Answer:
The basic difference between a good and a service is that a good is tangible while a service is intangible.
Explanation
Check the table attached to find an outline of the basic differences between a good and a service.
Answer:
Answer is option C.
Explanation:
Under ERISA legislation, there is no restrictions on the trading options of different retirement plans. However, in many cases before any of these wish to get engaged in option trade, they are required to adopt to the policy mentioned in the plan. It is common with the index option that engages in large pension plans to follow the mentioned policy.
Answer:
D. A small number of firms in the market
Her opportunity cost is what she could have earned in that occupation instead of doing her own accounting work.
<h3><u>
Explanation:</u></h3>
Opportunity cost refers to the loss of any gain that can be attained from the alternatives that are available, when one alternative is chosen by a person. For instance consider that a person has decided to go for a movie during his free time. The cost she spent for the movie can be spent to the things that can be more useful. For example investing in something which is the opportunity cost here.
The opportunity cost is also called as economic cost. It can be calculated by measuring the amount that the time of the owner to be obtained from the next best usage. For instance the owner can consider doing accounting work to some other firm than doing for his own firm. Thus he opportunity cost would be the amount that she can earn from the other firm than doing accounting work for her own company.
Answer:
That two projects are not mutually exclusive means the firm can implement both projects. They should run both because they both have returns exceeding the cost of capital.
Explanation: