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zheka24 [161]
3 years ago
9

Raphael is training for a triathlon, a timed race that combines swimming, biking, and running.Consider the following sentence: R

aphael has only 20 hours per week that he can devote to training for his race.Which basic principle of individual choice does this sentence best illustrate?-All costs are opportunity costs.-Resources are scarce.-People usually exploit opportunities to make themselves better off.-Many decisions are made on the margin.resources are scarce
Business
1 answer:
pychu [463]3 years ago
8 0

Answer:

Resources are scarce and All costs are opportunity costs.

Explanation:

The scarce resource in this case is time. Because resources are scarce, then people have to take choices strategically. If time was infinite, then Raphael would dedicate more time to train.

The sentence could also illustrate that all costs are opportunity costs. The cost of doing something else, is not training. For example, the cost of the time that he dedicates to study, is the time that he could spent training. But here we are also talking about time, then it could be option A or option B, but for me, A and B are correct.

Because resources are scarce, all of what we decide to do have an opportunity cost.

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Charlotte is trying to measure her salon's productivity during the first quarter. For this period, she should divide ________ by
IRISSAK [1]

Answer:

the total salon services and products sold

Explanation:

Productivity can be regarded as ratio of output volume to that of the volume of inputs. It give the measurements of

production inputs efficiency, these input could be labour, capital. Productivity helps to know how these inputs are been used in production of given level of output in economy.

7 0
3 years ago
Deadweight loss is A. the reduction in consumer expenditure resulting from market failure. B. the reduction in economic surplus
never [62]

Answer:

The answer is: B) The reduction in economic surplus resulting from a market not being in competitive equilibrium.

Explanation:

Deadweight loss is an economic cost to society as a whole when market inefficiencies occur preventing it from reaching its equilibrium point. Market inefficiencies are caused by incorrect allocation of resources.

For example if a price ceiling is established, suppliers will tend to lower the quantity supplied while the quantity demanded either increases or stays the same. That economic deficiency resulting from an unsatisfied demand is what we call deadweight loss.

Other causes for deadweight loss are price floors (reduction of the quantity demanded) and taxation (shifts on the demand or supply curves).

5 0
4 years ago
Writers should use words carefully and construct sentences skillfully to emphasize main ideas and de-emphasize minor ideas.
nirvana33 [79]

Answer:

The correct answer is letter "B": Congratulations! We would like to offer you the position of senior analyst.

Explanation:

Direct writing implies providing relevant information at first and additional details at the end. This is to avoid misinterpretation of the message and to avoid running in circles before giving the audience news that can be of interest. Direct writing must be objective and avoid exuberance. Thus, the phrase:

<em>Congratulations! We would like to offer you the position of senior analyst.</em>

Meets the direct writing criteria since it straight provides the information the reader was waiting for -being accepted or not for the senior analyst position.

8 0
3 years ago
Lantana Company has provided you with the transactions that occurred during its first month of operations. The Controller has al
mixer [17]

Answer:

To make a balance sheet in Excel from T-accounts data follow the below steps.

Explanation:

To make a balance sheet in Excel from T-accounts data follow the below steps.

Add current assets by giving link to the T-accounts data for example click on the cell where Current assets amount is to be added as "Cash" write = in the cell and click on the amount of cash balance available at the T-accounts.

Apply same to all accounts.

Current assets will include cash and supplies, Current liabilities will include notes payable and accounts payable and non-current assets will include land and equipment and common stocks will be added in equity.

Total current assets total will be calculated by writing "=SUM" then select the cells that needs to added together and press enter.

Apply same to all head accounts.

4 0
3 years ago
The company receives cash from a bank loan. - The liability account would do the following:
mina [271]
A: Increase hope this helps
8 0
3 years ago
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