E.) Opportunity cost is the cost associated with giving up one opportunity for the benefit earned by another.
Answer:
The correct answer is B
Explanation:
Export is the term which is defined as the goods and the services which are produced in one country and the residents of the other country purchased or bought it.
In short, it means that produced domestically, and then sold it to the foreign country.
Under this situation, the world price of the steel is $1,000. And the Russia started to export the steel so, it will lead to exporting the steel and the price would be $1,0000.
Answer:
$2,889
Explanation:
We need to use the MACRS cost recovery schedule for business property (39 years) placed on service during the 8th month = 0.963%
Jane's total deduction = total cost of improvements x depreciation schedule = $300,000 x 0.963% = $2,889
Modified accelerated cost recovery system (MACRS) is the depreciation method established by the IRS to calculate tax deductions based on asset depreciation.
The export of crops from the New World to the Old World transformed European society mainly by improving the diets of the population, which consequently increased population growth.
<h3 /><h3>How did the colonization of the new world benefit Europe?</h3>
The discovery of America by European explorers made the place known as the New World, due to the fact that there were lands and riches that were used by Europeans for the crops and exploitation of precious metals for the enrichment of the European metropolis.
Therefore, the colonization of the New World made Europe rich through the exploitation of the resources of the conquered lands, increasing the supply of raw materials and reducing the scarcity of society.
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We can actually deduce here that based on the change in demand in the apple market, price and quantity will change in such a way that the price and quantity will increase.
<h3>What is change in demand?</h3>
Change in demand actually refers to the way that the demand on goods and services change as result of price increment or decrease or other factors.
We see that if the demand for apples increase as a result of the additional health benefits, the price and quantity will also increase.
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