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Rama09 [41]
3 years ago
11

State four features of opportunity cost​

Social Studies
1 answer:
Hunter-Best [27]3 years ago
7 0

Answer:

Opportunity cost is an economic term that refers to the value of the next best available option when a particular decision is made, that is, what is lost or not gained by choosing a certain option (which is supposed to be more beneficial than the option that was rejected).

In all decision making, each option must be weighed and evaluated before a decision is made. The more at stake, for example, if a company has to decide which products to produce, the more complex such calculations become. The opportunity cost is, therefore, a key concept when solving cases due to lack and efficiency of materials. Another example that can be given is the opportunity cost of taking a week off from work. The opportunity cost in that case is the loss of work, with the consequent loss of economic income.

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What are six skills that scientist use to learn about the world?
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1. Observing

2. Classifying

3. Making models

4. Inferring

5. Predicting

6. Analyzing

6 0
3 years ago
For each of the scenarios, please decide whether there will be an increase or decrease in short-run aggregate supply or if there
lana66690 [7]

Answer:

1) short-run aggregate supply decreases

2) short-run aggregate supply decreases

3) short-run aggregate supply increases

Explanation:

An increase in the cost of employer provided health insurance means that firms are paying more for each unit of labor they employ. This is an increase in nominal wages (even if employees don't see this increase in their paychecks!). The result is that is it more expensive to produce so short-run aggregate supply will decrease or shift to the left. Similarly, the bad weather in the Northwest will reduce the availability of lumber and increase the price, making lumber more expensive at any amount. Because lumber is used extensively as an input into the production function, this too will result in a decrease in short-run aggregate supply.

In comparison, a rise in productivity will result in an increase in short-run aggregate supply. Because of the new technology, it now becomes cheaper for Herbert, and the other farmers like him, to produce at any quantity, and so they increase production. Such a shift occurs over the entire economy and will shift the short-run aggregate supply curve to the right.

3 0
2 years ago
Explain the term physical capital ?​
Agata [3.3K]

Answer:

Physical capital refers to assets, such as building, machinery, and vehicles, which are owned and employed by an organisation. Physical capital constitutes one of the factors of production other than land and labour. The assets constitute fixed capital means that they are not consumed in the process of production.

6 0
3 years ago
Read 2 more answers
Holly describes herself this way: "I am always tense and worried. Sometimes I get so frightened, I feel like I'll die. I am terr
gtnhenbr [62]

Answer:

Anxiety

Explanation:

Anxiety is the emotion which is described as the unpleasant state of internal turmoil a person experiences which makes people worry and become nervous.

Here, Holly is describing her internal turmoil. She is always tense, worried and gets frightened easily. Her behavior is dictated by her inner turmoil and she reacts according to her internal state. This makes her more worried.

Hence, Holly is suffering from anxiety.

4 0
3 years ago
Research seems to indicate that using a narrative to recall information leads to decreased levels of recall. Please select the b
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The statement that there is indication that with the use of narrative to recall information there could be decreased levels of recall by a researcher is False.

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  • by the use of narrative to get back information will not decreased levels of recall .

Therefore, the above statement is False.

Learn more at:

brainly.com/question/2624920?referrer=searchResults

8 0
2 years ago
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