you will determine if the opportunity fits your skills, interests, and goals.

4 0
3 years ago
How do I become a business man?​
rjkz [21]

It depends. Do you want to start a business? If so, it costs alot of money. First you need to decide what you want you business to be, then you have to build a corporation and hire workers.

8 0
3 years ago
Read 2 more answers
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