Answer:
Studying his biology test
Explanation:
opportunity cost refers to the cost of the forgone alternative inorder to enjoy another service
Answer:
The contract is void since it attempts to contract for services that are illegal
Explanation:
Since there is a contract between the Mr Green and Mr Blue and they already know that the Mr blue has already caught the number of crabs i.e permitted in the season but they agree to exceed the quota
Therefore the status should be void as they want to exceed which is not permitted that results in illegal service contracts
Hence, there is a void contract
Answer:
A- A change in the technology used by firms.
Explanation:
A change in technology can affect the demand of products and services. It can lead to the increased demand for a certain product, reducing the demand for an older product.
With the use of technology to upgrade products and services, demand curves will continually shift, according to preferences of customers.
Technology could be used by firms to produce upgrades and newer variations of products at more favorable prices for customers than existing products. This leads to competition and the demand for the newer device goes up since people see the new product as 'getting more for less'. A good example is computers and tablets. Tablets which could match up with the work of computers were produced at lower prices. This shifted the demand towards tablets, making computers more obsolete.
Stick to the regular risk and not the new one
