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3 years ago

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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Joe: "i think the key additional information you need to know in deciding whether the doctor should keep the medical practice

RoseWind [281]

This is what Joe says: "Information is more important than the additional revenue and additional cost of being open 1 more hour."
He is a wise person

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3 years ago

Upper A report about the decline of Western investment in third world countries included this: "After years of daily flights com

Ksenya-84 [330]

Answer:

True

Explanation:

The actual amount of the decrease in foreign investment is less than 100% therefore, if foreign investment fell by 100%, it would be cut in half. Apparently, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible.The the statement does not mention the initial amount of foreign investment.

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3 years ago

The ________ documents the portion of work to be purchased, in enough detail so potential suppliers can decide if they feel they

anyanavicka [17]

The procurement statement of work documents the portion of work to be purchased in enough detail, so as to help potential suppliers decide whether they're interested and capable of providing it.

<h3>What is procurement?</h3>

Procurement can be defined as a terminology that is used to connote the purchase of raw materials, items or resources from suppliers, which are used by business firms for the manufacturing of other finished goods and services.

Basically, the procurement statement of work is typically used to document the portion of work to be purchased by an entrepreneur or business firm in enough detail, so as to help potential suppliers decide whether they're interested and capable of providing it.

Read more on procurement here: brainly.com/question/26101126

5 0

2 years ago

Regional Economic Integration Threats (textbook) In a way, price differentials in the same economic integration would decline in

Svetach [21]

Answer:

TRUE

Explanation:

The integration of countries from the same region into a trade bloc has the purpose of free movement of goods and services among lower-priced member countries. This is because from integration, countries give up tariffs and customs barriers, allowing products to be marketed to everyone at a lower cost, aiming at the common good. If countries use the same currency, the benefits of integration are even greater as they eliminate currency conversion costs.An example of this type of integration is the European Union, where products move freely between member countries and are sold in the same currency, the euro.

6 0

3 years ago

The Jameson Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% p

belka [17]

Answer:

Jameson's current stock price, P0 is $18.62

Explanation:

Required rate of return = Risk free rate + Beta*Market risk premium.

= 4.00% + 1.15*5.00 %

= 9.75 %

Current stock price, P0

= Expected dividend per share/(Required rate of return - Growth in dividends)

= (0.75 + 5.50%*0.75)/(0.0975 - 0.055)

= $18.62

Therefore, Jameson's current stock price, P0 is $18.62

5 0

3 years ago