Answer:
B. Spending by firms on capital goods is declining.
Answer:
in the past we did not have much reshcearch to help figure out what is wrong
now we have the tech to help and we also have vacanation
Explanation:
The amount by which the total benefits to consumers exceed their total expenditure is called
consumer surplus, and if the price is b, is depicted by the area <span>
BCD</span>.
My response is based on this figure which I've attached.
Answer:
Implicit Imputed opportunity cost of time sacrifised while airport drop .
Explanation:
My friend asking me to drop at airport, & paying costs : gas used while driving, parking cost of car - has excluded certain price giving aspects.
He has included all the Explicitly quantified costs , whose payment is made to third person - like fuel & parking.
However, he has not included the implicit cost in terms of opportunity cost i.e other things sacrifised while going to drop him. Such costs payment is although not directly made to third person, but they still reflect a 'cost' as they reflect a gain sacrifised meanwhile.
In this case, it includes time sacrifised while going to drop friend at airport. That time could be used at work, which could have monetary benefits. So, this cost is eliminated to be evaluated by my friend.
