The circular flow model shows how companies operating in product markets give families the products and services they require.
What do businesses need to know about the circular flow concept?Businesses produce income by exchanging goods and services for cash, or in this case, income. In the resource marketplaces, companies buy things. With the money they receive from the sale of their products and services, businesses invest in land, labor, and capital in the market for resources.
Do businesses fulfill supply or demand?According to the rule of supply, businesses expand their supply of goods and services when prices rise because they stand to gain financially. According to the law of demand, fewer consumers make purchases as prices rise. A free market should, in theory, strive towards a quantity and price equilibrium where demand and supply converge.
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that countries should simultaneously encourage exports and discourage imports?(a)free trade(b)capitalism(c)new trade(d)mercantilism(e)socialism
Mercantilism is an economic theory that advocates increasing exports while decreasing imports in order to acquire wealth and establish a strong economy.
What is mercantilism?Mercantilism is an economic philosophy that was prevalent from the 16th through the 18th centuries. It argues that a country's wealth is defined by its stock of gold and silver, and that the greatest method to create wealth is to maximise exports and limit imports. Mercantilist policies included government interference in the economy, such as tariffs on imports, export subsidies, and laws that favoured domestic producers over foreign companies. The goal was to maintain a favourable trade balance and accumulate a significant store of precious metals. Mercantilism was widely adopted by European nations, but it has since been discredited and replaced by more modern economic ideas such as classical economics and free trade.
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an organization's blank is what an organization actually does, including the products and services it plans to provide and the markets in which it will compete. multiple choice question.
An organization's activities include the goods and services it intends to offer as well as the markets it intends to compete in. Mission is the answer.
Which takes into account planning and judgment while creating the group's strategic objectives and plans.Planning and decision making that go into creating an organization's strategic objectives and plans are included in strategy formulation. Implementing a strategy includes all the steps required to carry out all the strategic plans. Placing objective Forces before the actions is, in essence, strategy formulation.
What three categories of organizational planning are there?The strategic, tactical, and functional plan types can all be used by managers to assist them accomplish the objectives of their organizations. Operational plans help tactical plans get accomplished, which helps strategic plans get accomplished.
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does a higher per capita gdp correlate to a higher epi? or does a country's per capita gdp have nothing to do with its epi?
Higher scores on the Environmental Performance Index (EPI) are correlated with higher GDP per capita.
Environmental Performance Index (EPI): What is it?A way to measure and numerically identify the environmental performance of a state's policies is through the Environmental Performance Index (EPI). In order to complement the environmental goals outlined in the United Nations Millennium Development Goals, this index was created from the Pilot Environmental Performance Index, which was originally released in 2002.
The Environmental Sustainability Index (ESI), which was issued between 1999 and 2005, came before the EPI. The World Economic Forum and the Joint Research Centre of the European Commission worked with Yale University's Yale Center for Environmental Law and Policy and Columbia University's Center for International Earth Science Information Network to create both indexes.
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the marginal cost of an activity can be found by calculating the change in: multiple choice question.
Option a is correct. The marginal cost of an activity can be found by calculating the change in the total utility of when your activity level increases by 1 unit.
In economics, marginal cost is the change in total cost of production resulting from the manufacture or production of one additional unit. The purpose of marginal cost analysis is to determine at what point an organization can achieve economies of scale and optimize production and overall operations. If the marginal cost of producing additional units is lower than the price per unit, the manufacturer has an opportunity to make a profit.
Marginal cost is an important concept in business accounting because it helps an organization optimize production through economies of scale.
Fixed costs are constant regardless of production volume, so the higher the production volume, the lower the fixed cost per unit. This is because the total is spread over more units.
Variable costs vary with production level, so as you produce more units, your variable costs also increase.
Businesses should consider when increased production will lead to increased costs due to changes in assortment (eg, the need for additional machinery or storage space).
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The complete question is:
the marginal cost of an activity can be found by calculating the change in: multiple choice question.
a. total utility
b. opportunity cost
c. total cost
d. variable utility
g for the fiscal year ended september 28, 2019, what amount is credited to income summary to summarize its revenues earned?
On the company's On the company's balance sheet's liability side, it is represented as a portion of owner equity.
What is a formula for a revenue summary?Revenues - Expenses = Net Income is the basic formula for an income statement. This easy equation demonstrates whether the business is profitable. Profitability of a business is determined by revenues vs expenses.Determine the total amount of cash and cash equivalents for the fiscal years that ended on September 28, 2019, or September 29, 2018, respectively. For the fiscal years ending September 28, 2019, and September 29, 2018, respectively, cash and cash equivalents totaled $269.5 billion and $269.1 billion.On the company's balance sheet's liability side, it is represented as a portion of owner equity.To learn more about balance sheet's refer to:
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unanticipated inflation: a increases certainty about the future. b reduces the value of money. c helps lenders. d harms borrowers. e increases the value of current wages.
Consequence of unanticipated inflation are: It reduces the value of money and It increases uncertainty about the future. The correct option is B.
It will be necessary to redistribute income and wealth in the event of unexpected inflation.
Due to the fact that certain earnings and salaries rise faster than the price level while others rise more slowly, there is a redistribution of income.
The occurrence of inflation in a nation as a result of natural disasters or economic instability is an example of unforeseen inflation.
The cost of products and services will rise throughout the nation, making them more expensive for consumers.
Variable inflation, which is unstable and the prolonged rise in the level of prices that was not anticipated, is the definition of unexpected inflation, in contrast.
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the management function that takes us from some current state to a desired future state is question 5 options: controlling. directing. organizing. planning. staffing.
The management function that takes us from some current state to a desired future state is planning.
What is management function?
Management function is a process of managing the resources, processes, and systems of an organization. It involves planning and setting goals, organizing resources, leading and motivating personnel, and controlling and evaluating results. It also involves analyzing the external environment to identify opportunities and threats, and taking actions to capitalize on opportunities and to minimize or eliminate threats. Management functions are the activities and processes used to ensure that organizational objectives are achieved. These activities include planning, organizing, leading, and controlling. Effective management functions are essential for any organization to achieve success.
Planning is the management function that helps to take us from some current state to a desired future state. It involves setting goals and objectives, developing strategies, and establishing tactics to achieve the desired outcomes.
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If more and more countries__
If more and more countries are similar. Because consumers may purchase the same goods everywhere in the globe, nations are becoming more and more alike.
Why are nations getting more and more alike?Because consumers may purchase the same goods everywhere in the globe, nations are becoming more and more alike.The ability to purchase the same thing for any product everywhere in the globe has caused societies to become more and more similar. It is true that the incredible advancement of technology has created a world community. Anywhere in the world, people may easily and swiftly obtain the content they want.The two nations with the highest country similarity scores worldwide are Qatar and the United Arab Emirates. They are quite similar in terms of geography, governance, infrastructure, and demography.To learn more about nations refer to:
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a firm decides to pay for a small investment project through a $1 million increase in short-term bank loans. this is best described as an example of a(n):
a firm decides to pay for a small investment project through a $1 million increase in short-term bank loans. this is best described as an example of a(n): financing decision.
The study of money, money systems, and capital assets is a part of the discipline of finance. It is related to economics, but they are not the same. Economics is the study of the creation, transfer, and consumption of money, assets, goods, and services (the discipline of financial economics bridges the two). Since financial systems enable a wide range of financial activities, the field of finance may be broadly divided into three categories: private, public, and corporate.
Assets like cash, loans, bonds, shares, stocks, options, futures, etc. are bought, sold, or exchanged as financial instruments in a financial system. To improve value and reduce loss, assets can also be banked, insured, and invested in.
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an active member of the armed forces is deployed to michigan. her husband, juan, who is a licensed broker in texas, moves to michigan to join her. if juan wants to continue his career selling real estate in michigan, the department can
If Juan wants to continue his career of selling real estate in Michigan, the Department can waive Juan's licensing fee.
A broker is a person who facilitates the transactions between sellers and buyers; like a trade middleman that ensures that the transaction will run smoothly. They need a license to conduct their business, which come with a fee that has to be paid.
Several states can waive the licensing fee for their active duty members and their spouses. Texas, for example (same with the case in question), cover ONLY the fee of military members and spouses that is in the process of relocating to it.
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What did Alexander Hamilton want for the economy?
Hamilton advocated for a federal charter for a national financial institution as part of his plan to restructure the American economy. A Bank of the United States was his suggestion.
What was the economic objective of Alexander Hamilton?In Hamilton's proposal, the federal and state debts would be paid off by the government. He demanded that the government acquire all of the bonds issued before 1789 by the federal and state governments. Then, he intended to issue fresh bonds to settle the previous debts.
What three points made up Hamilton's economic strategy?The elements of Hamilton's particular financial strategy were: government obligations incurred during the war. financing for the government's operations. Concentrate on business and industry
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The entry to record the acquisition of raw materials on account is a. Work in Process Inventory Accounts Payable b. Manufacturing Overhead Raw Materials Inventory Accounts Payable c. Accounts Payable Raw Materials Inventory d. Raw Materials Inventory Accounts Payable
The entry to record the acquisition of raw materials on the account is the Raw Materials Inventory Accounts Payable. option [d] is the correct answer for the above statement.
What examples exist for raw materials inventory?
Input commodities or inventory are known as raw materials, and they are what a business needs to make its products. Steel, oil, corn, grain, fuels, wood, forestry materials, plastics, coal and gas, uranium, and minerals are a few examples of raw materials.
The Raw Materials Inventory Accounts Payable entry is used to document the purchase of raw materials on the account. The appropriate response to the preceding assertion is an option [d].
Therefore, The input data material for the production of the work-in-progress inventory and finished products are referred to as the raw material inventory.
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In a competitive market, the price of the product is:
a. independently set by each competing seller.
b. set by the market leader and then copied by other sellers.
c. jointly set after a meeting of all sellers in the market.
d. set by market supply and demand.
The equilibrium price exists in a market with competition.At this price, supply (S) and demand (D) are equal.
What do pricing in a cutthroat market mean?In a market where there is competition, suppliers compete against one another to sell their goods, while consumers bid against one another to buy the goods.The price of the commodity is determined by this competition between buyers and suppliers.Supply and demand is the term for it.
What occurs to pricing in a market that is competitive?Due to competition, buyers and sellers may be forced to lower their prices.A market equilibrium known as a competitive equilibrium, in which both sellers and buyers are price takers, is determined by the interaction between supply and demand.In a competitive equilibrium, prices and quantities adjust in response to changes in supply and demand.
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if the quantity of big macs demanded falls from 2.0 million to 1.6 million as the price of whoppers falls from $1.40 to $.80, the cross-price elasticity of demand for big macs is:
if the quantity of big macs demanded falls from 2.0 million to 1.6 million as the price of whoppers falls from $1.40 to $.80, the cross-price elasticity of demand for big macs is 0.4.
What is cross-price elasticity?Cross-price elasticity quantifies how responsive a product's demand is to changes in a related product price. Some products on the market frequently have connections to one another. This could imply that the demand for a product can be favourably or negatively impacted by a product's price change. The cross elasticity of demand, also known as the cross-price elasticity of demand, in economics quantifies the relationship between the percentage change in the quantity of a commodity sought and the percentage change in the price of another good, ceteris paribus. The cost of milk is one such example. People might switch to 2% milk if full milk prices rise. Similar to how whole milk gets more popular as 2% milk prices go up.
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the reason that the law of demand exists is that: question 28 options: a) people always follow the law of the land. b) specialization leads to an increase in a person's standard of living. c) a higher price never reduces demand enough to lower producer's profits. d) people substitute cheaper products for more expensive products.
The reason that the law of demand exists is: D) "people substitute cheaper products for more expensive products".
The law of demand states that there is an inverse relationship between the price of a good and the quantity of it that consumers are willing and able to buy. This means that as the price of a good increases, the demand for it decreases, and vice versa. The reason that this law exists is because people have limited budgets and will often substitute cheaper products for more expensive ones.
This results in a lower demand for the more expensive product and an increased demand for the cheaper substitute. The law of demand forms a fundamental principle in economics and helps to explain consumer behavior and market dynamics.
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true or false: product-service bundling occurs when a firm adds a service activity to a product. true false question. true false
Product bundling is defined as combining the sales of several products or services into a single unit, hence the statement "product-service bundling occurs when a firm adds a service activity to a product." is true.
Service or product Bundling is the sale of many products or services as a single unit. Bundling is available in many areas, including telecommunications, health care, information, etc.
Companies use bundle pricing to sell a package or set of goods or services for a lower price than they would charge if the buyer purchased them all separately. Using a package pricing plan helps you to maximize your profit while providing a discount to your clients.
Product bundling works well for high-volume and high-margin products.
When a consumer is offered the option of purchasing the entire bundle or one of the separate elements of the bundle, this is known as pure bundling. Mixed bundling occurs when the consumer is given the option of purchasing the entire bundle or one of the separate portions of the bundle.
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from what state to what state, did competition with japanese imports and the opening of new assembly plants in lower-wage countries cause manufacturing job losses?
Answer:From Massachusetts to Wisconsin
Explanation:
what percentage of the ads produced no clicks? (cell should be formula and use percentage format) g
Formula to calculate the percentage:
=(no. of ads with no clicks / total no. of ads) × 100
To calculate the percentage of ads that produced no clicks, you would need to divide the number of ads with no clicks by the total number of ads, and then multiply the result by 100 to get a percentage.
Assuming you have the data for the number of ads with clicks and without clicks, you can use the following formula to calculate the percentage:
=(no. of ads with no clicks / total no. of ads) × 100
Make sure to format the cell as a percentage using the percentage format.
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management can best be defined as . a. people working together to achieve a set of goals b. the set of processes used to get members of the organization to work together c. achieving organizational goals in an efficient and effective manner d. making the right decisions and successfully implementing them e. the ability to be reliable and complete all tasks in a timely manner
Our definition of management is a method for achieving organisational objectives. A process is a collection of ongoing, connected operations.
Who provided the most accurate management definition?
"Management is a multifunctional organ that oversees work, business, managers, and employees." Peter F. Drucker provided this definition of management in The Practice of Management. The process of achieving organisational goals while utilising both human and non-human resources to continuously increase the value delivered to society is referred to as management. Management as a practise or talent: the act of directing or controlling something (such as a business) New owners managed the company better, using sensible ways to achieve their goals.
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which of the following is not a type of qualitative forecasting? a) delphi techniques b) consensus panel c) grassroots forecast d) heuristic
The Heuristic forecasting comes up with a workable solution within a specified time period, it is not a type of qualitative form of forecasting. The correct answer is option d.
Heuristics is a method of problem-solving where the goal is to come up with a workable solution in a reasonable amount of time. Heuristic techniques strive for a rapid solution that is within an acceptable range of accuracy rather than a flawless solution. The objective is to provide a heuristic method for forecasting time-series models. Heuristics are tactics that have been developed from prior encounters with challenges that are comparable.
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all individuals and firms in a country must gain from trade in order for it to be beneficial to the nation. group of answer choices true false
All individuals and firms in a country must gain from trade in order for it to be beneficial to the nation. This statement is false.
Do Individuals and Firms Must Gain From Trade?The given statement “all individuals and firms in a country must gain from trade in order for it to be beneficial to the nation” is false because trade is not the only economic sector that can be used by individuals or a company to be beneficial for his country. Trade is indeed the most common economic sector to run because of differences in resources between countries. However, individuals or companies working in other fields, such as arts, and energy, to organizers can also be very useful for a country.
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why is the amount of underapplied (overapplied) manufacturing overhead different from requirement 2 above?
The correct option is A. The change in the estimated total amount of the allocation base affected the predetermined overhead rate.
Overhead refers to the continuing expenses to function a commercial enterprise however excludes the direct fees related to growing a products or services. Therefore, overheads cannot be right now associated with the products or offerings being presented, thus do not directly generate earnings.
In business, overhead or overhead price refers to an ongoing price of operating a business. Overheads are the expenditure which can't be comfortably traced to or identified with any precise revenue unit, not like working charges which include uncooked fabric and hard work. However, overheads are nevertheless critical to business operations as they provide critical aid for the business to carry out income making activities. As an example, overhead expenses including the hire for a manufacturing facility lets in workers to manufacture merchandise which could then be bought for an income. Such fees are incurred for output generally and no longer for unique work order; e.g., wages paid to look at and ward personnel, heating and lighting fixtures expenses of manufacturing unit, and many others. Overheads are also a very critical cost element at the side of direct materials and direct exertions.
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Complete Question:
Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above? (Select all that apply.)
A). The change in the estimated total amount of the allocation base affected the predetermined overhead rate.
B). The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied.
C). Actual manufacturing overhead cost differs from period to period.
D). The estimated manufacturing overhead cost did not change in proportion to the change in the estimated total amount of the allocation base.
the real interst rate earned is the a cost of borrowing in current consumer prices. b cost of borrowing adjusted for the rate of change in the price level. c nominal interest rate adjusted for the growth rate of the economy. d same as the nominal interest rate when inflation is moderate. e cost of borrowing in current producer prices.
The real interest rate earned is the cost of borrowing adjusted for the rate of change in the price level. option (C) is correct.
The real interest rate procured is the rate where the getting cost would be adapted to the adjustment of the rate in the level of the cost as the genuine loan cost addresses the financing cost that ought to be changed by the expansion
Which is a method for getting expansion changed returns of different stores, credits, and advances. Subsequently, it mirrors the genuine expense of assets to the borrower; but is not for the most part utilized in determining cost.
In any case, a rate of return that doesn't comprise duties or expansion is alluded to as a nominal rate.
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This question is not complete , Here I am attaching the complete question:
The real interest rate earned is the Group of answer choices
(A) same as the nominal interest rate
(B) when inflation is moderate cost of borrowing in current consumer prices
(C) cost of borrowing in current producer prices cost of borrowing adjust for the rate of change in the price level
(D) nominal interest rate adjusted for the growth rate of the economy
as a result of our incomes and wants, it is in our self-interest to economize or pick and choose goods and services that maximize our satisfaction. multiple choice question. scarce; satiable limited; finite limited; insatiable unlimited; insatiable
The answer is insatiable unlimited, because our limited incomes conflicting with our insatiable wants for goods and services.
What is an easy way to define economy?A system of interconnected production and consuming activities makes up an economy, and these activities ultimately decide how resources are distributed within a society. The whole production and consumption of products and services meets the demands of persons residing in and conducting business inside it.
What are some good cases of economy?A well-known illustration of an economy is the traditional economy, which uses a country's traditions and history to direct the production and distribution of goods. Agriculture, fishing, and hunting are the main economic sectors of traditional economies.
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ou would like to invest $26,600 for one year and are considering two options. investment a will earn interest at a rate of 6 percent compounded monthly. investment b will earn interest at a rate of 7 percent compounded annually. (hint: consider one year only.) required: a. what will be the value of investment a? note: do not round intermediate calculations and round your final answer to the nearest whole dollar amount. b. what will be the value of investment b? note: do not round intermediate calculations and round your final answer to the nearest whole dollar amount. c. which investment would you prefer solely based on the value of investment?
For Investment A, $27,877.35 would be the value after a year at a compound annual rate of 6%. For Investment B, $27,912.87 would be the value after a year at a compound annual interest rate of 7%. Investment B would be the best choice based on the value of the investments.
Purchasing assets with the intention of increasing their value over time is known as investing money. Investment requires the sacrifice of an already-available resource, such as time, money, or effort. Investments are made with the goal of profiting from the asset being utilised in the realm of finance. The return could include an unrealized capital gain (or loss), investment income like dividends, interest, or rental income, a combination of income and capital gain, or a gain (profit) or loss realised via the sale of a house or investment. Because of changing currency rates, the return could include gains or losses on foreign exchange. According to investors, riskier ventures frequently offer greater returns.
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true or false: using a phrase such as 'being the best' in mission or vision statements delivers a clear message that differentiates a company from its competition. true false
It is true that using phrase such as 'being the best' in the mission or vision statements delivers clear message that differentiates company from its competition.
What is a competition?When two or more parties engage in competition, they are working toward an unattainable goal; the success of one party is the loss of the other. Competing entities include species, humans, organisations in the social and economic spheres, etc. In nature, competition between living things that share an environment happens. Humans compete for food and mates in environments that are static, repetitive, or unchanging, but when these needs are met, fierce rivalries frequently arise over the pursuit of wealth, status, power, and renown. Competition is a crucial aspect of market economies and business, as firms fight with at least one other firm for the same group of clientele. This idea is commonly linked with business competition.
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Review question what‘s a zero-based budget, and why is it important?
Zero-based budgeting ensures that managers think about how every greenback is spent, each budgeting period. This manner also forces them to justify all running prices and reflect onconsideration on which areas of the enterprise are producing revenue.
What is zero-based budgeting?Zero-based budgeting is a approach that has you allocate all of your cash to prices for wants and wants, as properly as short- and long-term financial savings and debt payments. The intention is that your profits minus your bills equals zero by means of the stop of the month.
Zero-based budgeting (ZBB) is a methodology to assist align agency spending with strategic goals. Its strategy requires agencies to build their annual budget from zero each year to verify all factors of the annual budget are cost-effective, relevant, and power extended savings.
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https://brainly.com/question/15994567#SPJ4Alomar Corporation had a balance of $1,000 in Prepaid Supplies at the beginning of the year. The company purchased $700 of supplies during the year. At year end, Prepaid Supplies had a balance of $1,100. What is the amount of Supplies Expense that Alomar Corporation will recognize for the year?a. $600b. $700c. $800d. $1,100
$600 is the amount of Supplies Expense that Alomar Corporation will recognize for the year .
What does the term "delayed expense" mean?
Costs that have been incurred but not yet been used up are referred to as delayed expenses. Until the underlying goods or services are utilized, the cost is recorded as an asset; at that moment, it is charged to expenditure.
Office space rent. startup expenses. advertising expenses. Insurance premiums are paid in advance.
Particulars Amount ($)
Beginning prepaid expense 1,000
Add: Purchased 700
Less: Closing prepaid expense (1,100)
Amount of supplies expense 600
Therefore, the amount of supplies expense that A Corporation will recognize for the year is $600.
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the opportunity cost for a factory worker during their 8 hour shift is:group of answer choicestransportation coststhe net benefit that they could have received from working at their jobthe net benefit that they could have received by spending that 8 hours in collegetextbook coststhe parking fees at the factory
The opportunity cost for a factory worker during their 8 hour shift is net benefit that they could have received by spending that 8 hours in college. The correct answer is option C.
When compared to engaging in a different activity, the value or gain lost by choosing one activity over another is known as the opportunity cost. More precisely, it implies you forfeit the chance to choose a different activity if you select for one.
Here, the opportunity cost for a factory worker during their 8 hour shift is the benefit forgone by not going to college as only one of the two can be done.
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The complete question is:
The opportunity cost for a factory worker during their 8 hour shift is:
Group of answer choices
The net benefit that they could have received by spending that 8 hours in college
Textbook costs
The parking fees at the factory
The net benefit that they could have received from working at their job
transportation costs
difference between qualified and non qualified dividends
Non-qualified dividends are taxed as ordinary income, but qualified dividends are taxed as capital gains.
What is dividend?A dividend is a payment paid by a corporation to its shareholders, often in the form of cash or extra shares of stock. Dividends are often paid from a company's profits and dispersed to shareholders on a regular basis, such as quarterly or annually. Dividend payments are a method for firms to share their success with their shareholders, and they can also be interpreted as a sign of financial stability and a strong business. Dividends are taxed differently depending on whether they are "qualified" or "non-qualified." Qualified dividends are taxed at the lower capital gains tax rate if they meet specific standards established by the Internal Revenue Service (IRS), whereas non-qualified dividends are taxed as regular income.
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