Martin has given himself an entertainment budget of $5 per week. he has decided that each week he will spend that $5 by either attending a matinee movie at his local theater or downloading five songs by one ofhis favorite artists. what is the non-monetary opportunity cost of seeing a movie this week? - five songsopportunity cost is: - the value of the opportunity that you give up when you choose one activity instead of another. in the circular model, only by selling resources can obtain the income they need to buy the products they want to consume.- householdsa waste of resources that could have been used to produce something else occurs when: - mb < mceconomics is the study of how individuals and societies allocate resources among many competing uses.- limitedthe value of the next-best foregone alternative is the . - opportunity
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Business, 21.06.2019 20:30
In the rbv are defined as the tangible and intangible assets that a firm controls that it can use to conceive and implement its strategies.answers: management policies
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Business, 22.06.2019 13:50
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
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Business, 23.06.2019 01:00
Weekly sales at nancy's restaurant total $ 84,000. labor required is 420 hours at a cost of $21,000. raw materials used amount to $40,000. what is the partial measure of productivity for labor hours?
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Business, 23.06.2019 12:30
Which of the following is true of the strategy of planned and unplanned change in global marketing? a) cultural congruence involves deliberately changing certain aspects of culture to meet marketing goals.b) all marketing efforts require planned or unplanned change in order to be accepted.c) planned change involves marketing products similar to the ones already on the market.d) the first step in bringing about planned change in a society is to remove obstacles for acceptance of a product.e) social planners gained the acceptance of protein-rich diets among the peoples of underdeveloped societies using the strategy of planned change.
Answers: 2
Martin has given himself an entertainment budget of $5 per week. he has decided that each week he wi...
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