It is probably safe to say that most if not all decisions involve trade-offs. For example a person may be offered a job that pays well but requires 7 days per week for a month and while this is good for a younger person with no other commitments it may not work for an older person with his own family commitments and other projects. Another decision could be that for support, a husband decides to not take on major time consuming projects while his wife is doing intensive studying to become certified in a field of her choosing so that he can support her. Another example is that when one cannot drive one's son with a disability to a beach to swim because it is too far and uses too much car gas, the money saved on gas some of it could be spent on his groceries.
Answer:
The price of domestic Cuban grapefruit for consumers will increase,option B
Cuban exports of grapefruits will increase,option B
Consumer surplus in Cuba will decrease,option A
Producer surplus in Cuba will increase.option B
Explanation:
Opening up the economy paves way for producers of grapefruit to sell their output in the international market due to the incentive provided by higher international price,hence there would less to sell in the home front,thereby pushing up domestic price.
Of course,producers in Cuba would prefer export to selling locally, as a result Cuban exports of grapefruits will increase.
Consumer would reduce because of increase in price as the surplus is the difference between local price and higher international price and conversely producer surplus increases
Conceptual skills refer to the ability to understand the relationship of parts to the whole.
Answer:
1. Expectations about future conditions and prices.
2. Tastes
3. Population
4. Income
5. Prices of substitute or complement goods.
Answer:
a decrease in the effectiveness of assets in producing sales by a favorable trend in using assets to generate sales.
Explanation:
Assets turnover ratio =
Therefore when the ratio increases it means the level of sales has increased, with a higher rate than earlier.
Now also with this it reflects that the effectiveness of assets in producing sales as by a favorable trend, as higher the ratio more favorable it is, as depicts higher sales.