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Yakvenalex [24]
3 years ago
15

Which situation best illustrates the economic concept of opportunity cost?

Business
1 answer:
Arada [10]3 years ago
5 0
B. because opportunity costs is giving up one benefit to gain another benefit.
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_______________ is a cost-effective way that many companies outsource the production of goods, such as clothing, shoes, and cell
diamong [38]

Answer:

Correct option is (c)

Explanation:

In international market contract manufacturing is when one firm manufactures goods under another firm's label or brand. Under this type of manufacturing, a company seeks another company in a different country to manufacture goods for it. This is done as the it could be costly to manufacture goods in home country in terms of human resources and raw materials.

So, contract manufacturing, also called international outsourcing or international sub-contracting is a cost-effective way of manufacturing goods.

4 0
4 years ago
Bernard is a trainee accountant. His manager asked him to record a loss on the sale of machinery in the business’s temporary acc
Agata [3.3K]

Answer:

Gain and loss accounts

Explanation:

Gain and loss accounts are a form of temporary accounts that are utilized to gather combined sales and purchases that has an effect on the profit or loss of business activities over a given period, which is typically in a year. For example, the loss on property sold account.

Hence, in this situation, the correct answer to the question is known to be a GAIN and LOSS ACCOUNT.

6 0
3 years ago
Your total lottery winnings are actually worth ______________ more than the same amount as less than ​$20,000 to you today.
ozzi

Answer:

Your total lottery winnings are actually worth __$10,000____________ more than the same amount as less than ​$20,000 to you today.

Explanation:

My total worth today is $ 10,000

My present worth today is less than $20,000  by $10,000

Hence, the lottery amount is more than by amount X which is equal to the difference between $20,000 and My total worth in present times

$20,000 - $10,000 = $10,000

4 0
3 years ago
Allen is in the marketing department of a midsize firm that develops and sells communications systems. He is proud of the human
hichkok12 [17]

Answer: Building customer loyalty depends on a committed workforce

Explanation: The duties of human resource department includes employing  suitable individuals for different jobs and maintaining a positive culture within the work place, so that the employees feel comfortable. Also the training of employees and resolution of any conflict is also done by the HR department.

But customer loyalty is done by the marketing department of any organisation as they are responsible for building positive relationships with the existing and potential customers.

Hence, from the above we can conclude that the correct option is D.

5 0
4 years ago
If the real output of a DVC increases from $200 billion to $260 billion and its population increases from 100 to 110 million, it
SCORPION-xisa [38]

If the real output of a DVC increases from $200 billion to $260 billion and its population increases from 100 to 110 million, its real per capita output will have increased by about $167. This is further explained below.

<h3>What is real per capita output?</h3>

Generally, The real gross domestic product per capita is a figure that is calculated by dividing the entire economic output of a nation by the total population of that country after adjusting for inflation.

In conclusion, If the actual production of a DVC goes from $200 billion to $260 billion and at the same time its population goes from 100 million to 110 million, then the real output per capita will have climbed by around $167.

Read more about real per capita output

brainly.com/question/15694733

#SPJ1

3 0
2 years ago
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