In making the best economic choices, consumers compare the benefits of the choice to.

Answers

Answer 1

In making the best economic choices, consumers compare the benefits of the choice to cost.

What is economic choice?

economic choice can be regarded as the decision making by the consumer to choose the kind of product that is needed by them economically.

Therefore, the consumer usually consider the cost In making the best economic choices,  as well as the benefits.

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Related Questions

Question Mode Multiple Choice Question The total interest that accumulates over time on both the principle money deposited and accumulating interest in an interest-bearing savings account is known as ______ interest.

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It’s know as the bank

When the Federal Reserve calls in a discount loan from a bank, the monetary base ________ and reserves ________.

Answers

When the Federal Reserve calls in a discount loan from a bank, the monetary base increases, and reserves increase.

What is the monetary base?

The total quantity of cash in the hands of the general people or in the form of commercial bank deposits kept in the reserves of the central bank constitutes the monetary base. Since it does not include various types of non-currency money that are common in a modern economy, this measure of the money supply is not frequently used.

The monetary base increases as the Federal Reserve generates additional funds to buy bonds from commercial banks, increasing the banks' reserve holdings in the process.

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write command to list of available database on your pc

Answers

show tables;

Explanation:

[ db name ];

Select all that apply The four general accounting principles include: (Check all that apply). Multiple select question. going concern measurement expense recognition time period revenue recognition full disclosure business entity

Answers

The four general accounting principles from the provided options are going concern principle, time period principle, full disclosure principle and revenue recognition principle.

What are accounting principles?

Accounting principles are the rules and guidelines which guide the accounting users in preparing and finalizing the accounting reports.

The principles of accounting are as follows:

Going concern principle is a concept that treat a business firm to have an indefinite life.Time period principle states that the activities performed by an entity should be bifurcated into various periods.Full disclosure principle signifies that each and every material information must be reported in the accounting statements and none of the information should be hide out.Revenue Recognition principle is the one where an income is recorded when it is actually earned and the expense is recorded when it is charged. The cash receipt and cash payment would be irrelevant in this concept.

Therefore, the principles related to accounting process has been explained as above.

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In any collaboration, data ownership is typically determined by:

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In any collaboration, data ownership is typically determined by the source of fundings that is used in the collaboration.

What is funding?

Fund includes money given for a particular project. It can be donation from organizations or individual support towards a project.

Access to data can be determined by funding as some affiliations give access to researchers.

Therefore, In any collaboration, data ownership is typically determined by the source of fundings that is used in the collaboration.

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Enterprise software includes a database and thousands of predefined​ ________________.

Answers

Answer:

business processes

Explanation:

Enterprise software includes a database and thousands of predefined business processes that reflect best practices

Kristen's shipping determined the pdor rate to apply overhead based on direct labor hours would be $8.40 of moh per direct labor hour.the pdor based on machine hours would be $5.20 moh per machine hour. job 43d used $12.40 of direct materials, 0.46 machine hours, and 18 minutes of direct labor at a cost of $13 per hour. how much is the total cost of job 43d if kristen's shipping applies overhead based on machine hours

Answers

Shipping applies, overhead based on labor hours is $18.82.

How is it calculated labor hours?

By dividing the total number of finished items by the total amount of direct labor hours required to make them, labor hours are calculated.

Direct materials, $12.40

Direct labor  ($13×18/60) $3.90

Direct labor hour ($8.40×18/60) $2.52

(direct materials+ direct labor + direct labor hour)

Total Cost $18.82

Hence, $18.82 is correct answer.

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Supporters of a minimum wage argue that it can increase wage rates without causing significant unemployment in which type of labor market?

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Supporters protest that the wage rates can be increased without causing any significant unemployment are usually referring to the low pay labor market.

What is a wage?

A wage is the money compensation for the services obtained by a labor, this wage is based on rates these rates can be hourly, per piece or per day.

In such a market even if wage rates are increased the unemployment is not  significant and is in fact beneficial for the labor working on a low wage.

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Linking executive pay to stock price can have the unintended result of rewarding: Multiple Choice ethical behaviour. unethical behaviour. investing in new technology.

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Linking executive pay to stock price can have the unintended result of rewarding unethical behavior. option b is correct.

What are unethical behaviors?

This is a term that is used to refer to the set of behaviors that are carried out in the corporate setting which go against the norms of the organization.

Doing such a linking has a way of rewarding the unethical behavior of the people in the work place.

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The most common pattern for marginal utility is:

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The most common pattern for marginal utility is Diminishing marginal utility.

What is Diminishing marginal utility?

Diminishing marginal utility can be regarded as a phenomenon which is a pattern of marginal utility and explains that  each additional unit of gain brings about  subjective value been increased.

For instance, when you eat more three candy, is more better than two but having 30 doesn't bring more experience.

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A recent study found that the death rate for people who sleep 6 to 7 hours per night is lower than the death rate for people who sleep 8 or more hours. The 1.1 million observations used for this study came from a random survey of Americans aged 30 to 102. Each survey respondent was tracked for 4 years. The death rate for people sleeping 7 hours was calculated as the ratio of the number of deaths over the span of the study among people sleeping 7 hours to the total number of survey respondents who slept 7 hours. This calculation was then repeated for people sleeping 6 hours, and so on. Based on this summary, would you recommend that Americans who sleep 9 hours per night consider reducing their sleep to 6 or 7 hours if they want to prolong their lives? Why or why not? Explain. Which of the following variables are likely useful to add to the regression to control for important omitted variables?
A. Type of employment.
B. Indicator for chronic illness.
C. Drug or alcohol use.
D. Individual eye color.

Answers

Type of employment, indicator for chronic illness, drug, or alcohol use these variables are likely useful to add to the regression to control for important omitted variables.

What is sleep pattern?

The word sleep pattern, commonly referred to as a sleep-wake pattern, refers to a person's schedule for going to bed and getting up as well as their napping habits. The frequency and length of sleep disruptions may also be part of the sleep pattern.

Type of employment, Chronic illness and drug/alcohol use they ought to be included in regression since they disturb sleep patterns.

As a result, option (a) Type of employment. (b) Indicator for chronic illness. (c) Drug or alcohol use is correct.

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which sentence best completes the diagram -
the federal reserve decreases the discount rate

Answers

The appropriate answer to the given question is option A bank decreases their bank rate.

What is a federal reserve?

The Federal Reserve is the nation's central bank. The Fed oversees the biggest banks in the country, sets monetary policy, and offers financial support to the federal government of the United States.

 

The complete part of the question is attached in the image below:

The rate at which the Federal Reserve loans to commercial banks is known as the discount rate. Commercial banks, on the other hand, are compelled to alter their pricing in the direction of the discount rate in order to maintain a profit.

Hence option A is correct.

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when the mpc = 0.75, the desired tax cut for achieving a $300 billion fiscal stimulus is _____.

Answers

Based on the marginal propensity to consume, the required tax cut to get a $300 billion stimulus is $400 billion.

How much of a tax cut is needed?

This can be found by the formula:

= Required fiscal stimulus / Marginal propensity to consume

Solving gives:

= 300 / 0.75

= $400 billion

In conclusion $400 billion of tax cuts are needed.

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Question 2 of 10
What is product positioning?
O
A. The set of plans for product, price, place, and promotion that the
marketer will use
O
B. The use of names and symbols to identify the company's products
O C. The process of dividing up a total market into groups (segments)
with similar needs and buying behaviors
OD. A definition of how the company intends for customers to view its
product relative to the competition

Answers

Answer:

I think it should be D keep checking just in case

The answer is D I think

Private property Multiple Choice discourages exchange since people must get government approval before buying property. are not legally enforceable in the U.S. are sustained by the right of individuals to designate who will receive their property when they die. does everything indicated in the other choices.

Answers

One thing about private property is that they are sustained by the right of individuals to designate who will receive their property when they die.

What makes private property so alluring?

Private property refers to the legal right of a person to own a property and decide what to do with it within the laws of the nation.

In the U.S., a private property owner is allowed to give their land to whomever they want. This is the chief factor that sustains private land because people acquire them knowing they can pass them on when they die.

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In the last few decades the car manufacturing sector has found it difficult to compete with foreign car imports. High labor costs is one of the main reasons economist site as the lack of competitiveness for the car manufacturing industry. If there was modest inflation, how could it possibly help the car manufacturing industry in the United States compete with foreign car manufacturers

Answers

A modest inflation would help the car manufacturing industry compete with foreign car manufacturers because c. It could allow real wages to downwardly adjust more easily.

How would a modest inflation help with foreign competition?

When there is modest inflation, it means that the real wages paid to the employees in the car companies would fall.

This would reduce the real costs to the card companies in terms of producing cars. They will then be able to charge lower selling prices which would allow them to compete with cheaper imports.

Options for this question include:

a. The consumers of the cars have increased purchasing power.

b. Business loans would cost less for the U.S. car manufacturers.

c. It could allow real wages to downwardly adjust more easily.

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When a company develops a product and then attempts to sell it through normal distribution channels in a number of test-market cities, it is engaged in Blank______.

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When a company develops a product and then attempts to sell it through normal distribution channels in a number of test-market cities, it is engaged in "standard test marketing".

What is standard test marketing?

A type of test market where the business chooses a limited number of sample cities to test the entire marketing mix before launching a new product.

There are various ways to test marketing-

Executing a regional product launch before a full launch.Working with a small group of customers who may directly provide product feedback.Implementing a focused direct marketing campaign to assess advertising methods.

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ABC, Inc.'s unadjusted trial balance included Accounts Receivable $80,000 debit; Allowance for Doubtful Accounts $750 credit; and credit sales $400,000 credit. ABC uses the aging of accounts receivable method and estimates that $8,000 of its receivables will be uncollectible. After the adjusting entry is made, ABC's financial statements will report ______. (Check all that apply.) Multiple select question. Bad Debt Expense of $8,000 on the income statement Allowance for Doubtful Accounts of $7,250 on the balance sheet Allowance for Doubtful Accounts of $8,000 on the income statement Allowance for Doubtful Accounts of $8,000 on the balance sheet Bad Debt Expense of $7,250 on the balance sheet Bad Debt Expense of $7,250 on the income statement

Answers

Allowance for Doubtful accounts of $8000 and Bad debt expense of $7,250.

Given :

ABC, Inc.'s unadjusted trial balance included

Accounts receivable $80,000 debit;

Allowance for doubtful accounts $750 credit;

and credit sales $400,000 credit.

ABC uses the aging-of-receivables method and estimates that $8,000 of its receivables will be uncollectible. After the adjusting entry is made, ABC's financial statements will report $8000. allowance for doubtful accounts on the balance sheet &  bad debt expense of $7,250 on the income statement.

Using the aging-of-receivables method to estimate bad debt implies that we must consider the existing balance in the allowance for uncollectible account, unlike the percentage of sales method.

Therefore the entry will be a Bad debt expense of 8000 less 750 which is 7250 while the entire 8000 will be deducted from receivables in the Balance sheet.

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When you have a debt, which is the
percentage used to calculate the
extra money you need to pay?
A. Original amount borrowed
B. Interest
C. Interest rate

Answers

Answer:

C - Interest Rate.

This is because the "extra money" is the interest and the borrower will calculate with interest rate.

Hope this helps!

Explain way economic deals with allocation and efficient utilization of scarce resources only?

Answers

Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature. Hence, to utilize the resources in the optimum possible way and meet the demands of humans, the economy allocates scarce resources.

How Microeconomics allocates scarce resources?

Microeconomics analyses how scarce resources are allotted efficaciously to the production of products and services. It facilitates in resolving the critical financial issues of the economic system at an individual level.

Thus, in this manner, Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature.

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what is the primary target market for a best cost-provider?

Answers

The primary target market for a best cost-provider is the value-conscious buyers.

What is this  value-conscious buyers about?

Value consciousness is a term that connote that consumers often pay more attention to deals and any kind of unique offers and are prepared to buy in bulk to be able to get discounts.

Therefore, The primary target market for a best cost-provider is the value-conscious buyers.

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When compliance, clarification, culture, and connection are all effectively addressed with a strategic system in place, the organization would be considered as:

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When all four elements of clarification, culture, compliance and connection are effectively addressed through a strategic onboarding system, the organization will be considered successful onboarding.

What is the successful onboarding?

A successful onboarding program is most expected to include clarification, compliance, culture, and connection and follow-ups, relying on the size and needs of any company. This is also called as the 4 C's of the onboarding.

Therefore, It all start out in the present moment, a new employee accepts the position.

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Steele Plate Units Cost Mar. 3 Purchase 1 $830 10 Purchase 1 840 19 Purchase 1 880 Total 3 $2,550 Assume that one unit is sold on March 23 for $1,125. Determine the gross profit for March and ending inventory on March 31 using (a) FIFO, (b) LIFO, and (c) average cost methods. Gross Profit Ending Inventory a. First-in, first-out (FIFO) $fill in the blank 1 $fill in the blank 2 b. Last-in, first-out (LIFO) $fill in the blank 3 $fill in the blank 4 c. Average cost $fill in the blank 5 $fill in the blank 6

Answers

The answer should be 2

Which of the following items have elastic demand? (Remember: items that are “wants” and/or have many substitutes tend to be elastic. Items that are “needs” and/or have few substitutes tend to be inelastic.) Select all that apply.
Group of answer choices

Apple Juice

Jeans

Salt

Chicken

Gasoline

Insulin

Answers

The items that have elastic demand include A. Apple Juice, B. Jeans, and D. Chicken.

What is elastic demand?

Elastic demand means that the demand for goods changes based on economic factors like income or price.

Goods with elastic demand usually have substitutes because they are wants and not needs.

Thus the items that have elastic demand include A. Apple Juice, B. Jeans, and D. Chicken.

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X Corp. and Y Corp. are separate entities. In Year 4, X Corp. extended a hostile tender offer directly to the shareholders of Y Corp. Y Corp. immediately issued bonds and offered to repurchase its own stock from its current shareholders at an amount higher than the current market price. The action by Y Corp. is best described as a(n) Issuance of stock strategy. Legal action strategy. Self-tender strategy. Compulsory share exchange strategy.

Answers

The action by Y Corp. is best described as a C. Self-tender strategy.

What is a self-tender strategy?

A self-tender is a defense strategy that thwarts a hostile corporate takeover.

Using a self-tender strategy as described in this scenario involves Y Corp. making a tender offer for its shares, inviting its shareholders to sell their shares so that the company can repurchase them at a specified favorable price.

This self-tender strategy closes off X Corp's efforts to succeed with the hostile tender offer.

Thus, the action by Y Corp. is best described as a C. Self-tender strategy.

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in a private equity structure, the party that raises the capital and makes decisions is:

Answers

It is to be noted that in a private equity structure, the party that raises the capital and makes decisions is the General Partner.

Who is the the General Partner?

In private equity settings, a General Partner is the entity who together with at least one other person (legal or individual) to form a business.

Hence, in a private equity structure, the entity that provides the capital and makes decisions is the General Partner.

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Bendernet Corporation budgeted production at 6,000 units and charged $42,000 to its factory overhead account. Bendernet applies variable overhead at $3.00 per direct labor hour and assumes that each unit takes one direct labor hour to produce. The company applied $40,000 of its overhead to work-in-process based on 5,000 hours. If the company actually required 5,500 hours to produce 5,000 units, what was the total overhead variance and to what extent did volume variances contribute to or offset that variance

Answers

The total overhead variance is an unfavorable $2,000 (the overhead account has a $2,000 debit balance). The volume variance contributed a $5,000 unfavorable.

What is total overhead variance?

The total overhead variance is the difference between the total overhead absorbed and the actual total overhead incurred.

Total overhead charged to the overhead account was $42,000, the amount applied was $40,000, the difference, $2,000, is the total unfavorable overhead variance.

Volume variance: the amount applied- the budgeted fixed overhead + standard hours allowed x variable at the budgeted rate.

Derive rates : The budgeted rates are derived from the $40,000 applied based on 5,000 hours. The total rate is $8.00 per hour ($40,000/5,000). The $3.00 variable rate is given, so the fixed rate must be $5.00.

Fixed costs: Budgeted fixed costs are the budgeted production of 6,000 units* 1 hour times the $5.00 rate or $30,000.

Variable costs: Variable overhead based on allowed hours is $3.00 times 5,000 or $15,000. The budget based on standard hours allowed is, therefore, $45,000 ($30,000 fixed + $15,000 variable).

Variance computation: The volume variance is the difference between the $45,000 allowed and the $40,000 actually applied, $5,000.

Budget standard hours allowed: Fixed - 5.00 *6,000 =  30,000

Variable-  3.00 * 5,000 = 15,000

Overhead applied = 45,000

Overhead applied: Fixed- 5.00 * 5,000 = 25,000

Variable- 3.00 * 5,000 = 15,000

Overhead applied = 40,000 and Net overapplied volume= 5,000

Net overapplied overhead = $2,000

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Which player in the economy supplies labor in the factor market?

a. Government
b. Households
c. Business firms
d. Rest of the world

Answers

The player in the economy which supplies labor in the factor market is the households.

What is supply of labor?

This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.

Hence, the player in the economy supplies labor in the factor market is the households.

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Answer: Households

HouseHolds supply the factor market.

What would bill fall under, he applied and acquired for a new credit card and uses it regularly?

Answers

If  he applied and acquired for a new credit card and uses it regularly he will fall under: Voluntary.

What is credit card?

Credit card can be defined as the card that enables the card holder to carryout transactions such as purchases online in which the holder is expected to payback the amount used for the purchases.

If a obtain a new credit card which he use often or frequently, bill will tend to fall under voluntary because he voluntary applied for the credit card without being comply to do so.

Therefore bill will fall under voluntary.

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In the context of supply chain management (scm) technologies, _____ enables business partners to send and receive information on business transactions

Answers

The Electronic Data Interchange is the element of supply chain management that enables the business partners to send and receive information on business transactions.

What is an Electronic Data Interchange?

This refers to the electronic interchange of business information which a company sends to another company, individual, stakeholders etc.

Hence, this is element of supply chain management that enables the business partners to send and receive information on business transactions.

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Where should the quotation below be placed to further develop the paragraph?One Greek scholar states, The influence of the Olympians on everyday culture is equal to that of Shakespeare and the Bible (Thomas 87). Somebody help me with this question please thank you A nurse is admitting a client to the palliative unit and discussing advanced directives. Which statement made by the client leads the nurse to believe the client requires clarification around advanced directives Why is it useful for historians to base certain studies on the anaylatics of historical themes Graph the following non-linear system of equations and identify the two solutions. y=2x 7x+3y=3 What type of function is the equation y=2x ? Linear [ ] Quadratic [ ] Exponential [ ] What type of function is the equation 7x+3y=3 ? Linear [ ] Quadratic [ ] Exponential [ ] Use your graph below to identify the two solutions to this non-linear system of equations. Note: All solutions to this problem are whole numbers. None of the answers are decimals or fractions. List the solution, (x,y), with the smallest x value below. x= __________ y= __________ List the solution, (x,y), with the largest x value below. x= __________ y= __________ i need help finding this for clever Choose the letter of the equation forthe graph. 4.The graph below shows the distance traveled by a person biking at a rate of 6miles per hour.The equation is d = 6t, where t is the number of hours and d is the distance traveledWrite an equation that represents the distance traveled by a person who can bikeat a rate of 8 miles per hour. The graph displays the relationship between the length of time an employee works at a company and the number of the employee's monthly customers. Austin is writing an article on habits. What is MOST likely to be one of the headings in this article?OA Resilience and PerseveranceOB. Daily Rituals and BehaviorsOC. Fixed Versus Growth MindsetOD. Evaluating Ethical Choices 1--5-4-3-2-11H5432Mark this and return-2+-3+AWN-4-5][C1 2 3 4 5 x]What is the range of the function on the graph?all the real numbersO all the real numbers greater than or equal to 0all the real numbers greater than or equal to 2all the real numbers greater than or equal to -3 let's complete given below. A cat has been killed by the dog. CActive) Malachy A 35. 0-l steel tank at 20. 0?c contains acetylene gas, c2h2, at a pressure of 1. 39 atm. Assuming ideal behavior, how many grams of acetylene are in the tank?. PLEASE HELP ME!!RACHEL:Hi everyone. Today we are going to talk about the short story "In My Dream," by Sarah Parker. Let's just jump right in, O.K.? What do you think the recurring dream meant? HOLLY: I think the dream represents her own ambitions. She keeps dreaming about ballet shoes, and she doesn't know why. But she clearly has associations with them that are haunting her. Like unfinished business. EMMA: I agree. The dream always recurs when she doubts herself. It's like the dream is an unanswered question from her past. NATASHA: But wait are you sure she doubts herself? I think it's more like she's going through a stage where she's changing a lot and growing as a person. That's when she has the dream. RACHEL: Right. Let's take a closer look. Right after she gets a new job, she dreams about ballet shoes. When she graduates from college, she has the dream. She also has it when she is experiencing grief, but it definitely happens when she's happy. It's just change that's the big factor, I think. HOLLY: That's an interesting point. We are out of time, but let's pick up on that idea when we meet next.Which student is most clearly demonstrating the skill of outlining a discussion plan?A.Emma B.Natasha C.Holly D.Rachel Match the categories in the first column with examples in the second column. 1. Good for watching movies smart phone 2. Maximum power with small size PDA 3. Older style mobile devices that may or may not have Internet connectivity tablet computer Estimate the difference by rounding each mixed number to the nearest half or whole number. 8 4/10 - 2 1/7 complete the square to solve the equation below. check all that apply. x^2 + 8x - 1 = 19 if the ratio of the sides of a triangle are 13:14:15 and its perimeter is 84 cm, find the area of the triangle. There were HIPAA violations around PHI data security, storage and handling identified in the file servers of the administrative building. Identify an administrative control to remediate the HIPAA violations. describe two events from the life of the prophet that illustrate the way he treated non muslims