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muminat
3 years ago
15

In economics, the phrase "There is no such thing as a free lunch" means what?

Business
1 answer:
DENIUS [597]3 years ago
6 0

Answer:

C) .There are always resources that must be given up to produce and consume the lunch.

Explanation:

The phrase means that in economics, there is nothing that is genuinely free. Every decision has a cost implication that has to be meant by somebody.  In the example of a free lunch,  there is still a cost to be met. Even if a client is not charged for the food, the restaurant owner has to pay for labor and the materials used to prepare the lunch.

The phrase implies that all economic decisions have a cost behind them. Anyone offering anything for free must have a plan of recovering their costs.

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Answer:

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4 0
3 years ago
Brandon, an analyst at Agency A, rents a car at $40 per day. Due to a rental company discount, if a car is rented for 4 or more
4vir4ik [10]

Answer:

62.5%

Explanation:

In this example, Brandon rented the car for 6 consecutive days. This means that he was able to take advantage of the promotion. Therefore, he only paid for five days (got one day free) at a rate of $30 per day (as opposed to $40). Therefore, he paid:

$30 * 5 = 150

On the other hand, Whitney rented a car for three days. She did not qualify for the discount, which means that she paid for all her days, at a rate of $40 per day. Therefore, she paid:

$40 * 3 = 120

To obtain the average daily rate of each person, we would need to divide this final rate by the number of days each person used a car. That would look like this:

Brandon: $150 / 6 = $25

Whitney: $120 / 3 = $40

Therefore, when comparing these two numbers, we see that the average daily rate paid by Brandon is 62.5% percentage of the average daily rate paid by Whitney.

6 0
3 years ago
Jones & Hilton Co. owned a large cold storage warehouse where they stored and processed meat and meat products. An insider r
8090 [49]

Answer:

4. U.S. Department of Agriculture

Explanation:

The U.S. Department of Agriculture, one of the most powerful executive departments in the United States, has as one of its functions the responsability to ensure food safety.

For this goal, it has one subdivision: the Food Safety and Inspection Service, which has over 9,000 employees across the U.S.

That is the specific department that would carry out the inspection, and initiate legal proceedings in case of irregularities. It is in charge of ensuring food safety for consumers in the places where food is manipulated, distributed, and sold.

4 0
3 years ago
cali wants to work on improving her money management skills. to start, she needs to gather financial records. what type of finan
dedylja [7]

One type of financial record that would most help her begin this process would be her bank statements.

What is financial record?
Financial records
are the official papers that document the transactions of a company, a person, or any other organisation. Companies keep financial records, such as income statements, balance sheets, cash flow statements, statements of retained earnings, and tax returns. An important sign of a successful business is the organisation of the financial records. Such a record is necessary to give stakeholders and Accutane financial information about a business or an individual in a clear and concise manner. To prepare financial statements or other record for financial reviews and audit, all relevant financial data must be available. In order to assist in the creation of financial records like assets and liabilities, general ledgers, and other supporting documents, books of accounts are also helpful.

To learn more about financial record
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5 0
1 year ago
Which of the following statements are true about credit scores?
scoray [572]
The correct answer is C) Both A&B


8 0
3 years ago
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