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Stella [2.4K]
4 years ago
6

A test is scheduled for Monday morning, but you went to a party on Saturday night. If you hadn't attended the party, you could h

ave studied for the test or gone to a movie. Which of the following sentences is true?
a. The opportunity cost of going to the movie is studying for the test.
b. The opportunity cost of going to the party is the movie.
c. The opportunity cost of going to the party is both the movie and the study time.
d. Because you could go to the party only that night but could go to a movie any time, the opportunity cost of the party is the study time.
e. From the above information it's not possible to determine the opportunity cost of attending the party.
Business
1 answer:
Neporo4naja [7]4 years ago
6 0

Answer:

C) The opportunity cost of going to the party is both the movie and the study time.

Explanation:

Opportunity costs are the costs (or lost benefits) from choosing one alternative activity or investment over another.

In this case, if you decide to go to the party on Saturday night, you will not be able to go to the movies and you will not be able to study for your exam.

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Start by analyzing how you're spending the day by logging your activities and eliminating time wasters. Then, organize everything around you and then prioritize your tasks and get the main things done without multitasking. Duncan also suggests systemizing all of your repetitive tasks.

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7 0
3 years ago
True or false. Unintended market conditions, including black markets and shortages, can occur through the price restraint of a p
lana66690 [7]

Answer:

false

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Price floor set above the market-clearing price is non binding

Effects of a binding price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product. This increases consumer surplus

6 0
3 years ago
Although a major advantage of the corporate form of entity is the liability protection for its principals, there are some cases
Triss [41]

Answer:

A) This is called piercing the corporate veil and may result in significant liability for the corporation's principals.

Explanation:

The phrase "Piercing the corporate veil" is used to describe a situation where a court will put aside limited liability and hold a corporation's shareholders or directors liable for the actions and liabilities of the corporation.

This is not a common procedure and courts usually do this based on the following:

  1. "unity of interest and ownership": interest of the shareholders doesn't stand together anymore.
  2. "wrongful conduct": illegal or wrongful actions by the directors or shareholders.
  3. "proximate cause": as a result of the illegal or wrongful actions, other parties were harmed.

6 0
3 years ago
Piper, a US citizen owns 100% of the stock of FORco, a foreign manufacturing and sales subsidiary. In 2020, FORco had $10 millio
ss7ja [257]

Answer:

$70000

Explanation:

We have been give in this question that a 100 percent of FORcos share belongs to piper. He owns a 100 percent fully. Piper has to include that which he deposited. 7 million dollars of 2 percent

= 7million dollars x 1 percent

= 7000000 x 0.01

= $70000

So piper has to include in gross income her share of FORcos f income for investment in united states property and this has been calculated as 70000

5 0
3 years ago
How does a proportional taxation system work?
miss Akunina [59]

Answer:

D. It makes all citizens pay the same percentage of their income in

taxes.

Explanation:

A proportional tax system imposes the same tax rate for all individuals regardless of the level of income. For example, if the tax rate is set at 5%, all taxpayers will be taxed at that rate. A person earning $10,000 will pay $500 (5% of 10,000) while the one earning $100,000 ( 5% of 5000)will pay $5,000.

A proportion tax system is also known as the Flat rate system. It is easy to compute and implement. The propositional tax system may appear to be fair because it treats all taxpayers equally and encourages people to earn more. However, it places a heavy tax burden on low-income earners.

5 0
3 years ago
Read 2 more answers
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