1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kotykmax [81]
3 years ago
10

Martin has given himself an entertainment budget of $5 per week. He has decided that each week he will spend that $5 by either a

ttending a matinee movie at his local theater or downloading five songs by one ofhis favorite artists. What is the non-monetary opportunity cost of seeing a movie this week?- Five songsOpportunity cost is:- The value of the opportunity that you give up when you choose one activity instead of another.In the circular model, only by selling resources _____ can obtain the income they need to buy the products they want to consume.- householdsA waste of resources that could have been used to produce something else occurs when:- MB < MCEconomics is the study of how individuals and societies allocate ____ resources among many competing uses.- limitedThe value of the next-best foregone alternative is the _______cost. - opportunity
Business
1 answer:
777dan777 [17]3 years ago
4 0

Answer:1.Factor services, 2 scarce resources, 3. opprtunity cost or real cost or true cost

Explanation:

Circular flow.of income: This is the system of how goods and services flow in for consumption by the households.it also shows the intrrelationship between the households and the business sector of the economy. From the diagram of the circular flow of income, the outer circle presented the flow of real services for productive agents such as land, Labour, capital and enterprise to the business sector.while the flow of goods and services are produced from the inner circle reflect the monetary aspect of what the outer circle produced.

Scarcity : This concept is used to explain how the human wants are unlimited, since human wants are unlimited so the resources to satisfy them are also limited . In order to solve the problem of scarcity, man has to make a choice by ranking his wants in their order of priority this is where we have the scale of preference.

Opportunity cost : This is the cost which described the cost of one product in terms of forgone alternatives. It is the alternative that is forgone in order to satisfy a want. For example a student who need a book that is costing $10, and a cloth that is also costing $10. If the student buys the book instead of the cloth, then the opportunity cost of his choice is the cloth that such student has forgone.

You might be interested in
Most goods in the economy are _____.(A) a natural monopolies. (B) public goods.(C) common resources. (D) private goods.
Angelina_Jolie [31]

Answer:

(D) private goods.

Explanation:

Goods is a material that, in economic theory, satisfies people's wishes and provides usefulness. Goods and services are different. In economic theory all goods are considered material, but in reality such goods as information (or information) are non-material goods. For example, although Apple is a tangible asset among other commodities, news is related to non-material class goods and can only be perceived through tools such as Computer and Printing. Material goods such as apples differ from non-material goods as information in terms of the impossibility of a person to keep the other physically, while the former occupies a certain physical area. Intangible goods differ from services in the sense that they are transferable or sold. Price elasticity also differentiates the types of goods. Elastic goods are commodities where there are major changes in quantities due to small changes in the price and, therefore, relate to the family of substitute goods; For example, consumers will prefer to buy pencils, such as pencil shields. Intangible goods are few and no substitutes, such as racing tickets, artist's original work, and medical supplies such as insulin. Complementary goods are more elastic than substitutes. It depends on which commodity is substituting or complementary to other goods.

Private goods are both excludable and rival in consumption. Most goods in the economy are private goods. A private commodity or goods is a product to be purchased for consumption and prevents the consumption of another by one person. In other words, when there is competition between people for the sake of good, good is something special or private, and consuming good prevents one from consuming it.

5 0
3 years ago
Deciding what data to collect, actually collecting the data and analyzing it, and reporting this data are all parts of structuri
Fynjy0 [20]

Answer:

The correct answer is the option A: True.

Explanation:

To begin with, the concept of <em>"Monitoring Information System"</em> in the field of business and in the techonolgy areas is refered to the type of system that is used with the main purpose of allowing the users to capture data, process and dissenimate information in a systematic way in order to improve the velocity of the time used to accomplish those tasks in the organization. Moreover, when it comes to aggregating the "project" part in the term, the system focuses in the recollection of data and its analysis and use in order to help the project to complete what it needs to.  

4 0
3 years ago
If the expected sales volume for the current period is 9,000 units, the desired ending inventory is 200 units, and the beginning
damaskus [11]

Answer:

C. 9100

Explanation:

Beginning Inventory+Sales - Ending Inventory

300+9000-200=9100

8 0
3 years ago
Assume you purchased 900 shares of XYZ common stock on margin at $90 per share from your broker. If the initial margin is 65%, t
tiny-mole [99]

Answer:

See below.

Explanation:

Amount Borrowed = Shares * Price * (1-Initial Margin)

900*90*(1-0.65) =81000*28350 = $28,350

Answer = $ 28,350 (D)

8 0
3 years ago
Read 2 more answers
How do you do 3 9/10 + 6.5
EastWind [94]
Turn the decimal in to a fraction then ding the common denominator and add don't forget to simplify
7 0
3 years ago
Other questions:
  • A law enforcement agent is in charge of getting a writing sample from an uncooperative suspect. the agent puts the suspect in a
    14·1 answer
  • Gordon Jones is considering purchasing a computer from Best Buy. He has created a scale for rating eight different computers on
    9·1 answer
  • On December 31, 2020, Vitners Company had outstanding 400,000 shares of common stock and 40,000 shares of 8% cumulative preferre
    14·1 answer
  • The Mykari Publishing House invested in buying high-end machinery that allowed its newspapers to be printed at twice the speed o
    7·1 answer
  • Bronigan’s, a maker of handheld video games, recently analyzed its manufacturing process to identify value-added and non-value-a
    5·1 answer
  • This information relates to Blossom Co..
    14·1 answer
  • The social security deduction is 6.2 percent of a person's salary up to a limit of 102k the medicare deduction ais up to 1.45 pe
    14·1 answer
  • Snap is edenyaang and insta nobagchasers
    13·2 answers
  • A document that authorizes a supplier to deliver a product or service is known as.
    13·2 answers
  • Managers use a ______ strategy to distinguish their products from those of their competitors by focusing on characteristics such
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!