The need to choose one goods on a comparison of marginal benefits and marginal costs always involves an opportunity cost.
<h3>What is an
opportunity cost?</h3>
This refers to a value of what is rejected in order to perform the chosen alternative.
Hence, the need to choose one goods on a comparison of marginal benefits and marginal costs always involves an opportunity cost.
Therefore, the Option D is correct.
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Answer: soft money
Explanation:
Hard money and soft money are just ways by which several kinds of currencies are being described. While hard money simply refers to coins, soft money is used to refer to the paper currencies.
Soft money can also refer to the cash that is being given to a particular political party that has no limits being attached. It is the money that interests can spend on behalf of candidates without being restricted by federal law.
The correct answer is side streets.
If you are in a hurry, it may be better to take a different route and drive through side streets in order to avoid the traffic which is usually present in the more 'popular streets.' However, side streets have a lot of traffic control lights, which may slow down your ride even more.
Answer:
B) there are many firms in the industry.
Explanation:
Firms that have no power to set price on its own are known as price takers.
An example of firms that are price takers are perfect competition.
In a perfect competition, there are many buyers and sellers of homogenous goods. Prices are set by the forces of demand and supply.
Because there are many sellers of homogenous goods, sellers cannot influence the price of their product. If they increase the price of their product, the quantity demanded would fall to zero.
I hope my answer helps you.
Exporting is the least complex of the types of global operations. This does not require any investment in the host country such as infrastructure, manpower, or facilities.
