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Nata [24]
2 years ago
12

An economic term for any person who uses goods or services. Sometimes a consumer buys a good or service. Sometimes, the goods or

services are free. Either way, we are consumers when we use something. This is also true in the digital world. We are consumers when we use online goods and services.
Business
1 answer:
lesantik [10]2 years ago
5 0

Answer: Consumer

Explanation:

If you are asking about what the economic term for any person who uses goods or services is, it is already included in your statement.

The person is a consumer as a consumer is the economic term for an entity that acquires goods and services whether freely or otherwise to use them for something be it personal or business in nature.

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A country produces only bananas and robots. If it produced only bananas with all its available resources, it could make 60 milli
Levart [38]

It should be noted that in the PPC, the downward sloping line 'ab' is the production possibility curve.

<h3>How to illustrate the information?</h3>

In the diagram, since point 'A' falls on the PPC itself, it represents the full employment of resources. Point 'A' represents the combination of 30 million bananas and 10 million robots.

Opportunity cost producing a robot = Total bananas possible / Total robots possible

Opportunity cost producing a robot =60/20

Opportunity cost producing a robot = 3 bananas

The area outside PPC represents the unattainable combinations of two goods.

During the recession, the resources are inefficiently used and the production combination is represented by point 'B' which falls below PPC When the production technology improves only for one good and not for the other, the PPC rotates

Marginal opportunity cost of a robot = 80 million bananas / 10 million robots

The marginal opportunity cost of a robot = 8 bananas

Opportunity cost of 2 million robots = 8 bananas × 2 million

The opportunity cost of 2 million robots will be 16 million bananas.

Learn more about PPC on:

brainly.com/question/2617319

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8 0
2 years ago
Adidas Corporation bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 3,600 unit
meriva

Answer:

The cash disbursements for selling and administrative expenses should be $45,520

Explanation:

The selling and administrative (S&A) expenses have two parts: a variable one and a fixed one.

  • The variable part depends on how many units have been sold. So, if the variable S&A expense per unit is $4.1, and 3,600 units are planned to be sold, the total variable S&A expense should be 3,600 * 4.1 = 14,760
  • The fixed part does not depend on the units sold. It remains the same no matter how many units have been sold. Yet, it includes depreciation of $5,100. The depreciation does not represent an exit of money. It isn't part of the cash flow. So, the total fixed S&A expenses should be 35,860 - 5,100 = 30,760
  • Finally, the total S&A expenses should be 14,760 + 30,760 = 45,520
5 0
3 years ago
Organizations are increasingly using teams for many reasons. The difference between a good team and an outstanding team has been
leonid [27]

Answer:

the way team members treat each other

Explanation:

The main difference between such teams is the way team members treat each other. This is because the most outstanding teams treat each other as friends, this allows each member to want to motivate one another towards their best self. Overall this provides increased work efficiency and innovative results from these teams as opposed to groups that treat each other only as professional colleagues and want to overshadow one another in order to further their own careers.

4 0
3 years ago
PLZ Help 10 points
Rasek [7]

Answer: you can use styles to format documents

6 0
3 years ago
Read 2 more answers
If the equilibrium price of a good increases and the equilibrium quantity of the good decreases, we can conclude that __________
Alex777 [14]

<u>Answer: </u>Supply decreases and the supply curve has shifted upwards.

<u>Explanation:</u>

Equilibrium price is the place where the supply and demand curves meet. It is the balance point above the point creates surplus and below the point creates shortages.Surplus occurs when the prices are lowered to increase the sales. When there is a shortage the prices will increase to make benefit out of the situation and meet high demand.

When the supply and demand curves shift upwards it affects the price and quantity. The equilibrium price of the product will increase and the quantity falls.

7 0
3 years ago
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