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2 years ago

Explain how opportunity cost is different for economic goods and free goods

Business

1 answer:

Pepsi [2]2 years ago

5 0

Answer:

The difference is that free goods have exactly zero opportunity cost, because they cost nothing, their price is zero, and their use is non rival, and non excludable, meaning that if a person uses a free good, that person does not prevent any other person from using the good.

Economic goods, on the other hand, are goods that have a price, and that have a cost of production. Besides they are rival and/or exclusionary. The opportunity cost of an economic good varies depending on the good, but it is never zero.

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Which of the following situations represents financially responsible choices? Select all that apply.

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making on time payments on a debt
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In building a sustainable organization, management should strive to make the organization sustainable in three areas ? ________.

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Select the correct answer.

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What‘s the main reason our culture has normalized credit cards over the past 60 years?.

harina [27]

We have slowly increased our demand for high-value items and therefore need credit cards rather than cash because carrying around.

For illustration,$ 40k in cash on your way to buy an auto isn't the safest idea. We can change the normalization of debt in the future by tutoring in academic ways to avoid debt and tutoring the true consequences of having so important debt.

Credit is generally defined as an agreement between a lender and a borrower. Credit also refers to an existent's or business's creditworthiness or credit history. In account, a credit may either drop means or increase arrears as well as drop charges or increase profit.

credit, which is capitalist that is available for you to borrow, debt is capitalist you've formerly espoused but haven't yet paid back. Credit is simply the capability to acquire debt.

still, you're adding$ 50 in debt, If you use your credit card to make a$ 50purchase. A loan can be considered as a disbenefit balance when the loan is given out by the business while it can be considered as a credit balance when it's taken by the business. Also, read MCQs on Trial Balance.

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1 year ago

The homeowner's property tax exemption will reduce an assessed valuation of $200,000 to:____.

inessss [21]

As per the rate of the tax, the valuation of $200,000 will become $193,000.

Given Data:

Valuation Price = $200,000

To Find:

After-Tax exemption Valuation= ?

Let us consider the general interest rate of the property. It would be about 3.5% which is 0.035.

According to the normal tax of about 3.5% will become $7000 which will be exempted from the total evaluation therefore it will become $193,000.

Solution:

Tax Value in $ =$200,000 x 3.5% = $7000

here we have the $7000 which is the amount of tax paid by the homeowner.

Putting the value of the tax;

Tax after exemption of tax value = $200,000-$7000

= $193,000

So, the $193,000 is the price after the deduction of tax by the homeowner.

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