Answer:
The Concept of Opportunity Cost
Explanation:
An opportunity cost is the cost associated with choosing to enjoy a particular benefit or pursue a particular venture at the expense of enjoying the benefit of its best alternate choice. In other words, when you enjoy the benefits of action A, the opportunity cost is the potential benefit of action B that one had to give up to achieve action A.
According to the question, money and resources devoted to war on terrorism represents the choice of the nation and the benefits maybe that the country is free from terrorist attacks. However, the opportunity cost is that the benefit of freedom from terrorist attacks comes at the expense of goods that could have been produced if the country should choose to pursue production of goods.
Explanation:
make a list of items in top priority
enumerate the most important
Answer:
Percentage change in quantity= 2.3%
Explanation:
Price elasticity is define as a measure of responsiveness of quantity demanded to changes in price.
When price is highly elastic there is large change in quantity demanded to small change in price. While when it is inelastic quantity demanded is less responsive to changes in price.
Mathematically
Price elasticity= percentage change in quantity / percentage change in price.
2.3= percentage change in quantity/0.01
Percentage change in quantity= 2.3* 0.01
Percentage change in quantity= 0.023= 2.3%
An investor purchased 10 go bonds at a discount of 2 points per bond. the bonds mature in 10 years. after holding the bonds for 5 years, they were sold at par. for tax purposes, the investor has a $100 gain.
The cost per bond is $980. The accretion amount each year is $20. $20 ÷ 10 years = $2 per year. $2 per year × 5 years = $10 per bond accretion, making the adjusted cost basis $990 per bond.
When the bonds are sold at par ($1,000), there is a profit of $10 per bond × 10 bonds, which equals a $100 gain.
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