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Serhud [2]
3 years ago
6

Debbie, a popular wedding photographer, is able to photograph a wedding every Saturday of the year. She charges couples $4,000 f

or a complete set of photographs that cost her $2,200 to print and develop. Suppose that on one Saturday Debbie photographs her niece's wedding without charge, but her niece insists on paying Debbie $2,200 to cover her printing and developing costs. What is Debbie's economic cost of photographing her niece's wedding?
a. $4,000
b. $2,200
c. $1,800
d. $0
Business
1 answer:
rosijanka [135]3 years ago
6 0

Answer:

c. $1,800

Explanation:

Economic cost calculates what is gained or lost when a particular activity is chosen over another activity.

It incorporates the opportunity cost of taking a particular activity into its calculation of cost.

The economic cost of Debbie taking the picture of her niece is :

$4000 - $2200 = $1800

I hope my answer helps you

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8 0
3 years ago
which of the following statements is correct regarding the concept of branding? brands cannot be built through advertising, publ
LuckyWell [14K]

<u>A brand can be one of a company's most </u><u>valuable </u><u>assets</u>, this is the correct statements regarding the concept of branding.

What is branding?
A brand is any characteristic that sets one seller's good or service apart from that of other sellers. It can be a name, a term, a design, a symbol, or anything else. Businesses, marketers, and advertisers use brands to build and preserve brand equity for the product or service they are promoting, which benefits the brand's consumers, owners, and shareholders. Sometimes generic or store brands can be distinguished from brand names. It is believed that the ancient Egyptians, who are known to be have engaged in livestock branding as slightly earlier as 2,700 BCE, are the originators of the practise of branding, which is defined in its original literal sense as marking by burning. By using a hot branding iron to burn a distinctive symbol into the animal's skin, branding was used to distinguish one person's cattle from another.

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5 0
1 year ago
During the 2008 financial crisis velocity decreased. This means that the rate at which money changed hands
marysya [2.9K]

Answer:

The correct answer is: A

Explanation:

The velocity of money is a measurement of the rate at which money is exchanged in an economy. It is the number of times that money moves from one entity to another. The velocity of money is important for measuring the rate at which money in circulation is being used for purchasing goods and services.

Economies that exhibit a higher velocity of money relative to others tend to be more developed. The velocity of money is also known to fluctuate with business cycles.

Velocity of money formula:

Velocity of Money = GDP / Money Supply

According to the<em> </em><em>quantity theory of mone</em><em>y</em>, inflation occurs because there is too much money available to buy the same amount of goods and services produced in the economy. It relates the general price level, the total goods and services produced in a given period, the total money supply and the speed (velocity) at which money circulates in the economy in the following equation:

MV = PQ

M stands for money.

V stands for the velocity of money (or the rate at which people spend money).

P stands for the general price level.

Q stands for the quantity of goods and services produced.

If for some reason the money velocity declines rapidly, it can offset the increase in money supply and even lead to deflation instead of inflation.

When more transactions are being made throughout the economy, velocity increases and the economy is likely to expand. <u>The opposite is also true: Money velocity decreases when fewer transactions are being made; therefore the economy is likely to shrink.</u>

7 0
3 years ago
when comparing two alternative concepts to provide needed warfighting capabilities you discover that the life cycle cost of both
Kipish [7]

Answer:

Alternative 1

Explanation:

We will choose the alternative one because it takes only five years to demonstrate the draft capability development document, and it uses advanced technology demonstrations. On the other hand, we can not choose alternative two because it will take three more years from alternative one to demonstrate the draft CDD.

7 0
3 years ago
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frutty [35]

Answer:

The answers are:

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Explanation:

Personally I consider a very good idea if the Board of Governors decides to hire planning specialists to help regional or local managers develop their own plans. There are several advantages with this approach:

Regional managers know their "markets" and how to act and deal with them. I guess most of the Board of Governors is made up of wealthy or very important members, and many times their reality is very different than that of normal regular people.

Also, if regional managers can come up with their own plans, they will be extremely motivated to follow them through. They know that if something goes wrong, all the fingers will blame them.

5 0
3 years ago
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