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Soloha48 [4]
3 years ago
10

This module considers two very important concepts in economics: Marginal Utility and Opportunity Cost. Both of these tools are m

icroeconomics in nature and, thus, can be applied to personal decision making. Microeconomics often considers the use of personal resources and these two concepts work to help measure your resource allocation. Regarding Opportunity Cost consider your decision to attend college classes. You have elected to do so which makes your time spent in courses the primary use of your resource of time. What is the opportunity cost of attending classes
Business
1 answer:
Sever21 [200]3 years ago
3 0

Answer:

The correct answer is that the opportunity cost of attending classes is doing something entirely different with that same time.

Explanation:

First of all, we understand the <em>opportunity cost</em> is an economic concept that helps us to take better decisions and that is why it is focus on what we lose in order to gain something else. That is why, the opportunity cost of attending classes is the time the person can spend in doing something else, like hanging with friends or working. Therefore that this type of cost what focus on is in the other situation that could be happening but is not due to our decision made and that represents the sacrifies made in order to obtain what the person choose.

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Janie has a joint account with her mother with a balance of $562,000. Based on $250,000 of Federal Deposit Insurance Corporation
vaieri [72.5K]

Answer:

$31,000

Explanation:

Given:

Janie holds joint account with her mother that has a balance of $562,000. They are covered up to $250,000 each under Federal Deposit Insurance Corporation.

It is assumed by FDIC that all co-owners' shares are equal.

So, Janie's share in the balance = 562,000 ÷ 2

                                                       = $281,000

Amount insured = $250,000

Uninsured amount = 281,000 - 250,000

                               = $31,000

Therefore, Janie's savings worth $31,000 will not be covered by deposit insurance.

4 0
4 years ago
As the dominant member of the channel of distribution, Coca-Cola holds a lot of power in the relationship with independent groce
irakobra [83]

Answer:

System of Administered vertical marketing

Explanation:

Vertical marketing system is the system of cooperation among the several levels of the distributed channel. In this system, the members work together in order to promote the efficiency as well as economies of scale in the direction products are promoted to the end users.

Administered Vertical Marketing System is the one of the kind of vertical marketing system, which is a system that is coordinated among the distribution channel organisation, in that the flow of products from producer to the customer is controlled through size and power of one member of the system.

So, in this case, dominant member has the power of controlling the store. Therefore, it states the example of administered vertical marketing system.

6 0
3 years ago
The Davis-Bacon Act ________. a. increases the burden of proof on employers to rebut some discrimination claims b. requires that
frez [133]

Answer:

The correct answer is b. requires that mechanics and laborers on public construction projects be paid the prevailing wage in an area.

Explanation:

The Davis-Bacon Act is a law that affects the main contractors and subcontractors that work through construction contracts with the State or political subdivisions whose amount exceeds $ 2000. This law protects construction workers such as carpenters, plumbers, power equipment operators, workers, etc. Covered workers must receive at least prevailing wage levels and supplementary benefits for similar jobs in the same location. The prevailing wage levels and benefits are determined by the Alaska Department of Labor and must be included in the contract assignment and the announced specifications.

3 0
3 years ago
Many vendors will provide a discount on supplies when they are ordered in ________.
elena55 [62]
Bundles I'm about 95% sure his is right
4 0
3 years ago
From the statements below, identify the way or ways in which making only minimum monthly payments on a long-term credit purchase
N76 [4]

If an interest-free period lasts between 12 and 14 months or longer, it is considered long-term. This is useful if you are making a major purchase and need extra time to pay it off without incurring interest.

<h3>what is the EMI process?</h3>

In the case of an EMI-based purchase or loan, the more you pay, the more times you pay.

If we make more payments or installments during the EMI process, we must pay more interest, which is a significant disadvantage of an EMI-based loan.

Similarly, if we consistently make minimal payments, our credit score would suffer as a result.

As a result, Option "D" is the correct answer.

For more information about long-term credit purchase refer to the link:

brainly.com/question/17211939

4 0
3 years ago
Read 2 more answers
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