1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
muminat
3 years ago
12

Brazil spent billions of dollars to host the Soccer World Cup and the Summer Olympics. The opportunity cost of hosting these eve

nts is​
A. ​ the opportunity to host these events in the future.
B. ​ the monetary cost expressed in reals (Brazilian currency).
C. increased taxes to pay for the events.
D. ​ the next best alternative bundle of goods and services that could be provided.
Business
1 answer:
saw5 [17]3 years ago
8 0

Answer:

the next best alternative bundle of goods and services that could be provided.

Explanation:

Opportunity cost can be described as the cost of what was given up in order to carry out a particular activity. It is the next best alternative bundle of goods and services that could be provided. It is also known as implicit cost and it is used in calculating economic profit.

Economic profit = Accounting profit - Opportunity cost

The monetary cost expressed in reals (Brazilian currency) is the explicit cost.

Explicit cost is the actual cost incurred in carrying out an activity.

Accounting profit = Total revenue - Explicit cost

I hope my answer helps you

You might be interested in
2.<br>What is the effect on the market when suppliers under invest in their businesses?​
Ghella [55]

Answer:

the profit margin will decrease and supplies won't get their promotin

3 0
2 years ago
Consider a competitive market with a large number of identical firms. The firms in this market do not use any resources that are
lozanna [386]

Answer:

a. increase price in the short run but not in the long run.

Explanation:

The firms don't use resources that are available in limited quantities. So, as firm output increases, they can use resources in higher quantity but at the same price.

Therefore, as quantity demanded increases, the firms can supply higher quantity without any increase in resource cost. So, price  increase in short run but not in the long term.

4 0
3 years ago
Because supply curves slope upward, this supports the law of supply that as prices __________, more goods will be supplied.
antoniya [11.8K]

Answer: increase

Explanation:

The supply curves slope upward due to the fact that there's a direct relationship between the price of the good and the quantity that's supplied.

This means that when price increase let's say the price of a good moves from $5 to $7, the suppliers will supply more due to the price increase.

3 0
3 years ago
A ____ is a graph of decisions and their possible consequences.
Free_Kalibri [48]

decision tree

Explanation :

A decision tree is a graph of decisions and their possible consequences; it is used to create a plan to reach a goal. Decision trees are used to aid in making decisions.

6 0
3 years ago
On January 1, 2015, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a sal
anzhelika [568]

Answer:

1    

Dr Fixed asset equipment_________$10000    

Cr Cash_______________________________$10000    

purchased equipment    

   

2    

Dr Depreciation expense____________$1800    

Cr  Acummulate Depreciation_______________$1800    

Anual depreciation    

Explanation:

1    

Dr Fixed asset equipment_________$10000    

Cr Cash_______________________________$10000    

purchased equipment    

   

2    

Dr Depreciation expense____________$1800    

Cr  Acummulate Depreciation_______________$1800    

Anual depreciation    

5 0
3 years ago
Other questions:
  • Last year, T-bills returned 1.8 percent while your investment in large-company stocks earned an average of 5.8 percent. Which on
    13·1 answer
  • What is consideration​
    8·1 answer
  • Opportunities and advancements in the technological environment during the past 20 years have opened the doors for a number of p
    15·1 answer
  • What are the necessary capital investments for starting a free-range poultry farm?
    12·1 answer
  • If something could pose a danger, this could be
    10·1 answer
  • Leroy works 40 hours per week as a tire-store manager. If he made $25,480
    10·1 answer
  • Feature of deligation of authority​
    10·1 answer
  • Your merchant fee is 3%. Your
    15·1 answer
  • Chris is about to give a speech on social media marketing to a room of professional marketers. How can he enhance his credibilit
    12·1 answer
  • Describe the three steps in qualitative data analysis and explain how and why these steps are iterative.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!