Economists convert costs and benefits into money equivalents by evaluating an individual's willingness to pay. opportunity costs. marginal benefits. sunk costs.

Answers

Answer 1

The correct option is (a) willingness to pay.

Comparing the anticipated or predicted costs and benefits (or opportunities) connected with a project choice in order to assess whether it makes sense from a business standpoint is known as a cost-benefit analysis.The maximum sum of money a consumer will spend on an additional commodity or service is known as the marginal benefit. As spending rises, customer contentment tends to decline. The difference in price caused by producing an extra unit of a good or service is known as the marginal cost.

What is economic benefit?

Economic benefits are defined as concrete advantages that can be quantified in terms of money saved or income earned as a result of the application of policies.

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Related Questions

Once the project schedule and project budget are approved they become the _____ Group of answer choices project plan derivative plan schedule plan baseline plan actual plan

Answers

Once the project schedule and project budget are approved they become the baseline plan. This is further explained below.

What is the baseline plan?

Generally,  Project management baselines are the established points from which further planning is done.

In conclusion, As soon as the project timeline and budget are greenlit, they constitute the foundation of the project.

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When both supply and demand decrease, the equilibrium price ________ and the equilibrium quantity ________.

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When both supply and demand decrease, the equilibrium price increase and the equilibrium quantity  decrease.

What is supply and demand?

Supply can be defined as the amount of goods that a company is willing to produce and supply while demand can be defined as the amount of goods that consumer are willing or ready to buy.

When both supply and demand decrease, the equilibrium price and the equilibrium quantity can do the following:

Increase; decreaseDecrease; decreaseRemain the same; decrease


Therefore when both supply and demand decrease, the equilibrium price increase and the equilibrium quantity  decrease.

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do you know the answer ​

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The sources of information for foreign employment Red, personal contacts abroad; Green, recruitment websites and the techniques of getting information of foreign employment notice board, websites etc.

What is foreign employment?

Going from one country to another country in the search of job and for the purpose of earning money is called foreign employment.

The foreign employment has the advantage that it has the ability to experience different cultures, customs, and traditions.

It provides the opportunity to develop a more global and open mindset.

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a modified endowment contract is best described as

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A modified endowment contract is best described as a life insurance contract that has accumulated cash values higher than the IRS allows.

What is modified endowment contract?

This refers to the highest amount of premium that can be paid into a policy and still have it recognized as a life insurance contract.

Hence, a modified endowment contract is best described as a life insurance contract that has accumulated cash values higher than the IRS allows.

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you are executing an indirect activity allocation. what do you post to the sender and receiver?

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If you are executing an indirect activity allocation. what you post to the sender and receiver is: You post the quantity and cost to both the sender and receiver.

What is Indirect activity allocation?

Indirect activity allocation can be defined as the way in which activities that are share or allocated.

Based on the given scenario  when making use of  indirect activity allocation you post the quantity and cost to the sender as well as the  receiver.

Therefore  quantity and cost are posted to the sender and receiver.

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The production possibilities curve below shows the hypothetical relationship between the production of guns (national defense) and butter (social goods) in an economy. Combination Guns Butter A 0 4 B 14 3 C 26 2 D 36 1 E 44 0 Your response should be a number ONLY. What is the marginal opportunity cost of producing the second unit of butter

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If we will increase the production of butter from 1 to 2, then the Guns production will decreases from 36 to 26. Thus, marginal opportunity cost of second unit of butter is 10 guns.

What is marginal opportunity cost?

The marginal opportunity cost refers to the measurement of the amount of a good that has to be sacrificed for each additional unit of the other good.

It is the cost incurred during the production of a unit or item.

Formula of Marginal opportunity cost =△gain of output △loss of output.

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Seeing the effect of each financial transaction or event on your current situation is the purpose of:

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Seeing the effect of each financial transaction or event on your current situation is the purpose of: balancing your books.

What is a financial transaction?

This has to do with all forms of exchange that occurs between a person that is selling a good and another person that is buying.

Such transactions are usually written in  the accounting book which is balanced.

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When an organization evaluates people based on the economic or productive potential of their knowledge, experience, and actions, the organization is viewing them as ______.

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Answer:

Humam capital.

Explanation:

.......

The Finnish prefer to maintain time-honored traditions and norms and view change with suspicion. Which of Hofstede’s cultural dimensions does this represent?

power distance

individualism/collectivism

masculinity/femininity

time orientation

Answers

I think it’s an Individualist society

Finland, with a score of 63 is an Individualist society. This means there is a high preference for a loosely-knit social framework in which individuals are expected to take care of themselves and their immediate families only.

According to the text, the most logical budget-setting method in advertising is the ________ method.

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The logical budget setting method is advertising, the company set advertising budget cost is required to achieve tasks.

What is Objective and Task?

The objective and budgeting work simultaneously, budget is established when specific objective is in mind.

The company sets advertising budget for promotion of products, budget requires certain amount of money needed to achieve objective and task.

Businesses use objective and task method by examining cost of each goals. The objective and task method is difficult to assess accurately advertising costs needed to achieve the task.

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newman's own organics is considered a socially responsible company because it:

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Newman's own organics is considered a socially responsible company because it donates to charity.

What are socially responsible company?

Socially responsible company are companies that are committed to the growth and development of their community.

They give voluntary donations to communities around them.

Therefore, Newman's own organics is considered a socially responsible company because it donates to charity.

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Which type of financial aid is often based on merit, as opposed to financial need?

Answers

Answer:

Scholarships

Explanation:

Merit-based aid goes to students based on their academic and/or extracurricular achievements rather than their financial need. Scholarships are the most common type of merit-based aid. Students may receive scholarships from nonprofit organizations, private businesses, and colleges and universities.

hope it helps you and give me a brainliest

Answer: scholarships

Explanation:

Ballard Company incurred a total cost of $9,400 to produce 300 units of pulp. Each unit of pulp required six (6) direct labor hours to complete. What is the total fixed cost if the variable cost was $1.50 per direct labor hour

Answers

The total fixed cost if the variable cost was $1.50 per direct labor hour is $6700.

Total fixed cost

Using this formula

Total cost=Fixed cost+ Per Direct labor hours×Units of pulp× Direct labor hours

Let plug in the formula

9400=FC + 1.50(300)(6)

9400=FC + 2700

FC=$6700

Therefore the total fixed cost if the variable cost was $1.50 per direct labor hour is $6700.

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A ________Blank identifies that a firm has legally registered its brand name or trade name so the firm has its exclusive use, thereby preventing others from using it.

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A trademark Blank identifies that a firm has legally registered its brand name or trade name so the firm has its exclusive use, thereby preventing others from using it.

A brand extension is when a company uses one of its established brand names on a new product or new product category.A brand name, or product brand, is a word, group of words, letters, or numbers that represent a product or service. A trade name, or corporate brand, identifies and promotes a company or a division of a particular corporation. The trade name is the legal name of the business.

What does trademark imply?Any word, phrase, symbol, design, or combination of these that distinguishes your products or services might be considered a trademark. Customers use it to recognize you in the marketplace and set you apart from your rivals. Both trademarks and service marks are included under the umbrella term "trademark."Business names, logos, slogans, sounds, and even colors that are distinctive to a single brand may be protected by a trademark.

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A data analytics team works to recognize the current problem. Then, they organize available information to reveal gaps and opportunities. Finally, they identify the available options. These steps are part of what process?

Answers

These steps regarding the data are part of the process that is known as using structured thinking.

How to depict the information?

From the information given, the data analytics team works to recognize the current problem. Then, they organize available information to reveal gaps and opportunities.

In this case, the steps regarding the data are part of the process that is known as using structured thinking.

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Captain Hook, the insured, makes a contract with Peter Pan Insurance Company, the insurer, whereby Captain Hook will pay quarterly premiums of $575.00. Upon Hook's death, $1,000,000 will go to Wendy Little as the beneficiary. Further, the policy required that upon Hook's death, the beneficiary must notify the insurer within three months. Captain Hook did not inform Wendy that she was his beneficiary. Captain Hook died and her policy was not found until four months later. Upon finding the policy, Wendy informed Peter Pan Insurance Company that Hook had passed away, but it refused to pay her the money. Wendy sued claiming that she did not need agree to the time limitations and that she was entitled to the money because she informed them of Hook's death. Wendy would best be classified as a(n) ______________.

Answers

Based on the contract between Captain Hook and Peter Pan Insurance Company, Wendy would best be classified as an intended beneficiary.

Who is an intended beneficiary?

An intended beneficiary can be defined as a type of third-party beneficiary who is intended and designated by an insured to directly receive benefits from an established contractual agreement.

Based on the contract between Captain Hook and Peter Pan Insurance Company, we can infer and logically deduce that Wendy would best be classified as an intended beneficiary.

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classical economists are more likely than keynesian economists to focus more on _____.

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classical economists are more likely than Keynesian economists to focus more on unemployment. This is further explained below.

What is unemployment?

Generally, unemployment is simply defined as unemployed persons who are looking for employment and are prepared to start work immediately.

In conclusion, Unemployment is an issue that receives greater attention from classical economics than from Keynesian economists.

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The relationship between increasing prices and decreasing money value is called

Answers

Answer:

Inflation occurs when prices rise across the economy, decreasing the purchasing power of your money.

Explanation:

Can I please get on the brainlist

Inflation because that’s when the worth of money comes down since there are so many and the prices start to go up

Question 2 of 20
If you choose to own a credit card, it is important to:
0 A. pay
A. pay off the balance each month.
B. make minimum payments each month.
O C. use more than one credit card to distribute the costs.
O D. use credit cards as often as possible.

Answers

Answer: (B)

Explanation: so you can save your money that is the wi way

to record a sales transaction, use:

Answers

To record a sales transaction, use create invoices- receive payment- make deposits.

What is sales transaction?

Sales Transaction means transactions consummated between a company and subscriber of its capital stock. It is the transfer of a company's asset to another after sales have been completed.

Hence, to record a sales transaction, use create invoices- receive payment- make deposits.

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The earnings gap in the U.S. labor market between black and white workers_____________________ in the 1960s and 1970s, but, since 1980, the gap_____________________. rose substantially; has not changed much fell substantially; is pretty well unchanged rose substantially, has declined substantially fell substantially, has substantially increased

Answers

1st blank -  fell substantially.

2nd blank - is pretty well unchanged.

U.S. labor market between black and white workers:Significant salary gaps between black and white workers are a key indicator of racial inequality in the labor market. In 2019, the median hourly wage for a black worker was 24.4 percent less than for a white worker. This represents a salary difference that is even greater than the 16.4% figure from 1979.Salary gaps between white and black workers?In terms of the difference between black and white salaries, the wage gap has varied over the first ten years of the twenty-first century: 67.7 percent in 2000, 64.0 percent in 2005, 67.5 percent in 2008, and 64.5 percent in 2009. However, the absolute salary gap between black and white workers has shrunk during this time.

Therefore, The earnings gap in the U.S. labor market between black and white worker fell substantially in the 1960s and 1970s, but, since 1980, the gap is pretty well unchanged.

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a provider who directly treats a patient is called a(n)

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A provider who directly treats a patient is called a direct provider.

A provider who directly treats a patient is called a direct provider.

Who is a Patient?

This refers to the person that is under care, usually in the hospital for an ailment or health-related issue.

Hence, we can see that in the case of the person that takes care of a patient and treats him directly, this person is known as a direct provider and is responsible for getting him to wellness.


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Matilda is buying a condo from Tom and Alex Ries. She has given her agent, Manuel, earnest deposit funds in the amount of $10,000. Matilda has post-dated the check to coincide with the expiration date of offer acceptance on the contract. Do the basic trust fund regulations apply to Matilda's earnest deposit

Answers

Answer:

190887266899776543678

The process of influencing people to work toward a common goal is.

Answers

Answer:

Leading/Leadership

Explanation:

Leadership inspires, influences and motivates people to work towards a goal and achieve it.

Are fixed costs considered to be anticipated or unanticipated costs? are variable costs considered to be anticipated or unanticipated costs?.

Answers

Answer:

anticipated (Think)

Explanation:

The term fixed cost refers to a cost that does not change with an increase or decrease in the number of goods or services produced or sold. Fixed costs are expenses that have to be paid by a company, independent of any specific business activities. This means fixed costs are generally indirect, in that they don't apply to a company's production of any goods or services.

To fully benefit from economies of scale, an MNC should: a.participate in a joint venture in order to learn about a production process or other operations. b.establish a subsidiary in a market where raw materials are cheap and accessible. c.establish a subsidiary in a market that has relatively low costs of labor or land. d.establish a subsidiary in a new market that can sell products produced elsewhere, which allows for increased production and thus possibly greater efficiency.

Answers

A multinational corporation will fully benefit from economies of scale when its establish a subsidiary in a new market that can sell products produced elsewhere which allows for increased production and thus possibly greater efficiency.

What is an economies of scale?

This refers to a situation whereby the average costs per unit of output decrease with the increase in output being produced by a firm.

Hence, it is agreed that any multinational corporation will be able to fully benefit from economies of scale when its establish a subsidiary in a new market that can sell products produced elsewhere.

Therefore, the Option D is correct.

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abc has a $5 million liability at december 31, 2018, of which $1 million is payable in each of the next five years. abc reports the liability on the balance sheet as a:

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abc  should reports the liability on the balance sheet as a: $1 million current liability and a $4 million long-term liability.

Liability

The liability will appear in the balance sheet as:

Current liability (Payable)= $1 million

Long term liability=$5 million-$1 million

Long term liability=$4 million

Therefore abc  should reports the liability on the balance sheet as a: $1 million current liability and a $4 million long-term liability.

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Erin bought a $100,000 whole life insurance policy. When she is 65 she decides to surrender the policy for its cash value of $60,000. Of the cash value, $50,000 is premiums. How much of Erin's cash surrender is taxable?

Answers

The difference between the cash value and the premiums paid is taxable upon policy surrender ($60,000 - $50,000 = $10,000). Erin's cash surrender that is taxable is $10,000.

What is cash surrender value of whole life insurance and how it is calculated?

Cash surrender value is the amount that remains after the fees when permanent life insurance policy has been cancelled.

Cash surrender value of whole life insurance can calculated by adding up the total payments being made to the insurance policy and then subtract the fees that has been charged by the insurance company for surrendering the policy.

In short, Cash surrender value is the amount left over after fees when you cancel a permanent life insurance policy.

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A production possibilities frontier is like a ___________________, for an entire society. Group of answer choices opportunity cost

Answers

Answer:

production possibilities frontier is like a set of choices

Select a travel lane with the least amount of congestion and stay in the lane you have chosen until you need to turn, __________, or avoid a hazard.

Answers

Select a travel lane with the least amount of congestion and stay in the lane you have chosen until you need to turn, pass another, or avoid a hazard. Read below about travel lane.

What is a travel lane?

A traffic lane or travel lane is a lane for the movement of vehicles travelling from one destination to another, not including shoulders. A through lane is a traffic lane for through traffic. At intersections, these may be indicated by arrows on the pavement pointing straight ahead.

Therefore, the correct answer is as given above.

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Other Questions
a carbohydrate 7 monomers long has how many glycosidic bonds? A. 1 B. 2C. 3D. 4E. 7 The phenomenon of water sticking to a surface, such as a window pane orplant, is due to the water's____. A. cohesionB. corrosionC. obtrusionD. adhesion In evaluating a claim, what makes your evaluation most effective? What should be included in an evaluation? For a particular chemical reaction, the enthalpy of the reactants is -400 kJ. The enthalpy of the products is -390 kJ. The entropy of the reactants is 0.2 kJ/K. The entropy of the products is 0.3 kJ/K. The temperature of the reaction is 25 degrees Celsius. What can you conclude about this reaction 3-chloropropylamine what is? Ann cleans 9 vessels in 10 minutes and her friend Kathy cleans 12 vessels in 14 minutes. Who cleans less number of vessels? What type of relationship is expressed below?5x = 2x 9O equationO functionO inequality which question can be using the scientific process which statement is a scientific theory A.most cells are so small that they can be observed only through a microscope B.the interactions between cells can be predicted with mathematical equations C.The various functions of different types of cells can be determined by experiments D.cells are fundamental units of all living organisms At a certain temperature this reaction follows first-order kinetics with a rate constant of 0.086 s^-1:2H3PO4(aq)=P2O5(aq)+3H2O(aq) Suppose a vessel contains H3PO4 at a concentration of 1.27 M . Calculate how long it takes for the concentration of H3PO4 to decrease to 7.0% of its initial value. You may assume no other reaction is important.Round your answer to 2 significant digits.Please, need this ASAP Which two choices explain why the following poem is an example of lyric poetry?The Road Not Takenby Robert FrostTwo roads diverged in a yellow wood,And sorry I could not travel bothAnd be one traveler, long I stoodAnd looked down one as far as I couldTo where it bent in the undergrowth;Then took the other, as just as fair,And having perhaps the better claim,Because it was grassy and wanted wear;Though as for that the passing thereHad worn them really about the same,And both that morning equally layIn leaves no step had trodden black.Oh, I kept the first for another day!Yet knowing how way leads on to way,I doubted if I should ever come back.I shall be telling this with a sighSomewhere ages and ages hence:Two roads diverged in a wood, and II took the one less traveled by,And that has made all the difference.It has a clear rhyme scheme.It has irregular sentence lengths.It is written like ordinary speech.It is descriptive and has vivid images.It has various meters. Solve (x - 2 < 5) (x + 7 > 6).1. 2. {x | x < -1 x < 7}3. {x | -1 < x < 7} Which order in the taxonomic table is most distantly related to the others? explain how you know. (2pts) please help(a) Is it safe to place the plant box on a window ledge that can support a maximum weight of 2400 grams? Explain why or why not.(b) Would the density of the soil change if the plant box was only half full? Explain. A production possibilities frontier is like a ___________________, for an entire society. Group of answer choices opportunity cost Sofia is taking a multiple choice test with a total of 100 points available. Each question is worth exactly 5 points. What would be Sofia's test score (out of 100) if she got 8 questions wrong? What would be her score if she got xx questions wrong?Score with 8 questions wrong: Score with xx questions wrong: need answer quickly divide: 8x^3 y^5 / 4x^2 y^3 if a polyhedron has a volume of 35 cm^3 and is dilated by a factor of 5/2, what will be the volume of the dilated polyhedron? Round your answer to the nearest thousandth if necessary. There are eight shirts in your closet, three blue, two are black, one is green, and two are white. You randomly select one to wear on Monday and then a different one on Tuesday. What is the probability that you wear blue shirts on both days?(please write an explanation) Read each of the following scenarios. Then decide which Spanish idiom most appropriately describes the situation or moral lesson to be learned and write it down. When you have finished writing all of them, record them aloud. Juan is incapable of keeping a secret.