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4 years ago

An example to explain the difference between trade‐offs and opportunity costs.

Business

1 answer:

Dmitry [639]4 years ago

6 0

Answer:

Trade off can be defined as when we select on options among two or more than two options, then selecting that option will prohibits the advantages

associated with other options which we have left. For example: when you go for earning 5 mile away from your home, then certainly, you have put effort and become tired as well but you will get the money after work, so you have done trade-off there.

Opportunity cost can be termed as the cost which you bear by not enjoying and taking the benefits associated with the best available option which you leave while in the selection process. For example: you spend time watching a fantastic movie but you can't read a good story book while staying cozy at home, eating a pizza, or you can't spend the same money on something else.

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A price searcher a. faces a horizontal demand curve. b. is a seller that searches for the best location to sell its product. c.

Mazyrski [523]

Answer: The correct answer is "c. is a seller that has the ability to control to some degree the price of the product it sells.".

Explanation: A price searcher is a seller that has the ability to control to some degree the price of the product it sells.

5 0

3 years ago

When is the acquisition of personal debt economically wise?

-Dominant- [34]

The time when it's smrt for a person to acquire personal debt; or nott rather smart but a viable way of increasing useful capital, would be when one is investing in himself. An example of this would be education for example, where students take out student loans to continue university education.

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4 years ago

Read 2 more answers

Batista Company management wants to maintain a minimum monthly cash balance of $19,900. At the beginning of April, the cash bala

9966 [12]

Answer:

the amount must be borrowed is $8,900

Explanation:

The computation of the amount must be borrowed is shown below:

Opening cash balance $19,900

Add: cash receipts $244,400

Less: cash disbursements -$253,300

Cash balance after disbursements $11,000

Minimum monthly cash balance $19,900

Amount to be borrowed $8,900

hence, the amount must be borrowed is $8,900

4 0

3 years ago

Ford Motors developed the Explorer sports utility vehicle, the number 1 selling sports utility vehicle in the United States, bas

Tems11 [23]

Answer:

B. Marketing and sales

Explanation:

Based on the information provided within the question it can be said that the studies conducted were part of the marketing and sales value chain activity. This is the department within a company that focuses on analysis of customer wants/preferences and needs, in order to hopefully increase sales with the information gathered.

6 0

3 years ago

As of January 1 of the current year, the Joyner Company had accounts receivables of $50,000. The sales for January, February, an

liq [111]

Answer:

Total cash collections in February are $133600

Explanation:

The collections in the month of February will include 20% of sales made in February in account for cash sales.

Cash sales = 140000 * 0.2 = $28000

Thus, Credit sales for February are = 140000 - 28000 = $112000

Out of these credit sales made in February, 60% will be collected in February. Thus, credit sales made in February that will be collected in February are,

February collections from February credit sales = 112000 * 0.6 = $67200

Total cash collections in February from February sales = 67200 + 28000

Total cash collections in February from February sales = $95200

In addition, out of the credit sales made in January, 40% will be collected in February.

Collection from January sales in February = 120000 * 0.8 * 0.4 = $38400

Total collections in February = 38400 + 95200 = $133600

7 0

3 years ago