According to the law of demand, if all else remains equal, as the price of a good becomes lower, then the quantity demanded of the good will increase.
The law of demand states that the quantity which is purchased by a customer varies inversely with price. So when the price is higher, the lower the quantity demanded is and vice versa.
So the law of demand defines the relationship between the price of a product and people's willingness to either buy a product at a given price or not.
Hence, the law of demand tends to explain the consumer choice behavior when the price changes.
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A number of people who work on similar tasks or follow the same procedures is called a:________
A group of persons that carry out the same tasks or adhere to the same protocols is referred to as: Process (work)
division of labor
It is defined as the partition of a work process into a number of tasks, each of which is carried out by a different individual or group of individuals. It is one of the fundamental organizational principles of the assembly line and is most frequently used in mass production systems.
Eliminating needless motion and limiting the handling of various instruments and parts are two benefits of breaking work down into simple repetitive operations. Because of the resulting decrease in manufacturing time and the opportunity to replace experienced workers with less-paid unskilled ones, production costs are reduced, making the finished product less expensive.
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The annual real estate tax on a duplex house is $20949 and the owner sells the house after 8 months of the tax year. how much of the annual tax will the seller pay? how much will the buyer pay?
The answer is $10,492.50. Overall, homeowners spend the most on property taxes in New Jersey, which has some of the most elevated effective tax rates in the country.
Property Taxes by StateThe state's average practical rate is 2.42% of a home's value, approximated to the national average of 1.07%.
Both the seller and buyer one the duplex for six months per; 1/2 of the year for the seller, and 1/2 for the buyer. Thus, without any other requirements of the purchase agreement, they each equally convey the annual tax bill of
$20,985 / 2 = $10,492.50
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During an evacuation it is imperative that the employer gives someone the task of?
During an evacuation, it is imperative that the employer gives someone the task of accounting for all the employees.
Whenever we have identified the task of all the possible sources of an emergency situation then there the next step is to create a detailed response and major evacuation plans that will be describing how employees will respond to each upcoming specific hazard. These procedures should be taken the layout as well as the structural features of the workplace into account along with many automated emergency systems which we may install.
Employers who own responsibility and operate more than one worksite should be creating a separate EAP for each location to ensure that every evacuation routes are accurate and in up-to-date condition. Remember that emergency preparedness is an ongoing process and it is why employers should be continuously reviewing the response plans and updating their policies if the identification of new hazards takes place.
We may want to consider the designation of an assembly location and those procedures after an evacuation to account for all employees. A secured on- or offsite location is enabled to store either originals or duplicate copies of accounting records, legal documents, emergency contact lists, and other essential records.
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On april 1, 2021, beatty stock closes with a market value of $8.98 per share. how many shares of stock, rounded to the next whole number, must it issue to the former owners of gataux?
On April 1, 2021, Beatty's stock closes with a market value of $8.98 per share. how many shares of stock, rounded to the next whole number, must it issue to the former owners of gateaux, Beatty will record $ 26,345.00 as its Investment in Gateaux.
A business owner is a person who controls the operational and financial aspects of a business. A business that produces and sells goods and services for profit. B. An e-commerce store or freelance writer is considered a business.
For example, a landlord owns the land, a shipowner owns a ship, and a homeowner owns a house. CollinsDictionary.com defines the term this way: "The owner of something is the person who owns it." , group, corporation, or government) and a person. object. Objects can be physical. B. Furniture, or is entirely a creature of the law, etc. B. Patents, Copyrights, or Annuities. Sometimes it moves like an animal, sometimes it doesn't move like the land.
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True or false: raw data without knowledge of the business context is still useful
Raw data without knowledge of the business context is still useful. This statement is false.
In most cases, the term "raw data" refers to data tables with each row containing an observation and each column denoting a variable that characterizes a characteristic of each observation. This type of data is also known as flat data, primary data, atomic data, clean data, and unit record data.
It is uncommon to save data in this format for purposes other than data analysis, despite the fact that it is often necessary for data analysis. This is because it is neither a space-efficient format nor an efficient format for data entry. Since it is deliberately created to be in this format, it is normally retrieved by extracting a data file that is in that format.
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Microeconomic models can be very useful for individuals, governments, and firms in making decisions because they?
Microeconomic models can be very useful for individuals, governments, and firms in making decisions because they: Allow decision makers to make predictions. People place a higher value on a good if they own it than if they are considering buying it.
A government is a system of organization for a country, state, or other political entity. Governments are responsible for creating and enforcing social, defense, foreign policy, economic, and public service rules. A political organization that governs a state or country. The definition of government is the exercise of control or power over a group of people. An example of a government is the UK Parliament.
Definition: A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber form. All products are made at a price and sold at a price. The price that can be calculated depends on the market, quality, marketing and target segment. A product is an item or service that you sell to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).
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Manufacturing overhead ______. multiple select question.
a. contains fixed costs
b. consists of many different types of costs
c. is an indirect cost
d. is directly traceable to units produced
Answer:
B. consists of many different types of costs
Manufacturing overheads is such cost that consists of many types of costs, and is also directly traceable to the number of units produced. Therefore, the options B and D hold true.
What is the significance of manufacturing overheads?Manufacturing overheads can be referred to or considered as the overheads that are incurred by a producer in the process of manufacturing the units to be sold in the business. These costs are incurred for the purpose of profit-making.
The overheads of manufacturing consist of different types of costs, and division of the incurred overheads by the total manufactured units will give an idea of the per-unit cost for the firm.
Therefore, the options B and D hold true and state regarding the significance of manufacturing overheads.
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How the firm raises the money required for its investments and operations is known as the:_______
How the firm raises the money required for its investments and operations is known as the Financing Decision.
What role does the cost of capital play in the firm's long term investment decisions?
Businesses and investors can evaluate all investment options with the help of the cost of capital. By keeping it discounted, it accomplishes this by converting future cash flows into present value. Making important business budget decisions that employ company financial resources as capital can be aided by understanding the cost of capital.How do you describe a company's capital structure?
The capital structure of a corporation is encapsulated by the debt-to-equity ratio (D/E ratio). Entire debt is divided by total equity to arrive at the ratio. A greater ratio indicates that a corporation borrows more money to fund its operations, and vice versa.Learn more about Financing Decision
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Macroenvironment forces can have an impact on an industry's performance. which of these forces might be an explanation for the growth of the craft beer strategic group?
The explanation that would be responsible for the growth of the craft bear strategic group would be The social forces of millennials as they seek to express individuality through their beer choice
What is a macroenvironment?The term that would be used to refer to the major external forces that would act as the factors that can help the firm when it is making its decisions in the business. This is the social, legal and the cultural factors that have the ability to influence such.
The forces of the millennials that have the ability to show their individuality through the choice of beer that they have, has had a significant influence in the beverage industry.
These people have been able to express their desires more openly and this has provided the growth that the craft beer needed in the industry.
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complete question
Macroenvironment forces can have an impact on an industry's performance. Which of these forces might be an explanation for the growth of the craft beer strategic group?
Oa. Technological forces making it more expensive for companies to get into the beer industry
Ob. Political and legal forces limiting access to alcohol
Oc. The social forces of millenials as they seek to express individuality through their beer choice
Od. Aging population of baby boomers who are loyal to their beer brand
Forecasts projecting that resources such as oil, trees, and farm land will be depleted have been incorrect primarily because they have failed to account for?
Forecasts projecting that resources such as oil, trees, and farm land will be depleted have been incorrect primarily because they have failed to account for: The role of prices:
Briefing :If the supply of a resource decreases and it becomes more valuable, its price will rise, increasing the incentive to both conserve the resource and find more of it.
What is Forecasts Projecting?Forecasting is advantageous to businesses because it enables them to make more informed business decisions and implement data-driven initiatives.
Financial and operational decisions are made in light of current market conditions and anticipated future market conditions.
Many businesses interchange forecasts and projections; yet, these two financial estimations are not the same. In contrast to a projection, a forecast focuses on the most likely outcomes.
Forecasting lays the groundwork for collaborative work and improves coordination, cooperation, and control within the organization. Forecasting appropriately weighs and studies future prospects, stability, and disparities. This assists management in removing any impediments that may arise during management.
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Laban works at a cannery and food factory. he often hears of the food and drug administration and how the factory needs to follow its standards. What does the fda do? choose all that apply.
Infants should have their chest compressed to at least 1.5 inches, or one third, of their chest's depth (4cm). CPR is necessary for a victim who is not breathing normally and has no pulse. Compression-to-ventilation ratio for adult CPR performed by two rescuers is.
Personnel must include those with the requisite professional training to ensure the competent execution of all industrial processes.
For adults, the recommended minimum depth of chest compression is 5 cm (2 inches). A child's compression depth should be at least one-third their chest size, or 5 cm for kids and 4 cm for babies. Why? For newborns and kids, there is a wide selection of victim sizes.
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A monthly sales report produced by an information system would be an example of a(n)?
A monthly sales report produced by an information system would be an example of a(n) output activity.
A system is a group of interacting or interconnected elements that act according to a set of rules to form a unified whole. Systems surrounded and affected by the environment are described by their boundaries, structure, and purpose and expressed in their function.
The definition of a system is a set of rules, arrangements of things, or a group of related things that work toward a common goal. An example of a system is the laws and procedures of a democratic government. An example of a system is how someone organizes their closet.
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The real rate is 3 percent and the inflation rate is 4.6 percent. what rate would you expect to see on a treasury bill?
The rate we would expect to see on a treasury bill is 7.74%.
What is a treasury bill?Treasury bills (also known as T-bills) have been short-term securities which mature with one year less than from the date they are issued. T-bills are purchased for less than or equal to their face value, and then when they mature, the Treasury pays the face value.
Now, as per the given question;
The current real rate is 3.0 percent.
The current inflation rate is 4.6 percent.
The fishers equation must be used to calculate the expected interest rate on a treasury bill.
1 + R = (1 + r)(1 + h)
As a result, the treasury bill rate can be estimated as follows:
1 + R = (1 + r)(1 + h)
The current real rate r = 3.0%
= 3.0/100
= 0.03
The h current inflation rate = 4.6%
= 4.6/100
= 0.046
Substituting the values in the formula;
R = (1 + r)(1 + h) - 1
= (1 + 0.03)(1 + 0.046)-1
= (1.03 × 1.046)-1
= 1.07738-1
= 0.07738×100
= 7.738%
R = 7.74%
Therefore, the expect treasury bill is estimated as 7.74%.
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How many people die in the government-regulated economy where the government-set price ceiling is p = $0?
A price ceiling is a cap on the highest price that can be charged for a good, commodity, or service that is established by the government or another party.
What is price ceiling?
A price ceiling is a cap on the highest price that can be charged for a good, commodity, or service that is established by the government or another party. Governments implement price caps allegedly to safeguard consumers from situations when commodities might become unaffordable.
A price ceiling occurs when the amount charged exceeds or falls short of the equilibrium price set by supply and demand in the market. Higher price ceilings have been proved to be counterproductive. In the housing rental market, it has been discovered that price ceilings are very significant.
The economics of regulation is known as regulatory economics. It is the application of the law by the state or its regulatory bodies for a variety of reasons, such as addressing market failure, preserving the environment, and managing the economy.
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Ironwood company had assets of $248,000 and liabilities of $160,000. during 2022, assets increased $28,000 and liabilities increased $7,200. what was stockholders' equity at december 31, 2022?
$340,000. stockholders' equity on December 31, 2022
$280,000 + ($375,000 - $285,000) - $30,000 = $340,000
Total Assets = Penalties + Owner's Equity
How to Calculate Current Liabilities.The equation must counteract because everything the firm owns must be purchased from debt (liabilities) and assets (Owner or stockholders equity). The owner's equity is computed by adding up all of the business assets and removing all of its liabilities.
To calculate current liabilities, you ought to add together all the money you owe lenders within the next year (within 12 months or less). Current liabilities contain current payments on long-term loans (like mortgages) and client deposits.
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__________, like research and development, that already occurred should not be part of cash flow analysis in the capital budgeting process.
Sunk Cost like research and development, that already occurred shouldn't be part of cash flow analysis in the capital budgeting process.
What is capital budgeting ?The procedure a company uses to assess potential big projects or investments is called capital budgeting. Before a project is accepted or denied, capital budgeting is important . samples of such projects include the construction of a new plant or a significant investment in a third party enterprise.
Even though they make up a very tiny fraction of a company's total assets, capital assets are typically long-term investments like new machinery, buildings, and software updates.Making decisions on the long-term investment of a company's capital into operations is completed through capital budgeting.
Capital budgeting includes planning the longer term returns on investments in machinery, land , and new technologies.
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If a comparable has one less bathroom than the subject, an adjustment is made by?
If a comparable has one less bathroom than the subject, an adjustment is made in terms of money. Something of worth or value that is either a loss suffered by the party making the promise or a gain obtained by the other party is necessary for the establishment of a legal agreement.
Valuable ConsiderationIn order to enter into a contract that is enforceable in court, consideration is necessary by contract law. For a contract to be formed, it is a necessary component. However, the definition of what is sufficient consideration is still up for controversy in the law. The phrase "valuable consideration" is commonly used in contracts and by courts to refer to payment adequate to support an enforceable agreement.
Typically, consideration takes the shape of a commitment to carry out a desired action or a vow to refrain from acting in accordance with one's legal rights. Therefore, in order to execute a promise, a party must have made a payment or assumed financial responsibility for doing so, delivered products, invested time and effort, or given up some other lucrative opportunity or legal privilege.
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You own 1/3 of a business and decide to sell 1/5 of your investment .How much will you own after you sell 1/5 of your stake expressed as a fraction,decimal and as a %?
You own 1/3 of a business and decide to sell 1/5 of your investment .How much will you own after you sell 1/5 of your stake expressed as a fraction,decimal and as a % 2/15%.
What is business?
An innovative company or group that engages in professional activities is referred to as a business. They might be industrial, commercial, or something else. Businesses that are for profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
Therefore,
You own 1/3 of a business and decide to sell 1/5 of your investment .How much will you own after you sell 1/5 of your stake expressed as a fraction,decimal and as a % 2/15%.
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The recommended period of time to quarantine a newly purchased bird is?
Answer: All non-U.S. origin pet birds must complete a 30-day federal quarantine in an AIC. If it is from the U.S. than 5 days is the recommended time
Explanation:
If $1,040,000 of 6onds are issued at 102.5, the amount of cash received from the sale is :________
a.$1,102,400.
b.$1,066,000.
c.$1,014,000.
d.$1,040,000.
Cash received from the sale of bonds= Face value of bond X Bond quote=
$1,40,000×102.5/100= $1,066,000
What is Face Value?The nominal or dollar value of a security, as indicated by its issuer, is referred to as face value in the financial context. The face value of stocks is the price at which they were purchased, as shown on the certificate. It is the sum, usually in $1,000 increments, that is paid to the bondholder upon maturity. Bond face values are frequently referred to as "par value" or just "par."
When investing in bonds, face value (also known as par value) refers to the sum that, provided the bond issuer doesn't default, is paid to a bondholder when the bond matures. But secondary market bonds are subject to interest rate fluctuations. Bonds are offered at a discount, for instance, if interest rates are higher than their coupon rate (below par).
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If the government levies a $1,000 tax per boat on sellers of boats, then the price paid by buyers of boats would:_______
The price paid by boat buyers would increase by less than $1,000 if the government imposed a $1,000 tax per boat on boat dealers.
What is meant by elasticity?Elasticity is the capacity of a distorted material body to regain its initial dimensions upon removal of the forces that caused the distortion. This capability is referred to as elastic behaviour (or response) in a body. When anything is stretched or squeezed, it can regain its original shape thanks to its elastic properties. A rubber, for instance, can quickly restore its shape after being stretched out significantly. Demand elasticity, income elasticity, cross elasticity, and price elasticity are the four different types of elasticity.
This is due to the fact that boats are a luxury commodity with a high elasticity of demand since they are susceptible to price changes. The seller will be responsible for paying the majority of the tax when it is applied on a good with an inflated price.
Any attempt to shift all of the responsibility to the buyers will significantly lower the quantity demanded and subsequently the seller's profit. In order to avoid this, the price will increase by less than the tax and the supplier will pass a smaller tax burden onto the purchasers.
Therefore, the price paid by boat buyers would increase by less than $1,000 if the government imposed a $1,000 tax per boat on boat dealers.
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social responsibility programme implemented by a business
Depending on the business and industry, corporate social responsibility
social responsibility is a broad term that can take many different shapes. Businesses can build their brands while contributing to society through CSR initiatives, charity, and volunteer work. However, before a company can be considered socially responsible, it must first be held accountable to itself and its shareholders. Companies that implement CSR initiatives frequently expand to the point where they can support the community. Therefore, CSR is often a technique that big businesses use. After all, a company has a greater need to provide an example of moral conduct for its associates, rivals, and industry the more visible and successful it becomes.
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The basis of strategic position through serving few needs of many customers is known as:_______
The basis of a strategic position by serving only a few needs of many customers is known as strategy.
The creation of a unique & valuable position is called strategy. This strategic position can be created through three sources. The first one is a few needs, many customers. the second one is by having broad needs and few customers and the third one is by having broad needs, and many customers.
Strategy requires a type of competing for the strategic position known as Trade-Offs competing. This requires the company to focus only on a few compatible strategies. With this method, the company will not follow more general strategies but focus its attention only on a specific strategy. So the company will try to implement a system that is independent and reinforces each of its activities.
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An investment adviser representative may describe dollar cost averaging to a customer as:______
To buy a certain security using dollar cost averaging, an investor must make regular payments (let's say monthly) of a set dollar amount (let's say $100 per month).
What is dollar cost averaging?The practice of investing a set dollar amount on a regular basis, independent of the share price, is known as dollar cost averaging. It's a terrific method to form a disciplined investing habit, increase your investment efficiency, and possibly reduce your stress—as well as your expenses.
Say you put $100 away each month. Your $100 will buy fewer shares when the market is up, but more shares when the market is down. While compared to what you would have paid if you had purchased all of your shares at once when they were more costly than the average, this technique may eventually lower your average cost per share.
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Far ahead of her time, around 100 years ago, mary parker follett anticipated some of today's workplace trends, such as?
Self-managed teams and worker empowerment is the today's workplace trends which was anticipated by Mary Parker Follett theory of management far ahead of her time, around 100 years ago.
What is Mary Parker Follett theory of management ?
Follett's organizational theory is focused on the individual as well as how autonomy can encourage workers to collaborate. Follett drawn attention to a people-oriented management approach much earlier than most.
Follett approached management theory from a unique perspective. She started working as a social worker in one of Boston's less wealthy neighborhoods not very long after she graduated. Follett began to organize social and educational organizations after realizing the negative effect that a lack of community space is having on those nearest to her. This marked the beginning of her exploration into group dynamics.
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Brenda says her assets are definitely greater than her liabilities. which explains whether brenda is correct? brenda is correct because she has five assets and only three liabilities. brenda is correct because all the items should be in the assets column of the balance sheet. brenda is not correct because the total value of her assets could be less than the liabilities. brenda is not correct because she needs to list more liabilities.
Brenda is not correct because the total value of her assets could be less than the liabilities.
What are liabilities?A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.
Assets can be contrasted with liabilities. Assets are items you own or owe money to, whereas liabilities are debts or other obligations.
An obligation between two parties that has not yet been fulfilled or paid for is generally referred to as a liability.
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Answer:
The answer is C. Brenda is not correct because the total value of her assets could be less than the liabilities.
Explanation:
_____ involves broadening the scope of a job by expanding the number of different tasks that are performed.
Job enlargement involves broadening the scope of a job by expanding the number of different tasks that are performed.
What is Job enlargement?
Job enlargement is defined as adding new duties to an existing role that are on the same level. This implies that a person's current profession will require them to perform more and diverse tasks. For instance, a worker who will now handle her own plans instead of having her manager do it. Along with job enlargement, task rotation, and job simplification, job enlargement is a crucial method in job redesign.Job enrichment and job enlargement are sometimes confused. There is, nevertheless, a clear distinction. Employment expansion seeks to widen one's job to make it more interesting and motivating.Undoubtedly, one of the most well-known ways to add variation to a job enlargement is to expand it.To know more about Job enlargement visit:
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The number of sellers or competitors in a market is a determinant or shifter of the___curve.
The number of sellers or competitors in a market is a determinant or shifter of the supply curve.
Who is a seller?A seller can be defined as a person selling their goods or services to the people in the market. A seller can be an individual, a wholesaler, or an enterprise.
The change in the supply curve can be defined as the relation between the price of the commodity and the number of suppliers.
As a new competitor or new supplier enter the market, there will be a consequence ship in the supply curve, and they change the moment from the upward and the downward slope.
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The amount of interest paid on bonds is calculated by multiplying ______ of the bonds with the ____ rate.
The amount of interest paid on bonds is calculated by multiplying face amount of the bonds with the stated rate. The money lent to the borrower, or issuer, of a bond is known as the principal, and the interest paid on a bond is recompense for that money. At bond maturity, the principal is returned to the bondholder.
Simply multiply the bond's face value by its annual coupon rate to determine the annual coupon payment for the bond. This means that if a bond has a face value of $1,000 and a 10% yearly coupon rate, the annual coupon payment will be $100.
Bonds pay interest to the investor; equities give dividends. You can choose the greatest investment strategy for your money by being aware of the differences.
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If the production of wheat increases from point b to point a, what is the opportunity cost?
55 ton(s) of steel
(With an increase in wheat from point B to point A (75 to 90 tonnes of wheat), the production of steel decreases from 75 to 20 tons of steel, thus the opportunity cost is 55 tons of steel.)
According to the law of growing opportunity cost, the cost of manufacturing the next unit rises as you keep up with production of a given good. This happens as a result of reallocating resources to create a good that was more suitable to create than the initial good.The benefit you forgo while deciding on one course of action over another is known as the opportunity cost. The following method can be used to calculate the opportunity cost of selecting one investment choice over another: Opportunity Cost is calculated as Return on the Most Profitable Investment - Return on Investment Pursued.People are less likely to choose the same option when the opportunity cost of that option rises. Making a marginal choice between purchasing an additional apple or banana is an example of a marginal decision.The value of the next best option or alternative is known as the opportunity cost. This worth may or may not be quantified in monetary terms. Value can also be assessed using different metrics, such as time or happiness. The ratio of what you give up to what you get could be used as a formula to determine opportunity costs.To learn more about Opportunity Cost visit:https://brainly.com/question/3611557
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