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dolphi86 [110]
3 years ago
15

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

Business
1 answer:
Pepsi [2]3 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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Loretta went to a store to buy thermal underwear. The underwear had been featured in an advertisement for $24.99 a pair. She was
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Answer:

are there no answer choses maybe stress problem solving

Explanation:

3 0
3 years ago
General Forge and Foundry Company has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; to
Vlada [557]

Answer:

The answer is General Forge and Foundry Company selling and replacing its inventory 2.55 times per year on average.

Explanation:

We have:

The company cost of good sold = Sales x 65% = 100,000 x 65% = $65,000

The company inventory = Total current asset - Cash - Account Receivable = 85,000 - 38,250 - 21,250 = $25,500

=> Inventory turn over ratio = Cost of good sold / Inventory = 65,000/25,500 = 2.55 times or the company is selling and replacing its inventory 2.55 times per year.

So, the answer is 2.55 times.

4 0
3 years ago
Craig Manufacturing Company operates its three production departments within a single facility. Each department produces its own
Rus_ich [418]

Answer:

Craig Manufacturing Company operates its three production departments within a single facility. Each department produces its own products and maintains its own production equipment. Although they share a common facility, each department is overseen by a separate supervisor. Which one of the following costs is a direct cost of each department?

Production supervisor salary

Explanation:

Production supervisor salary serves as the overhead cost that is attribute to the production in the manufacturing company, it is direct cost for each department since every department has a supervisor

7 0
3 years ago
Which of the following is not a way to improve your credit?
inessss [21]

The way where the credit is not improved is that if we moving the debt around.

Information related to the credit score & creditworthiness:

  • The credit score is the mathematical expression that depends upon your creditworthiness.
  • Creditworthiness is the willingness of the lender for believing you to pay off the debts.

The credit should be improved by:

  • Having established accounts.
  • Bills are paid on time
  • Less balances.

But if the debt is moving around so this does not improve your credit.

Therefore we can conclude that the way where the credit is not improved is that if we moving the debt around.

Learn more about creditworthiness here: brainly.com/question/2254218

3 0
3 years ago
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__________ helped convince fdr to try to stop workplace discrimination by creating the fair employment practices commission.
Nataly_w [17]
<span>FDR responded to the threat of Randolph's protest by organising the Fair Employment Practices Commission. This was a wartime government agency that investigated complaints and worked to reduce workplace discrimination. Today, we have the EEOC (Equal Employment Opportunities Commission).

Short answer: The FEPC helped convince FDR.</span>
5 0
3 years ago
Read 2 more answers
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