In making the best economic choices, consumers compare the benefits of the choice to the cost of the choice.
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How to make the best economic choices?</h3>
In making the best economic choices, the costs of the choice should be compared with the benefits of the choice. The choice should only be made when the benefits of making the choice exceeds the cost of the choice.
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Answer:
Budgeted selling and administrative expense= $38,600
Explanation:
Giving the following information:
Variable expenses are expected to be $13,400 in the first quarter, and $3,900 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $21,300 in each quarter.
We need to determine the budgeted selling and administrative expense for the second quarter:
Budgeted selling and administrative expense= (13,400 + 3,900) + 21,300
Budgeted selling and administrative expense= $38,600
Answer:
Yes, it is worth $4 to insure a Personal Digital Assistant
Explanation:
Eery action has its benefits and disadvantage. The benefits of sending your cousins a Personal Digital Assistant mail is of great benefit to him. Therefore, if the chances of losing it to damage or lost is two percent, whereas with four percent, the damage or lost is covered and insured. Then the later becomes inevitable.
Evaluating it further it is better to lose additional charges for a set purpose, than to lose its capita l values .
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
An oligopoly can cause market failure because companies that form the oligopoly do not allow other companies to enter and compete in the market. This action limits consumers to choose from a variety of options, including quality, the best price, and service.
Often, oligopoly associates the strongest or more powerful companies in order to wipe out other minor competitors. They want to establish a dominant presence that affects prices and consumers participation.
Oligopoly practices result in inefficiency and instability in the market. That is why oligopolies are not good for the economy.
The automobile industry is mostly associated with an oligopoly.
When a market is controlled by just a few numbers of companies, but none of them is above the others, we are talking about an oligopoly. They can collude intentionally or not, to establish prizes and to not let other companies compete with them.
