Answer:
Juanita should purchase the skirt at the store across town because the total economic cost will be lowest.
Explanation:
three options:
- local store 15 minutes away and a price of $103
- across town 30 minutes away and a price of $89
- neighboring city 1 hour away and a price of $63
Juanita makes $16 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:
total economic cost:
- local store = $103 + [1/4 hours x 2 (round trip) x $16] = $111
- across town = $89 + [1/2 hours x 2 (round trip) x $16] = $105
- neighboring city = $63 + [1 hour x 2 (round trip) x $16] = $95
Juanita should purchase the skirt at the store across town because the total economic cost will be lowest ($105)
Opportunity costs are the benefits lost or extra costs incurred for choosing one activity or investment over another alternative. Economic costs include both accounting costs and opportunity costs.
A <u>competitive advantage </u>must provide the new business with the opportunity to make money in excess of the competition.
<h3>What is competitve advantage?</h3>
Competitive advantage refers to the factors that allow a company to produce goods or services better or at a lower cost than its competitors. These factors allow the production unit to generate more revenue or higher profit margins than its competitors in the market. Competitive advantage is due to many factors including cost structure, brand image, product quality provided, distribution network, intellectual property and customer service.
Competitive advantage is what makes an entity's products or services more attractive to customers than any other competitor.
Competitive advantage can be divided into comparative advantage and differential advantage.
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Answer:
Follows are the solution to this question:
Explanation:
Follows are the two ways of describing its high return:
Firstly, the mutual fund is invested in pretty unstable debt and is reciprocating with greater yields for taking a risk.
Secondly, during every decrease in bond yields, the finance kept bonds so the income on stocks exceeded this same rate of interest significantly. Remember that bond costs skyrocket as interest rates drop as well as give the purchaser an investment income. Because once interest rates are now close to zero, it's also likely that they could increase as well as the owners would then lose their money. Its high return could be due to a drop in interest rates, and not only will it not be replicated, but the low or even low return will almost definitely be followed by either a rise in interest rates.
The correct answer is - Human Resource Management.
The responsibility of hiring and managing the human resources of the company is taken care of by the Human Resource department.
Human Resource Management
- It is one of the crucial parts of any company that helps in the management of the human resource that benefits the organisation.
- It helps in staffing function. It recruits the human resource and then manages the existing human resource of the company.
- It helps in providing orientation, basic training, takes care of remuneration and organisational policies.
- It takes care of the training and development of the employees and also the disciplinary actions.
- Besides all these, it also manages the grievances of the employees and resolve them.
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Answer:
Letter B is correct.<u> Markets clear in the long run.</u>
Explanation:
The correct alternative is the letter B, since a market clearing price can be defined as the equilibrium price, which is characterized by the price of a good or service whose quantity offered is the same quantity demanded.
Therefore, when there is a situation in which the sale price is higher than the market clearing price, the supply will be greater than the demand, which will create a stock of surpluses that will accumulate in the long run.
