Answer:
A and C.
Explanation:
There are five foundations of economics:
-Incentives matter.
-Opportunity costs.
-Trade creats value.
-Life is about trade off.
<em>Is a situation in which more of one thing necessarily means less of something else.</em>
<em>When desicions are made, people are always confronted with multiple alternative actions. Example, waking up for school.</em>
<em>The ultimate desicion should be the more efficient, profitable outcome.</em>
-Marginal thinking.
<em>The word marginal in economics means additional. It requires the evaluation of whether one more unit of something has higher additional benefits than additional costs. </em>
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Answer:
It is not legal for an insurance company to raise your premium if you were involved in a crash that wasn't your fault. In case that happens to you, you should first contact your insurance broker, but if he/she doesn't fix the issue, you must contact your state insurance department and file a complaint against your insurance company. Depending on which state you live in, you can file the complaint online, by phone, by mail, and/or email. If you live in your state capital city, I guess you can probably do it in person also.
Answer:
Advertising
Explanation:
Advertising
Statistics play a vital role in all aspects of advertising. It can be used in market research campaign testing identifying what type of advertisement to showcase to the consumers. Companies can use statistics to identify the best consumers to target and the most cost-effective ways to target them. Using that statistic can make the advertisement more compelling. Advertisers using statistics can make products attractive to consumers and provide consumers with accurate information.
Answer:
c. machining.
Explanation:
Unit level activities take place in order to manufacture the product. This manufacturing process has four activities:
- engineering
- setups
- machining
- inspecting
Unit level activities depend on the amount of units produced, this means that as more units are produced, more costs will be allocated. In this case, engineering, setups and inspecting are done on a batch basis, which means that they are batch level activities.
Only machining costs are proportional to the number of units produced.