Answer:
A. It is the income foregone by not using a resource in an alternative way.
Explanation:
Opportunity cost is the income foregone by not using a resource in an alternative way.
Opportunity cost is refers to the value of what you have to give up in order to choose something else. It can also be called REAL COST.
It also refers to the value or benefits of something that must be given up in order to acquire another thing.
Answer:1. Increase in supply; increase; decrease
2. Decrease in supply; decrease; increase
3. Increase in supply; increase; decrease
4. Decrease in quantity supplied; decrease; decrease
Explanation:
Answer:
overcome the challenge of deciding about further enlargement
Explanation:
The World Trade Organization main goal is to eliminate both tariff and non-tarrif barriers in world trade. It has 164 members states, and has been largely successful in this goal.
These achievements, as well as the achievements of other multilateral trade agreements help the European Union overcome debates about further enlargement and integration because not only do they lay the foundation for future economic integration, but also they represent empirical evidence that proves that economic integration is largely benefitial to signing countries.
The politician has more power and position to resist consequences.
<u>Explanation:</u>
The gatherings individuals have a place with on account of their place or position in history and society. All individuals have a social area that is characterized by their sex, race, social class, age, capacity, religion, sexual direction, and geographic area is known as Social location.
Social location is significant in light of the fact that it recognizes that all individuals in a general public don't think the same or experience reality similarly. In spite of numerous favorable circumstances, individuals in progressively special positions can be oblivious to the social experience of the individuals who have experienced separation or persecution.
Answer:
Explanation:
targeted profit can be achieved after covering total cost including fix cost
total cost = variable cost + fix cost
break even = total cost = total revenue
first we need to cover variable cost
Selling price = 120
Varaible cost = -80
contribution margin = 40
Now we need to cover fix cost
break even = fix cost/ contribution margin
break even = 50000/40
break even = 1250
now we need extra units to cover the targeted profit
targeted units = 10000/40
targeted units = 250
total units that should be sold for targted profit of $10000 = (250+1250) = 1500
or
we can solve through this method
targeted units = (fix cost+targeted profit) / CM per unit
targeted units = (50000+10000)/40
targeted units = 60000/40
targeted units = 1500
