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Marizza181 [45]
3 years ago
9

1.Economics is the study of ____________________ and _________________________.2.What is opportunity cost

Business
1 answer:
jolli1 [7]3 years ago
4 0

Answer: See explanation

Explanation:

Economics is the study of human behavior and also how resources are allocated in the society. Economics studies the reason for the behavior in the individuals, firms or government when certain situations happen in the economy.

Opportunity cost is refered to as n alternative cost that's, the cos if what we forgo when we make an alternative decision. For example, if I purchase a book for $20, the opportunity cost is something else that I could have used the $20 for.

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If the cost of goods sold is more than the cost of goods manufactured, then
ivann1987 [24]

Answer:

C. Finished Goods Inventory has decreased.

Explanation:

Cost of goods manufactured (COGM) increases when finished goods inventory is <em>produced</em>, while cost of goods sold (COGS) increases when finished goods inventory is <em>sold</em>. If COGS has been increasing faster than COGM has been increasing, the company has been selling more goods than it has been producing. Therefore, it must have sold goods from its surplus of finished goods inventory. Thus, finished goods inventory has decreased.

8 0
3 years ago
Which of these is a characteristic of certificates of deposit (CDs)?
masha68 [24]

Answer:

They last for a certain period of time

Explanation:

Typically Certificates of Deposit are offered if the set amount is deposited and kept through the stated amount of time. (The length of the CD can be anywhere from 18 months to 3 years [most popular])  When the money is removed short of the stated time period a penalty is taken from the value of the CD.

5 0
3 years ago
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Fly-By-Night Insurance Company had much larger losses than forecast. The company did not charge adequate premiums nor did the co
Reika [66]

Answer: (A) Guaranty fund

Explanation:

 According to the given question, the Guaranty fund is one of the type of fund that basically helps in paying the various types of unpaid claims.

This type of funds are basically covering the beneficiaries of the insurance organization in which the insurer are basically helps in selling the various types of products and the services in the market.

 The guaranty funds is typically used by the administrator for the purpose of protecting the policyholder in the insurance firm.

Therefore, Option (A) is correct answer.    

7 0
3 years ago
Need help on some questions.. anyone....?
zalisa [80]

8) The to field

9) Procrastinating

10) to arrive at a resolution

5 0
3 years ago
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A manufacturing company has budgeted direct labor hours of 600 at a variable overhead rate per direct labor hour of $20. The bud
LekaFEV [45]

Based on the labor hours and the overhead rate as well as the fixed cost, the total budgeted overhead cost will be $12,500.

<h3>What is the budgeted overhead cost?</h3>

This can be found as:

= (Variable cost per labor hour x Number of labor hours) + Fixed overhead cost

Solving gives:

= (20 x 600) + 500

= 12,000 + 500

= $12,500

In conclusion, the total overhead cost that would be budgeted is $12,500.

Find out more on budgeted costs at brainly.com/question/25406806.

3 0
2 years ago
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