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3 years ago

What type of cost involves an evaluation of comparative advantage and disadvantages

Business

1 answer:

vlabodo [156]3 years ago

7 0

Answer:

It is the "opportunity cost."

Explanation:

The "opportunity cost" is considered to be the cost that a person incurs in relation to the benefits of the other option that he didn't choose. When it comes to comparative advantage, this cost is naturally present. Comparative advantage refers to the ability that a person or a business is able to produce a good more efficiently compared to another activity he didn't choose. The opportunity cost plays a vital role here.

When a person/company evaluates the advantages and disadvantages of two options (for example), they will try to weigh these things. If the advantages of one option outweighs the other, the person/company will choose this because it is more efficient. The" opportunity cost" here refers to the cost that they incurred relating to the enjoyment benefits from the other option, as they haven't chosen it.

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Complete the following sentence: If people think that the price of televisions will decrease in the near future, that belief may

Artemon [7]

Answer:

b. decrease in the demand for televisions today.

Explanation:

Since it is generally believed that, consumers buy more quantity of a particular commodity or product when the price of such commodity is lower and that they buy less, when the price is higher, which is a simple illustration of the law of demand.

Therefore, if people think that the price of televisions will decrease in the near future, that belief may cause a "decrease in the demand for televisions today."

6 0

3 years ago

Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000. They agree to sala

11111nata11111 [884]

Answer: $20,000

Explanation:

Given that,

Singer's original capital = $40,000

McMann's original capital = $60,000

Singer's salary = $12,000

McMann's salary = $18,000

Interest on original capital = 10%

Profit sharing ratio = 3:2

Income of the year = $30,000

McMann's share of the income:

Salary = $18,000

Interest = $6,000

Singer's share of the income:

Salary = $12,000

Interest = $4,000

Therefore,

Remainder = $30,000 - $40,000

= -$10,000

Hence, remainder will be divided among these two partners in 3:2 ratio.

So,

McMann's share of remainder = $\frac{2}{5}\times10,000$

= -$4,000

Therefore, McMann's share of the income:

= Salary + Interest + remainder

= $18,000 + $6,000 + (-$4,000)

= $20,000

3 0

3 years ago

Mark and Rasheed are at the bookstore buying new calculators for the semester. Mark is willing to pay $75 and Rasheed is willing

Romashka [77]

Answer:

Mark's individual consumer surplus is $10.

Explanation:

Mark and Rasheed are at the bookstore buying new calculators for the semester.

Mark is willing to pay $75 and Rasheed is willing to pay $100 for a graphing calculator.

The price for a calculator at the bookstore is $65.

The consumer surplus is the difference between the maximum price that a consumer is willing to pay and the price he actually has to pay.

Mark's individual consumer surplus

= Price mark was willing to pay - Price he actually has to pay

= $75 - $65

= $10

4 0

3 years ago

The impact of globalization on human resource planning

LUCKY_DIMON [66]

Answer:

The answer is below

Explanation:

The impact of globalization on human resource planning is both positive and negative depending on the point of view it is being looked upon.

Some of which are:

1. Globalization has led to firms and organizations to recruit from far and wide, across nations if needed.

2. It has reduced the cost of traveling and goods and services deliveries

3. It has led to increasing firms reducing the cost of maintaining staff as individual contractors have increased due to the opportunity of remote jobs caused by globalization.

4. The human resources planning has been impacted by globalization such that, many staff has been retrenched.

5. Globalization has also caused brain drain to developing nations in terms of human resource planning.

4 0

3 years ago

Authors<br> d. p. rosenbaum and g. ganson concluded that the<br> d.a.r.e. program _________.

Pani-rosa [81]

Drug Abuse Resistance Education (D.A.R.E.) is a police officer-led arrangement of classroom exercises that shows kids (normally in rudimentary or center school) how to remain tranquilize free and oppose peer weight.

According to Rosenbaum and Hanson (1998), D.A.R.E has no critical in general effect on utilizing cigarettes or liquor

They concluded that, Given the tremendous uses in time and cash required with D.A.R.E., no doubt proceeded with endeavors should center around different systems and projects that may deliver more significant impacts.

5 0

4 years ago