The opportunity cost to a consumer who smokes cigarettes is the:

Business

1 answer:

andreyandreev [35.5K]3 years ago

6 0

Answer: d. Products the consumer could have bought instead of cigarettes.

Opportunity cost refers to the loss benefits from the choices a person would have made if he or she had not made a particular choice.

Opportunity cost is also known as alternate cost.

In this question, had the consumer would have spent on other products if he had not bought cigarettes. Hence these products represent the opportunity cost of cigarettes.

You might be interested in

Suppose the central bank in your country has stability of the GDP growth rate as its primary goal. Faced with a choice of having

kondaur [170]

Answer:

a committee of equally well-qualified people with a wide range of views

Explanation:

The central function of the central bank's monetary policy is to keep inflation under control. If this happens, it is possible that the Central Bank will use monetary policy in a second moment to stimulate economic activity and GDP. In this context, I would strongly recommend that the monetary policy decision be taken by a technical collegiate with different perspectives. This choice is justified by the great importance of monetary policy for the financial system and consequently for society as a whole, since if an inappropriate monetary policy is adopted, the consequences can be severe, such as inflationary processes and exchange rate volatility.

7 0

3 years ago

Organization development is a systemwide application of ________ knowledge to develop, improve, and reinforce the strategies, st

soldi70 [24.7K]

Answer:

behavioral science

Explanation:

Every organization is made up of people, and people exhibit distinct or similar behavior.

Behavioral science is a discipline that understands the reasons why people behave the way they do.

Therefore, for an organization to be effective it will we apply behavioral science knowledge to develop and improve its processes in the organization.

4 0

3 years ago

Creative task performance involves employee responses to task demands that are novel, unusual, or, at the very least, unpredicta

VladimirAG [237]

Answer:

False

Explanation:

Creative task performance represents the degree or extent to to which persons or employees come up with original, new and usual responses to task demands. That part of the question is true.

However, the false part is the unpredictability aspect because adaptive task performance is the type of performance which is also unusual, new and original but is at the very least unpredictable.

The question therefore combined the features of both creative and adaptive task performances. Therefore, the answer is false

8 0

3 years ago

Air bags are designed to __________. A. cushion impact in a collision B. work without passengers having to buckle up C. deploy a

goblinko [34]

All airbags deploy. That's what I think anyway.

6 0

3 years ago

Read 2 more answers

CASE STUDYBUSINESS LAWAnderson Darragh, a real estate agent for RE/MAX, informed Bryan Thomas, a real estate developer, that he

Doss [256]

Based on legalities, Thomas has the right to refuse payment of the 8% commission to RE/MAX because he already stated his refusal during the meeting with Darragh nor did he sign the document that Darragh gave him during the meeting. Thus, there was no meeting of minds.

Darragh is entitled to be given a reimbursement for his expenses incurred in securing documents that he willingly gave to Thomas. He can also ask Thomas for a recompensation for his labors but it will be according to Thomas's discretion.

Darragh can't claim that he worked on implied consent from Thomas because Thomas specifically stated his refusal in paying for the 8% commission during their meeting but Darragh did not stop to renegotiate the commission nor convince Thomas to accept the contract.

6 0

3 years ago