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Irina-Kira [14]
3 years ago
14

Yvette is waiting in line to receive a free t-shirt at a charity event. Because the shirts are free, there are many people in li

ne, and a long wait time is expected Consider the following sentence: By waiting in line for the shirt Yvette will miss an appointment to tutor an economics student, for which she would have been paid $30. Which basic concept of individual choice does this sentence best illustrate?
a. Externalities are a shortcoming of the market,
b. Many decisions are made on the margin.
c. Opportunity costs and money costs (price) are related but are not always exactly the same
d. People usually exploit opportunities to make themselves better off.
Business
1 answer:
WINSTONCH [101]3 years ago
6 0

Answer:

c

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. It is also known as implicit cost

When Yvette decided to wait in line, she missed the opportunity to tutor. This is her opportunity cost.

By giving up tutoring, she is losing $30. Thus her implicit cost is $30

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The following information is available for the year ended December 31: Beginning raw materials inventory$12,000 Raw materials pu
posledela

Answer:

Direct material used= $88,600

Explanation:

Giving the following information:

Beginning raw materials inventory$12,000

Raw materials purchase 88,000

Ending raw materials inventory 11,400

<u>To calculate the direct material used in production, we need to use the following formula:</u>

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 12,000 + 88,000 - 11,400

Direct material used= $88,600

3 0
3 years ago
When is it appropriate to use a nontraditional résumé?
MissTica

Answer: Nontraditional resumes are ideal for job seekers in particularly creative industries, such as marketing and design. More specifically, online resumes are helpful for applicants who want to post films, sound clips, photographs, or other pieces of work related to their industry.

Explanation:

4 0
3 years ago
Carla has $10,000 that she would like to save for retirement.
coldgirl [10]

Answer:

higher, stocks, flunctuates, risk, bonds, interest

Explanation:

The chosen responses are the best from the options provided. First, to earn a higher long-term rate of return, stocks offer a higher interest rate than bonds and the reason being that they are riskier.

Stocks belong to the owners of an organisation and as such, they are only entitled to interest after the interests of bond owners and preference stock holders have been settled. Meaning, despite the higher rates of interest offered, it is riskier to be a stock holder than a bond holder

Bond on the other hand, are not equity or company ownership units, they represent debts that the company must pay fixed interest rates on. Although we have the convertible to stock and the non-convertible bonds. However, bonds may be safer due to the fixed interest rates that must be paid but interests are lesser than stocks and irrespective of a company's profitability, a bond holder is only entitled to the fixed interest rate unlike the stock holder who enjoys higher dividends as a result of improved profitability.

4 0
3 years ago
Read the thesis statement from a historical essay. Determine which type of claim the author is making (claim of fact, definition
mafiozo [28]

Answer:

im not 100% but think this is right

Explanation:

the author is making a claim of fact, because he is claiming that  provides no economic benefits.  im not sure about the second part

5 0
3 years ago
f interest rates rise but the quantity of loanable funds demanded and supplies remains constant, this implies that Group of answ
babymother [125]

Answer:

The demand and the supply of loanable funds both remained the same.

Explanation:

If the interest rates rise, but both demand and supply of loanable funds remanin constant, this means that demand and supply remained the same.

This would be a problem in the real world, because when interest rates rise, what should happen is that the supply of funds rise, while demand falls, because a rise in interest rates makes investment more expensive since interset rates are simply the price of the loanable funds.

3 0
3 years ago
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