What is one course of action available in every decision making process?

In economics, the cost of something is a. always measured in units of time given up to get it. b. the dollar amount of obtaining

Paha777 [63]

Answer:

The correct answer is C

Explanation:

Economies is the study of how the society uses the resources which are limited and it deals with the consumption, production as well as distribution of the goods and services.

And under the economics the cost of something like or product is defined as what the person give up in order to get something.

For example, a person wants to purchase to product, he needs to give up the money against it in order to have the product or item with him.

4 0

3 years ago

Tri-State Mill uses a special sander to finish lumber. Data on the sander and its usage follow. Cost Driver Rate Cost Driver Vol

Nadusha1986 [10]

Answer and Explanation:

The computation of the unused resource capacity in energy and repairs for Tri-State Mill. is shown below;

For energy

= $6,900 - 6,000 × $0.90

= $6,900 - $5,400

= $1,500

For repairs

= $12,000 - 600 × $16

= $12,000 - $9,600

= $2,400

Hence, the unused resource capacity in energy and repairs for Tri-State Mill. is $1,500 and $2,400 respectively

7 0

3 years ago

A hospital incurs $10 million of cost to treat Medicaid patients and receives $7 million in payment. Actual charges for these Me

Snowcat [4.5K]

<span>It would be: $3 million ($10 million in cost less $7 million in payment)</span>

6 0

3 years ago

Specify which fundamental security design principle applies to the control recommendations?

kipiarov [429]

Specifically the fundamental security design principle applies to the control recommendations of the fundamental security principle.

These principles are developed while keeping in mind the security systems and to prevent damages and flaws. and unwanted access to the system.They are designed by security agencies and homeland security.

Fundamental security has several principles that are implemented in the software which control certain recommendations in the design itself, which is easy to update and modify the security patterns and specific tasks. These works both in hardware and software applications.

To learn more about security here,

brainly.com/question/13041590

#SPJ4

3 0

2 years ago

Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base period. Seafood 2000 Qty. (lb)

Ksivusya [100]

Answer:

a) Price Relative for Halibut is 115.9 (1 d.p)

Price Relative for Lobster is 85.4 (1 d.p)

Price Relative for Tuna is 105.4 (1 d.p)

b) The Weighted Aggregate Price Index for the seafood catch is 98.4.

Explanation:

a) The Price Relative for a good refers to it's current price divided by it's base price times 100. It therefore measures a change in price across different periods.

Writing the formula as stated is,

Price Relative = Current Price / Base Price * 100

Price Relative for Halibut = 2.33/2.01 * 100

= 115.9 (1 d.p)

Price Relative for Lobster = 3.09/3.62 * 100

= 85.4 (1 d.p)

Price Relative for Tuna = 1.97/1.87 * 100

= 105.35

= 105.4 (1 d.p)

b) The Weighted Aggregate Price Index enables us to see how prices in a particular basket has changed over a period of time. It is calculated as follows,

Weighted Price Index = (Sum of Weighted Current Price ) / ( Sum of weighted Base Price) * 100

Sum of Weighted Current Price = (75,190 * 2.33) + (83,080 * 3.09) + ( 50,779 * 1.97)

= 538,124.53

Sum of Weighted Base Price = (75,190 * 2.01) + (83,080 * 3.62) + ( 50,779 * 1.87)

= 546,838.23

Weighted Price Index = (538,124.53 / 546,838.23) *100

= 98.4

The Weighted Aggregate Price Index for the seafood catch is 98.4.

6 0

3 years ago