Which situation best illustrates the economic concept of opportunity cost?
O A. A business decides to begin advertising its product in more
foreign markets.
O B. A business gives its employees a raise, so it cannot afford to buy
any TV ads.
O C. A business takes out a large loan, so it is able to expand into a
new market.
O D. A business plans to relocate to a new city after taxes increase in
its home city.
Answer:
B. A business gives its employees a raise, so it cannot afford to buy any TV ads.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
For instance, if you decide to invest resources such as money in a paying your employees (workers), your opportunity cost would be the benefits like increased sales you could have earned if you had invested the same amount of resources in advertising your business.
Hence, the situation which best illustrates the economic concept of opportunity is when, a business gives its employees a raise, so it cannot afford to buy any TV ads.
C- A business takes out a large loan, so it is able to expand into a new market is a perfect example of the term opportunity cost in the economy termed world.
A business loan taken will help the expansion into a bigger firm. However if the firm would have not have been able to scale its business. This cost born by the business is known is known as opportunity cost.
An opportunity cost is referred to as foregone expenses by the firm and the deployment of same money by the firm into another venture for a purpose whether predefined or not.The opportunity cost also in layman's terms refers to if you would have deployed your money here instead of there, you would have gained this much.A firm could have used this loan to deploy it in the field of manufacturing additional units the firm could have increased resulting in increased profit for them.Hence, the correct option is C that the business taking loan to expand into a new market is an example of opportunity cost.
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Why are there difference degrees of murder?
Answer:
[tex].x {x362 | \sqrt{ \sqrt[ \frac{ {5}^{2} }{?} ]{?} } | \times \frac{?}{?} \times \frac{?}{?} }^{?} \time. {.02 {?}^{2} }^{2} s \frac{? = { { {322 \frac{2.x}{?} \times \frac{?}{?} \times \frac{?}{?} }^{?} }^{?} }^{?} }{?} [/tex]
Describe two ways in which the Trafficking victims law reauthorized act of 2005 protects citizens against human trafficking
Answer:
The Trafficking Victims Protection Act (TVPA) of 2000 established methods of prosecuting traffickers, preventing human trafficking, and protecting victims and survivors of trafficking. The act establishes human trafficking and related offenses as federal crimes.
Explanation:
The two ways in which Trafficking victims law reauthorized act of 2005 :
By establishing program to protect the victims.By providing grant program.Trafficking victims law reauthorized act of 2005Trafficking victims law reathourized act of 2005 play an important roles by making use of preventive measure that will help to reduce and stop the high rate of human trafficking.
The law founded a program that will help protect underage or minors who are victims of trafficking by rescuing them and to as well provide grant that will help the law enforcement agency to reduce human trafficking.
Therefore the ways in which Trafficking victims law reauthorized act of 2005 is: By establishing program to protect the victims.
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What type of law does a lawyer who works to protect non-citizens practice? Refugee law Immigration law International law Civil rights law
Answer:
Immigration Laws
Explanation:
Immigration laws is what they are called, they try to help people stay in the United States, and help them receive citizenship
What is the history of the dream smp to the start to curently
Answer:
Is this a joke?
If not read this https://dreamteam.fandom.com/wiki/Timeline_of_the_Dream_SMP
Explanation:
The history is so detailed...
do you actually want me to write start to current or is this a joke-? I mean I would be glad to-
brainliest please :]
The open fields doctrine
Answer:
The open-fields doctrine (also open-field doctrine or open-fields rule), in the U.S. law of criminal procedure, is the legal doctrine that a "warrantless search of the area outside a property owner's curtilage" does not violate the Fourth Amendment to the United States Constitution.
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How low should your bumper be from the road ?
How long is a TABC certification valid
Answer: exactly 2 years is how long a TABC certification is valid
Explanation:
hope this helps :D
Heifer international's function is to help reduce poverty by providing
Answer: free food from livestock raised by Heifer International
Explanation:
What are 8 criminal law vocabulary words
Answer:
1. Abandonment of a child.
2. Accomplice.
3. Acquaintance Assault
4. Acquittal.
5. Actus Reus.
6. Adjudication.
7. Adjudicatory hearing.
8. Admission.
Please use caucion when entering this area as the floor can be slippary.
What qualifies as the first broken window theory in law
Answer:
The broken windows theory, defined in 1982 by social scientists James Wilson and George Kelling, drawing on earlier research by Stanford University psychologist Philip Zimbardo, argues that no matter how rich or poor a neighborhood, one broken window would soon lead to many more windows being broken: “One unrepaired ...
Explanation:
Checks and balances: what check is the most important. Support your reasoning
Answer:
The best example of checks and balances is that the president can veto any bill passed by Congress, but a two-thirds vote in Congress can override the veto. Other examples include: The House of Representatives has sole power of impeachment, but the Senate has all power to try any impeachment.
Does this help?
Establishing partnership in community policing in South Africa?
Answer:
current South African context community policing must be based on principles which include the acceptance of public oversight and accountability to representative civilian structures, transparency in relation to most aspects of police work and a commitment to operational flexibility on the part of the police.
Explanation:
Q4.Integrity and punctuality both are interlinked together. Give an
example to justify your answer.
Answer:
Integrity and punctuality are two values that are usually interlinked together, because they are part of a larger set of values that are present in people who act correctly and honestly. Thus, integrity implies a correct behaviour on the part of the person, in accordance with the legal and moral standards prevailing in a society and that do not cause any harm to third parties; and punctuality is an implicit characteristic within said integrity, insofar as it is framed in a respect for moral norms.
what is the law that protects poor service delivery
Answer:
Consumer Protection Act
Explanation:
Protects the consumer against poor service delivery.
Suppose that you are a prison warden. What if a group of incarcerated individuals calling themselves the “Sons of Purple Flower” and claiming to be a religious organization requested a special diet when the moon is full as part of their First Amendment rights? How would you determine whether you must grant these requests
Answer:
if they need an altered diet for religious reasons it shall be granted. religious freedom still applies in prison. alternative meals for christians and muslims are granted, so id assume the same thing applies.
The story of the Harappan civilization is most similar to which of the following?
A
In Ancient Greece, the Mycenaeans made huge advances in engineering and architecture and had a written language. Their society collapsed for unknown reasons in 1100 BCE.
B
The Incan empire did not have many technological advances but covered over 770,000 square miles before it was defeated by Spanish conquistadors in 1533.
C
The Khmer Empire, in modern-day Cambodia, was an enormous Buddhist city with advanced systems of art and architecture. In the 14th century CE it began a long steady decline.
D
The Maori people settled in New Zealand in the 13th century. They developed both a warrior culture and a system of fine and performing arts. The Maori are still around today.
Answer:A
Explanation: Don’t worry I did it and I got it right. It’s a
The story of the Harappan civilization is most similar to option A: In Ancient Greece, the Mycenaeans made huge advances in engineering and architecture and had a written language. Their society collapsed for unknown reasons in 1100 BCE.
What is the geography of Ancient Greece?
The geography of Ancient Greece is mountainous. It is surrounded by the Mediterranean sea and is composed of more than 1400 islands.
The Ancient Greek literature and comedy are just two of the most important and characteristic Greek culture. The earliest Greek literature was poetry and its main poet was Homer.
Therefore, correct option is A.
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Those who support socialism argue that it
A. rewards the efforts of enterprising individuals.
B. decreases social and economic inequalities among people.
C. is able to utilize new technologies quickly and effectively.
D. frees business and industry to act in their own best interests.
Answer:
I belive its B or D but I would pick D I'm so so so sorry if wrong
Government is a trustee. Argue for and against.
Answer: the government is a trustee
Explanation:
The American Bar Association prohibits lawyers from considering the nature of their own reputations when setting legal fees for a client. False True
Answer:
The correct answer is False.
Explanation:
According to Rule 1.5 of the American Bar Association caption "Fees". Under section A, subsection 7,
The factors to be considered in determining the reasonableness of a fee can include "the years of experience, reputation, and skill of the lawyer or lawyers whose expertise have engaged.
Some of the other factors that determine the reasonableness of a lawyers fee are:
the amount of time and effort required, the complexity of the problem and originality of the solution, and the depth of skill required;common practice relationship between lawyer and client limitations arising from accepting such a case etcCheers
How did the Enlightenment's theories of government view the role of government?
Answer:
Enlightenment's theories of government viewed the role of government was that government was meant to serve people without any prejudice. Further Explanations: Enlightenment was a European rational movement in which ideas regarding God, humanity and nature were connected to world view.
Which of the following are elected in a partisan election?
A. Harris County Judge
B. Governor of Texas
C Chancellor of San Jacinto College
D. City Manager of a Home-rule municipality
You can choose more than one
What makes administrative law different from other types of law?
Administrative law is the division of law that governs the activities of administrative agencies of government. Government agency action can include rule making, adjudication, or the enforcement of a specific regulatory agenda. Administrative law is considered a branch of publication law .
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Please write a paragraph describing your opinion on Natural Law and Legal Positivism.