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2 years ago

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

Business

1 answer:

jolli1 [7]2 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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Herman Co. is considering a four-year project that will require an initial investment of $7,000. The base-case cash flows for th

goldenfox [79]

Answer:

Net Present Value $ 23,373.49

Explanation:

First, we solve for the expected return:

$\left[\begin{array}{cccc}State&Return&Probability&Weight\\best-case&19,000&0.25&4,750\\base-case&12,000&0.5&6,000\\worst-case&-3,000&0.25&-750\\Total&&1&10,000\\\end{array}\right]$

Now, we solve for the present value of this vaue over the four-year period:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 10,000.00

time 4

rate 0.12

$10000 \times \frac{1-(1+0.12)^{-4} }{0.12} = PV\\$

PV $30,373.4935

Last we subtract the investment cosT:

30,373.49 - 7,000 = 23,373.49

5 0

3 years ago

With respect to the roles in the family decision-making process, the individual who performs the physical act of buying the prod

fgiga [73]

Answer: B Influencer

Explanation: The family without a doubt is a major influence on the consumer behaviour of its members. There are many examples of how the family influences the consumption behaviour of its members.

The importance of the family or household unit in consumer behavior arises for two reasons:

1. Many products are purchased by a family unit.

2. Individuals’ buying decisions may be heavily influenced by other family members.

How families or households make purchase decisions depends on the roles of the various family members in the purchase, consumption, and influence of products. Regardless of how many family members are present when items are being purchased, the other family members play an important role in the purchase.

6 0

3 years ago

Applicants describe how they handled specific problems and situations in previous jobs in a(n) ________ interview.

Serggg [28]

Applicants describe how they handled specific problems and situations in previous jobs in a(n) behavioral structured interview.

7 0

3 years ago

(A) If variances are prorated at the end of the accounting period, an unfavorable direct materials price variance will, when pro

charle [14.2K]

Answer:

Both A and B are correct.

Explanation:

Variance analysis help the business to identify the deviation from their budgeted expenditures. The budget cost or volume is analyzed against the actual expenditure or production volume. Variance can be favorable or unfavorable. An unfavorable material price variance will increase the cost of finished goods.

5 0

3 years ago

You have $2,000 today in your savings account. How long must you wait for your savings to be worth $4,500 if you are earning 1.2

Alenkasestr [34]

Answer:

n= 65.27 years

Explanation:

Giving the following information:

Present value (PV)= $2,000

Future value (FV)= $4,500

Interes rate (i)= 1.25% annual compounding

To calculate the number of years required to reach the objective, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)

n= ln(4,500 / 2,000) / ln(1.0125)

n= 65.27 years

3 0

3 years ago

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

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