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Ivahew [28]
3 years ago
8

Consider the following information: the marginal products of labor for the US in producing Cars and Wheat are 24 and 18. Given t

he information above, US's opportunity cost of producing cars is: A. 0.50 wheat B. 1.33 wheat C. 0.75 cars D. 0.75 wheat
Business
1 answer:
stepan [7]3 years ago
7 0

Answer:

0.75 wheat

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

the opportunity cost of producing cars, is the quantity of wheat that would have to be forgone to produce one car

18 / 24 = 0.75 wheat

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Answer:

a. True

Explanation:

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4 0
3 years ago
Suppose canada has a population of 30 million people, and labore force participation rate of 2/3. furthermoew, suppose the natur
Tatiana [17]

Inflation is 110

<u>Explanation:</u>

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                                         = 110

7 0
3 years ago
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mestny [16]

Answer:

Predatory pricing.

Explanation:

When Lofonift Inc. introduced its flagship product, an MP3 player, it captured the MP3 player market by offering its product at the lowest price in the market. This gradually forced many of its competitors out of business. Once its competitors were out of business, Lofonift Inc. raised its prices. In this scenario, Lofonift Inc. most likely indulged in predatory pricing.

Predatory pricing is a strategy used by some business owners to reduce the cost of a particular commodity or item to the lowest possible amount such that the available competitors will be driven out of business.

8 0
3 years ago
If someone stole from you ... and you stole it back ... would you technically still be stealing it ? .
dsp73

Answer:

yes that would still be stealing unless you where taking back what they stole from you but if you take a random thing that wasn't yours to begin with that would be stealing

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dybincka [34]

Answer:

answer is a

Explanation:

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