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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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With the annual demand of 2,400 units, daily demand of 10 units, and daily production rate of 40 units, a company has determined
Inga [223]

Answer:

C. 30

Explanation:

given that:

Daily demand = 10 units

Starting Inventory Level = 40 units

Inventory Level at the end of the day if production starts = 0

The number of units that would actually be there in the warehouse at the end of first day of production  = 40 units - 10 units

                                                       = 30 units

Therefore, There will be 30units in the warehouse at the end of the first day of production.

3 0
3 years ago
The time horizon of the demand curve is one determinant of the price elasticity of demand.If the price of gasoline is relatively
Genrish500 [490]

Answer:

more

Explanation:

we know that here Price Elasticity of demand  is express as

Price Elasticity of demand = PercentageChange is quantity demanded ÷ PercentageChange in price    ...........................1

so that, Demand for gasoline is more elastic in the long run than in the short run because in the long run people can change their preferences and choices.

3 0
3 years ago
Which best describes the difference between economic and social policies?
Alex17521 [72]

Answer:

4. Economic policies manage taxes, while social policies provide public assistance.

Explanation:

Social policy:

    The services like social service ,wale fare states are the social policies .These policy are usually within  a political setting or governmental setting.

Economic policy:

These are the policies which sets levels of   government budget,  interest rates, money management and national ownership.Like collection of taxes.

So the option 4 is correct.

4. Economic policies manage taxes, while social policies provide public assistance.

5 0
3 years ago
Read 2 more answers
Why would the Fed intentionally use contractionary monetary policy to reduce real GDP?
Nana76 [90]

Answer:

C. The Fed intends to reduce inflation, which occurs if real GDP is greater than potential GDP

6 0
3 years ago
Martha and Lew are married taxpayers with $400 of foreign tax withholding from dividends in a mutual fund. They have enough fore
DedPeter [7]

Answer: they should claim a deduction for foreign taxes on their Schedule A?

Explanation: An itemized deduction is an expenditure on eligible products, services, or contributions that can be subtracted from adjusted gross income (AGI) to reduce your tax bill.

Most taxpayers have the option to either itemize deductions or claim the standard deduction that applies to their filing status.

5 0
4 years ago
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