User Account

All Pages

Foregoing the opportunity to employ a resource

Assignment Help Business Economics
Reference no: EM133065293

The cost associated with foregoing the opportunity to employ a resource in its best alternative use is called:

  1.  A sunk cost.
  2. Total cost.
  3. Opportunity cost.
  4. The market price. 

When the price of penicillin tablets increases by 10%, the drug company's revenue decrease by 6%.  Its elasticity of demand (in absolute terms) must be:

  1.  Zero.
  2.  Greater than one.
  3.  Less than one.
  4.  Infinitely large.

Reference no: EM133065293

Questions Cloud

What is the elimination journal entry : What is the elimination journal entry accounting for the impairment of this goodwill in Lily Group consolidated financial statements for the year ended 30 June
Expected return on the zero-beta portfolio : The expected return and standard deviation of return on Asset 1 is ER1 and 0'1 respectively. The expected return and standard deviation of return on Asset 2 is
Poor developing societies : Why some experts claim that globalization is not good for poor developing societies.
Record each of these transactions : Record each of these transactions, assuming Rook has significant influence over Hook and is using the equity method to account for this investment
Foregoing the opportunity to employ a resource : The cost associated with foregoing the opportunity to employ a resource in its best alternative use is called:
Develop outline of pre-departure training : Develop outline of pre-departure training with a thorough description and explanation of training programs that you suggest for improving expatriate performance
Double declining balance depreciation : The XYZ Block Company purchased a new office computer and other depreciable computer hardware for $12,000. During the third year, the computer is declared obsol
Explain the investigative process for a disability claim : Explain the investigative process for a disability claim. What steps would you take an investigator tasked with the investigation of an individual believed to b
What is the current trend : What is the current trend (last 5 years through the 2nd quarter of 2021) in the current and capital accounts for the US? How do these trends differ from China?

Reviews

Write a Review

Business Economics Questions & Answers

  View of national income determination

"I cut production not because costs were too high, but because demand was too weak." "I cut production not because demand was too weak, but because costs were too high." Which statement best reflects the Keynesian view of national income determinatio..

  Qhow would you estimate the additional dollar cost of each

q.how would you estimate the additional dollar cost of each additional salesperson?based on your companys past sales

  Should chris invest in the picasso

Chris happens to have $400,000 currently in his bank account. Should Chris invest in the Picasso? Why or why not?

  What monetary actions federal reserve bank

What monetary actions Federal Reserve Bank should take to boost the economy from COVID-19 crisis. Explain with relevant examples.

  Q1 suppose that all the necessary conditions exist for the

q1. suppose that all the necessary conditions exist for the realization of equal wage rates in every market of labor

  Find the monetary base

Find the monetary base. Please provide the authentic solution of this problem.

  What is its weighted average cost of capital

It also has $900 million in outstanding debt. If its equity cost of capital is 15%, and its debt cost of capital is 12%, and its effective corporate tax rate

  Consume more of a good when price is low is depicted

The economic principle that consumers are willing to consume more of a good when price is low is depicted by the:

  Discuss one current challenge and one upcoming challenge

In the realm of international economics, what do you think are the greatest current and upcoming challenges facing the United States and other countries?

  Is it optimal for the buyers to bid truthfully

Is it optimal for the buyers to bid truthfully? That is, should they each bid their true value? Give an explanation for your answer.

  Strategy for persuasive writing

The three Cs in the 3C strategy for persuasive writing are

  Because you are not an expert yet on analyzing costs and

Because you are not an expert yet on analyzing costs and optimal production levels, you decide to do a very simple analysis of your short-run fixed and variable costs if you expand.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd