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yaroslaw [1]
2 years ago
11

That is it called when you give up something to have something else

Business
1 answer:
KengaRu [80]2 years ago
5 0

When you have to give up one thing in order to get another this is called a <u>Tradeoff</u>.

<h3>Why do we have tradeoffs?</h3>
  • As a result of scarcity, the resources available to us are not enough for all our needs and wants.
  • We are forced to choose between needs and wants that will be satisfied.

Tradeoffs therefore lead to opportunity costs because we would be giving up the benefits of the alternative to the option we chose.

Find out more on tradeoffs at brainly.com/question/7072776.

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A monopolistically competitive firm has excess capacity in the long run. This means that it: Group of answer choices produces le
jarptica [38.1K]

Answer:

It means that it produces less than the output at which the average total cost is minimized

4 0
3 years ago
Vince’s Vehicle Repairs has a gross profit margin of 60% and a net profit margin of 22%. Turnover was £180000. Calculate:
sammy [17]

Answer:

Vince's Vehicle Repairs

The Cost of Sales is:

= $72,000.

Explanation:

a) Data and Calculations:

Turnover = $180,000

Gross profit margin = 60%

Net profit margin = 22%

Gross profit margin = Gross profit/Turnover * 100

60% = Gross Profit/$180,000 * 100

Therefore, the Gross Profit = $180,000 * 60%

Gross Profit = $108,000

Cost of sales = Turnover - Gross profit (100% - 60%)

Cost of sales = $180,000 - $108,000

= $72,000

Alternatively, Cost of Sales:

= $180,000 * (100% - 60%)

= $72,000

5 0
3 years ago
_______ requirements describe the dependability of a system such as service outages and incorrect processing.
jekas [21]
<span>Reliability requirements describe the dependability of a system such as service outages and incorrect processing.
in FURPS+ acronym, R stands for reliability in which we check for system failures predictable, accuracy, recoverable etc.
F stands for functionality, u stands for usability, R for reliability, P for performance, S for supportability and Plus for other constraints. Robert Grady of HP devised this FURPS+ acronym.
</span>
7 0
3 years ago
nformation taken from a Sears, Roebuck and Company annual report follows. December 31 Long-Term Debt ($ in millions) Year 2 Year
cestrela7 [59]

Answer:

The interest expense company recorded during Year 2 on the 7% debentures is $27,535,600

Explanation:

As the interest expense is different from the interest payment made on the debenture. It also includes some other costs. Effective interest rate includes the effects of all related costs of debentures. So the interest expense of a debenture will base the effective interest rate of the debenture.

We can calculate the Interest expense on 7% debtures as below

Interest Expense = Value of Debenture x Effective interest rate

Interest Expense = $188,600,000 x 14.6%

Interest Expense = $27,535,600

5 0
3 years ago
Which country has a Gross Domestic Product of about 8.5 trillion dollars?
horsena [70]
The answer would be : B. China

Japan has a  4.92 trillion Dollars of Gross Domestic Products
United states has a 16.77 trillion dollars worth of Gross Domestic Products
and
Russia has a 2.097 trillion dollars of Gross Domestic Products

That leave China as the correct answer
8 0
3 years ago
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