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galina1969 [7]
3 years ago
9

Suppose that the demand for picture frames is highly inelastic, and the supply of picture frames is highly elastic. A tax of $1

per frame levied on picture frames will increase the price paid by buyers of picture frames by a. $0.50. b. between $0.50 and $1. c. $1. d. less than $0.50.
Business
1 answer:
marysya [2.9K]3 years ago
8 0

SSSSSSSDDDDDSADDDDDDDDDDDDDSADSA

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Suppose that a university decides to spend $1 million to upgrade personal computers and scientific equipment for faculty rather
Vladimir [108]

Answer:

<u>Opportunity cost </u>

Explanation:

Suppose that a university decides to spend $ 1 milion to upgrade personal computers and scientific equipment for faculty rather than spend $  million to expand parking for students . This example illustrates<em><u> opportunity costs.</u></em>

<em>Opportunity cost refers to the cost shifting one opportunity to another opportunity or availing one opportunity in terms of another.</em>  

Formula of Opportunity cost is :

<u>Opportunity cost</u>    =  Total Revenue - Economic Profit

                                    Or

<u>Opportunity cost </u>  = What one sacrifice / What one gain

In Opportunity cost we chose one thing or option over the cost of another thing or option. Opportunity cost places a important role in economic theory .

As it tell us that people can choose only one thing not the both things at the sane time.

3 0
3 years ago
The three types of scaffolds are ________________.
Damm [24]

Answer:

The answer is d: supported, suspended, and aerial lift trucks

Explanation:

An elevated temporary work platform is called a scaffold. Scaffolds can be divided into two categories:

Supported scaffolds are made up of one or more platforms that are held up by rigid parts like, for example, poles, frames and legs.

The scaffolds that hang from ropes or another pliable, above support, consisting of one or more platforms are suspended scaffolds

Aerial lifts, in particular, can be thought of as different kinds of supported scaffolds.

8 0
3 years ago
One way to obtain the economically efficient amount of college education is for governments to subsidize college education. What
Karolina [17]

Answer:

The remaining part of the question is given below:

(Note that the subsidy can be granted to the education institutions or to the students directly or indirectly; for example, through low- interest student loans.)

a. P2-P0

b. P2-P1  

c. P0-P1

d. P1

<u>Correct Answer:</u>

b. P2-P1

Explanation:

A pigouvian subsidy is a subsidy that is used to encourage behaviour that have positive effects on others who are not involved or society at large. <em>Behaviors or actions that are a benefit to others who are not involved in the transaction are called positive externalities.</em>

7 0
3 years ago
Which of the following are conflict indicators?
adell [148]

All of these can be indicators of conflict EXCEPT

having a cheerful, positive demeanor and respectful comments.

In a well-functioning organization, you would hope to find both of these traits amongst your workers. They are signs that things are running smoothly with little conflicts.

7 0
3 years ago
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Which type of portfolio might a young investor who is not afraid of risk choose?
Naddik [55]

The type of portfolio that the young investor who is not afraid of risk choose is the portfolio with a high percentage of stocks. Stocks are able to return higher compared to others and this makes it give a high risk because of its performance of providing losses or either profit. The answer is letter D.

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