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Olin [163]
3 years ago
9

Scarcity, opportunity cost, and marginal analysis Kyoko is training for a triathlon, a timed race that combines swimming, biking

, and running. Consider the following sentence: Kyoko has only 20 hours this week that she can devote to training. Each hour she spends swimming is an hour that she can't spend biking or running. Which basic principle of individual choice do these statements best illustrate?
a) Kyoko can use time most efficiently by spending the same amounts of time on swimming, biking, and running.
b) Kyoko has an incentive to spend more time on swimming than on biking or running
c) People face trade-offs
d) People usually exploit opportunities to make themselves better off.
Business
1 answer:
alekssr [168]3 years ago
7 0

Answer:

C

Explanation:

Trade off can be expressed in terms of opportunity cost.

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

Kyoko has limited time so she has to choose between three activities. If she chooses one sport, she would not be able to partake in the other activities. So, she is trading off biking or running for swimming.

Trade off occurs because resources are limited and wants are unlimited.

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Two or more subsystems working together to produce more than the total of what they might produce working alone is called ______
Marysya12 [62]

Two or more subsystems working together to provide greater than the full of what they might produce running alone is called Synergy.

Production is the process of combining various material inputs and immaterial inputs (plans, information) with the purpose to make something for consumption (output). it's far the act of making an output, a great or provider which has a fee and contributes to the utility of individuals.

Produce here refers to “clean fruits and vegetables”. it is the noun version of that phrase, not the verb, and so its pressure falls on the first syllable. consequently, the produce aisle is the location where such things are found.

Produce is a generalized time period for many farm-produced plants, including culmination and veggies (grains, oats, and many others. Produce is a generalized time period for a collection of farm-produced vegetation and items, such as fruits and veggies – meats, grains, oats, and many others. are also sometimes considered produce. greater especially, the term "produce" regularly implies that the products are fresh and normally inside the same country as wherein they had been harvested.

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3 0
2 years ago
An animated reconstruction of the plane crash was used in a trial as ____ illustrating the effects of extremely dangerous cross
alexandr1967 [171]
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5 0
3 years ago
Advertising Costs $ 12 comma 000 Indirect Labor 7 comma 000 ​CEO's Salary 460 comma 000 Direct Labor 54 comma 000 Indirect Mater
sineoko [7]

Answer:

$510,130

Explanation:

Costs can be classified into two categories: Product Costs and Period Costs. Product costs are the manufacturing costs that are incurred in the production of goods and services. Under absorption costing, product costs include direct materials, direct labor, indirect materials, indirect labor, and other factory overhead. These costs are capitalized and expensed out when related goods and services are sold out.

On the other hand, period costs are selling & administrative expenses. These costs are never capitalized and expensed out in the statement of profit or loss as soon as incurred. Examples of period costs are advertisement expenses, depreciation expenses (not related to factory), sales commissions, administrative salaries and wages.

<u>Calculation of Period Costs</u>

Advertising costs                                                           $12,000

CEO's salary                                                                  460,000

Delivery vehicle depreciation                                            1,230

Administrative wages and salaries                                 36,900

Total Period Costs                                                        $510,130

4 0
4 years ago
Read 2 more answers
In economic theory, demand refers to the various amounts of goods or services that consumers are willing to buy over a specified
scoray [572]

Simply said, demand is the amount of a good or service that consumers are willing and able to purchase at a specific price within a specific time frame. In an economy, people purchase commodities and services to fulfil their needs for things like food, medical care, clothing, entertainment, shelter, etc.

One of the fundamental concepts in microeconomics is the notion of demand. It seeks to address fundamental issues such as how desperately people desire goods and how pleasure and income levels affect demand (utility). Companies change the supply they offer and the pricing they charge based on how useful consumers view the commodities and services to be.

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4 0
2 years ago
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topjm [15]
<h2>Answer</h2>

The answer is Percent-of-sales.

<u>Explanation</u>

It is the most and common method to use in business due to its simplicity. An advertiser takes a percentage of either past sales and issues that percentage of the overall budget to advertising. This method typically grows out of the marketing goals and objectives of the company and play a large part especially for new business enterprises. Due to some limited resources, the budget will be established before goals and objectives or sometimes you may have to modify them.

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3 years ago
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