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patriot [66]
3 years ago
11

You choose to complete your homework rather than watch television so that you can earn a good grade. You made the choice with th

e lowest ______.
A. Opportunity cost

B. Demand

C. Scarcity

D. Benefit
Business
2 answers:
Nonamiya [84]3 years ago
5 0

Answer:

A. Opportunity cost

Explanation:

In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Hence, the opportunity cost of a choice is the benefits that could be derived in from another choice using the same amount of resources.

For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.

In this scenario, you choose to complete your homework rather than watch television so that you can earn a good grade. Therefore, you made the choice with the lowest opportunity cost.

MakcuM [25]3 years ago
4 0

Answer:

Opportunity cost

Explanation:

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Read 2 more answers
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jek_recluse [69]

Answer and Explanation:

As per the data given in the question,

The central bank have various tools to apply expansionary policy and these tools are :

- Reserve ratio.

- Discount rate.

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The open market operations include the buying and selling of government owned securities by central bank to impact the monetary base in the economy. In case of any recession, the central bank should purchase government securities to enhance the money supply. Because whenever they do any kind of open market purchase there would definitely be increase in money in the economy. That's why increment in money supply decrease the interest rate in economy.

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JulijaS [17]

Answer:

See below

Explanation

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3. Compute inventory turns

= Cost of goods sold / Average stock

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=

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