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erma4kov [3.2K]
4 years ago
15

Opportunity costs refer to:

Business
2 answers:
Sphinxa [80]4 years ago
5 0
Forgone that’s the answer
svetoff [14.1K]4 years ago
4 0

Opportunity cost refers to the alternative forgone.

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A regional airline owns 10 aircraft and employs 20 pilots. The airline makes an average of three trips per day with each of its
marishachu [46]

Answer:

a short-run decision because the number of aircraft is held constant while the labor input is changed.

Explanation:

In the short run, at least one variable or factor of production is fixed and cannot be changed. In the long run, all factors of production can be changed.

In this case, the number of aircraft is the fixed factor of production (capital) while labor is variable because more pilots can be hired. Regulation state that pilots must rest a certain amount of time in between flights, so if you want to increase the amount of flights you need to hire more pilots and cabin crews since regulations do not require planes to rest.

6 0
3 years ago
Consider the following data that gives the quantity produced and unit price for three different goods across two different years
elena-14-01-66 [18.8K]

Answer:

$5,400

Explanation:

The computation of real gross domestic product is shown below:-

Goods     Price base year   Quantity current year   Expenditure

                    2012                      2013

A                    $2.00                  600                             $1,200

                                                                               ($2.00 × 600)

B                    $4.00                  900                             $3,600

                                                                               ($4.00 × 900)

C                    $2.00                  300                              $600

                                                                               ($2.00 × 300)

Real Gross domestic product                                     $5,400

Therefore, Real GDP is the sum value of all the final goods and services generated by an economy in a given year, which accounts for inflation. The estimate is based on the prices of a selected base year.

3 0
3 years ago
Consumers usually buy a(n) _____ only after comparing several brands or stores on style, practicality, price, and lifestyle comp
IgorC [24]

Consumers usually buy a shopping product only after comparing several brands or stores on style, practicality, price, and lifestyle compatibility

<h3>Who are consumers?</h3>

Consumer are individual or group of people who are willing to pay for a particular products or services they need.

Consumer often go around to compare prices and custom relations after which they decide who to buy from.

Therefore, Consumers usually buy a shopping product only after comparing several brands or stores on style, practicality, price, and lifestyle compatibility

Learn more on consumer below,

brainly.com/question/380037

#SPJ12

8 0
2 years ago
Studying a project’s potential opportunities is part of what area of management?a. Riskb. Scopec. Costd. Integration
iogann1982 [59]

Answer:

b. Scope

Explanation:

The scope of a project studies the features of a project. It looks at the opportunities of the project

3 0
3 years ago
Explain how much activity can affect the carbon cycle.
Oduvanchick [21]

Human activity can affect the carbon cycle by capturing carbon dioxide and storing it underground rather than permitting it to be released into the atmosphere.

7 0
3 years ago
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