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ANTONII [103]
3 years ago
14

What is an economic and non economic activity explain me in short and give one example each​

Business
2 answers:
lord [1]3 years ago
6 0

Explanation:

Economic activities:Agriculture, fishing, mining and forestry.

Non-economic:Cultural and religious,family commitment and free time activities.

An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service.

Non-economic activities refer to a human activity undertaken sheerly out of love, affection, sympathy or patriotism. ... It includes all those activities which are performed for the satisfaction of human sentiments that can be social, religious, cultural, personal, recreational, charity, patriotic.

Sonbull [250]3 years ago
4 0

Answer:Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.

Explanation:

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Which of the following is an implicit cost in Jim's business venture?
lozanna [386]

Answer:

D) i and iii

Explanation:

Implicit cost refers to economic costs that are not directly attributed to the business but are nevertheless important in making informed decisions. In this case the opportunity costs are implicit cost. They are:

  • Salary forgone which should have been earned at another job, and
  • Interest lost from savings account.  
3 0
3 years ago
Super Grocery store allocates its service department expenses to its various operating (sales) departments. The following data i
Kruka [31]

Answer:

6,000

Explanation:

The computation of the total administrative expense allocated to the Meats department is shown below:

= (Total administrative expenses ÷ total square feet) × meat square feet

= ($15,000 ÷ 3,000) × 1,200

= 6,000

We simply do the proportion based on the meats department by dividing the total square feet

All other information which is given in the question is not considered. Hence, ignored it

8 0
3 years ago
All of the following are technical problems that the designers of MMOG must address and solve EXCEPT ____.
Katarina [22]

They are in charge of making sure the game's graphics aren't too complex for the user base.

What is game's graphics?

Throughout the history of video games, a variety of computer graphic approaches have been employed to display game content. The supremacy of specific methodologies has changed over time, mostly as a result of hardware developments and limitations such those imposed by central or graphics processing units.

Learn more about game's graphics with the help of given link:-

brainly.com/question/27112141

#SPJ4

5 0
2 years ago
Which of the following is most likely to occur as you add randomly selected stocks to your portfolio, which currently consists o
jarptica [38.1K]

Answer: b. The diversifiable risk of your portfolio will likely decline, but the expected market risk should not change.

Explanation:

Diversifiable risk is a risk that a particular security has or which can be seen in a certain sector. Market risk occurs when there's possibility that a particular investor will make loss due to certain factors which affects the entire market.

In the above scenario, the most likely to occur will be that the diversifiable risk of the portfolio will likely decline, but the expected market risk should not change.

It should be noted that diversification won't eliminate market risk. When more stocks are added, this brings about decline in diversification risk but market risk won't change.

5 0
3 years ago
The capital investment cost for a switchgrass-fueled ethanol plant with a capacity of 250,000 gallons per year is $2,000,000. Th
GenaCL600 [577]

Answer:

$2,740,251.24

Explanation:

Applying power sizing technique or an exponential model to determine the cost of new boiler.

This model identify the cost variation along with change in capacity or power of the equipment.

\frac{C_{A} }{C_{B} } =(\frac{S_{A}}{S_{B}})^{x}

Where,

Cb = Cost of new plant

Sa = capacity of new plant

Sb = capacity of old plant

x = cost capacity factor

Therefore,

\frac{C_{A}}{2,000,000} =(\frac{400,000}{250,000})^{0.67}

C_{A}=2,000,000\times\frac{400,000}{250,000}

               = 2,000,000 × 1.3701

               = $2,740,251.24

5 0
3 years ago
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