1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Arisa [49]
3 years ago
7

The company uses a custom-made software program to manage its inventory. The company paid a consulting firm $32,000 to develop t

he custom software. The annual opportunity cost for the resource is $_____.
Business
1 answer:
Vadim26 [7]3 years ago
3 0

Answer: $0

Explanation:

The program is said to be custom-made which means that the program is specifically for this company and so cannot be used by another.

This will put the opportunity cost at $0 because the company cannot use the money paid to develop something else as there are no alternatives to a custom made software.

You might be interested in
Which of the following is not a cost created by high​ inflation? A. Inflationary impacts are not distributed evenly across the​
dybincka [34]

Answer:

The correct answer is the option A: inflationary impacts are not distributed evenly across the population, therefore, inflation causes the economy to redistribute income across households.

Explanation:

To begin with, <em>inflation</em> is the name that receives, in an economic field, the term that refers to the situation where the economy of a country <em>decreases its purchasing power per unit of money</em> causing a<em> loss of real value in the unit of exchange</em>. Moreover,<em> it affects the economy in many negative ways</em>, such as the reductions of the real value of the wages, causing a more difficult situation for the people to buy the primary groceries. Furthemore, it also increases the opportunity cost of holding money, causing to discourage investment and savings.

Therefore, that it is understandable that the correct answer is the option A, due to the fact that <u><em>a high inflation do not cause a redistribution in the income of the economy to the households, actually it causes the whole oppositve impact. </em></u>

7 0
2 years ago
Which of the following is true of using direct marketing channels?
podryga [215]

Answer:

c

it reduces the number of channels example, by using email and short message servicing

7 0
3 years ago
3) When there are more substitutes for a product, the ________ for the product is ________. A) demand; less price elastic
balu736 [363]

Answer:

Explanation:

When there are more substitutes for a product, the demand for the product is more price elastic. The implication of this is that the demand of such product will drop when there is increase in it price because people can get another product which will play the same role with the previous at a lesser price. Hence, the demand for the product vis more price elastic.

6 0
3 years ago
Which of these can most easily be removed from a budget if spending is higher than income? A. Fixed expenses B. Discretionary sp
earnstyle [38]

Answer:

B discretionary spending

Explanation:

5 0
3 years ago
Inayah needs Rs.100, 000 to start an ice-cream business. If she uses Rs.40, 000 from her savings and another Rs.60, 000 borrows
Lelu [443]

Answer: 5% of RS 100,000

Explanation:

Opportunity cost is what an economic agent such as an individual, form or government forgoes when a choice is made from different available choices.

Here, since Inaya has used Rs100000 for her ice cream business, the opportunity cost will be the 5% interest that she could have made on the money used for the business

4 0
2 years ago
Other questions:
  • The front office staff at marriott hotels has a preshift meeting at 7:00 am every morning. as general manager, you are expected
    5·1 answer
  • Amy earns an annual salary of $40,000 working for the law office of smith and jones. calculate her gross pay per paycheck if she
    11·1 answer
  • Suppose the price increases from $30 to $40. demand is
    15·1 answer
  • E-mail and Internet marketing campaigns allow you to make the most of limited advertising dollars while reaching a great number
    6·1 answer
  • Where do banks get money to lend to borrowers?
    7·2 answers
  • TRUE OR FALSE FOR BRAINLIEST ANSWER, I'LL REPORT IF WRONG When one party substantially performs, the other can demand full perfo
    10·1 answer
  • . Define corporate-level strategy. What are the different levels of diversification firms
    14·1 answer
  • At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $654,000. Chan records it
    14·1 answer
  • Ill give brainliest to whoever can guess what number im thinking of 1-10
    8·2 answers
  • This year Mary received a $600 refund of state income taxes that she deducted on her tax return last year. Mary included a total
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!