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aniked [119]
3 years ago
14

What do we call a cost that was already incurred and cannot be recovered in economics?

Business
1 answer:
AleksAgata [21]3 years ago
6 0

Answer:

Sunk Costs

Explanation:

A sunk cost is one that has already been incurred in the past and that cannot be recovered

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What did the rothschild do with the gold that he had after napoleon was defeated?
Paladinen [302]

He invested it into the the british bond market, and waited a year to sell it as its value rose. Value ended up being about 600 million pounds in today’s economy

4 0
3 years ago
A local coffee shop is known for poor customer service and an unclean, dirty environment. These factors would be classified as _
Snowcat [4.5K]

Answer: Weakness

Explanation:

As stated in the question the poor customer service and unclean environment of the Coffee shop are parts of their weakness in a SWOT analysis. SWOT analysis is an analysis an individual/organization does on themselves to know their areas of strength, weakness, opportunities and threats in the business they are engaged in.

6 0
3 years ago
Evie wants her sister's cell phone. Her sister wants Evie's television. They come to an agreement that they will exchange these
Kryger [21]

An economist would BEST describe the scenario as : Barter system

<h3>What is a Barter system?</h3>

Barter system is when commodities are exchanged against commodities. It is an act of trading goods or services between two or more parties without the use of money.

This type of trading system is an old method of exchange practised for centuries and long before money was introduced.

Examples of barter system are :

  • Mangoes are exchanged for bananas.
  • Salt is exchanged for onion.
  • Shoes are exchanged for clothes.

Therefore, an economist would BEST describe the above scenario as barter system because both Evie and her sister exchanged their items of value between themselves.

Learn more about barter system here : https://brainly.in/question/1821688

5 0
3 years ago
A pure monopolist should never produce in the _________.a. elastic segment of its demand curve because it can increase total rev
Paladinen [302]

Answer: The correct answer is "b. inelastic segment of its demand curve because it can increase total revenue and reduce total cost by increasing price.

Explanation: A pure monopolist should never produce in the <u>inelastic segment of its demand curve because it can increase total revenue and reduce total cost by increasing price.</u>

It would be uneconomical for a pure monopolist to produce in the inelastic segment of its demand curve because it would not be increasing its profits, because if it increases the price it can reduce the total cost and increase total revenues.

5 0
4 years ago
Brooke Bennington works for JMK an year and earns a monthly salary of $12,800 There is no overtime pay Brooke's income tax withh
Karolina [17]

Answer:

$9,544.80

Explanation:

For 2020, the maximum amount of salaries that are subject to social security taxes is $137,700. This means that Brooke's entire salary is subject to social security withholding.

Gross salary $12,800

  • Federal income tax withholding $1,920
  • United Way contribution $256
  • FICA taxes (OASDI) withholding $793.60
  • FICA taxes (Medicare) withholding $185.60
  • Health insurance $100

Net pay = $9,544.80

8 0
4 years ago
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