Answer:
1. Time is scarce so Trey must decide whether to buy the car as soon as possible or to keep his position on the team
2. Entrepreneurship
3. A supply truck
4. Josephine felt she could help students most by improving teachers' skills
5. Profit
6. The ability to produce goods at a lower price
7. Feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.
Explanation:
1. Trey should not take too long to make his decision as time is scarce. If he does, then the price of the car may fluctuate or someone else might end up buying it.
2. Janice is the one who came up with the idea of setting up the business and she is also the risk-taker here. For this reason, she represents entrepreneurship.
3. A supply truck is the capital for a construction company because it is used as an input to deliver the material.
4. Josephine identified the problem that teachers need to be taught better management skills for the sake of students' success.
5. Profit is one of the many major goals of business owners because that amount is used to pay for future business-related needs. It is also important because it keeps the business up and running.
6. Singapore offered lowered rates of production. Although other facilities are better in Michigan the cost of production will increase a lot. Therefore, the ability to produce goods at a lower cost is the opportunity cost.
7. Russel believes that studying extra will make his future bright than playing basketball. Also, the benefits of studying are more than the disadvantages of not playing basketball.
Answer:
$42,600
Explanation:
Diego's cost to go to school is what he spends less what he stops earning if he works.
Data:
Tuition = $21,000
Room and Board = $11,000
Books = $1,800
Total expenses going to school =?
Salary if he works = $16,000
Expenses if he works = $7,200
Net Income =?
C = Diego’s cost of going to college =?
Calculations:
Expenses of going to school:
$21,000 + $11,000 + $1,800 = $33,800
Net income if you work:
$16,000 - $7,200 = $8,800
C = $33,800 + $8,800 = $42,600
Diego’s cost of going to college is $42,600
Hope this hepls!
Answer:
B: Approving Strategic goals and plans
Explanation:
The BOD meets frecuently to revise and define the Strategy and take the most relevant decitions of the company . The members of the BOD are the shareholders representatives in the busines.
Answer:
In 1890, Alfred Marshall's Principles of Economics developed a supply-and-demand curve that is still used to demonstrate the point at which the market is in equilibrium. ... The prices of some goods can increase without reducing demand, which means their prices are inelastic.
A Judge ordered search warrant and probable cause. Do you need help with anything else?
