Which of the following choices is not found in a decision-making grid?         benefit not taken         revenue         opportunity cost         benefit

Q: Gains from Trade - End of Chapter Problem Some people enjoy gardening and will grow their own…

A: The gains from trade demonstrates the advantages of specialization and exchange between individuals…

Q: concepts of Market actions and its implications.

A: Market action: Market action refers to that market that reflects all relevant information and…

Q: find a current article about any micro economics topic and explain the two sides of the topic using…

A: MICRO ECONOMICS- micro economics implies the study of the aspect of economy at individual level.it…

Q: Question 7 Cindy is planning to sell her house. She is considering making two upgrades for the house…

A: Marginal Cost: It refers to the additional cost incurred when one more unit of a good is…

Q: If high-speed Internet is provided for free in the airport of the city of Communityvill. If only a…

A: a. Initial Stage: Public GoodPublic Goods: When high-speed Internet is provided for free in the…

Q: Refer to the Front Page article to answer one question. FRONT PAGE Recycling Wastes Money New York…

A: A budget proposal refers to a detailed document comprising of all the information about the expected…

Q: ch statement best describes how scarcity is an important part of business ecobomics

A: Business economics describes the application of economic principles and access to business…

Q: Few organizations (like restaurants) offers both goods & services. What attribute of quality the…

A: Goods are described as items or commodities that can be seen, felt, or touched i.e tangible, and are…

Q: Putting Virtual Reality on the Market: Is It Possible?

A: virtual reality markets include brands advancing themselves and their items by utilizing virtual and…

Q: _______ A system where individuals own and operate themajority of businesses

A: Economics is the study of efficient allocation of the scarce resources in the economy. Resources are…

Q: If it's worth doing, it's worth doing to the best of your abil-ity." What is the economic…

A: The problem is between the utter and obvious meaning behind the widely accepted motto: "If it is…

Q: Demand, supply, cost, opportunity cost, prices, income, preferences, utility, choice, etc. Using…

A: Demand for a commodity the desire backed by ability to buy and willingness tp pay for the commodity.…

Q: Where can QGIS/Basic Geographic Information System can be used in the field of economics?

A: Introduction  Geographic Information System  GIS is nothing but collection of computer programs,…

Q: how does transportation address the economic problem of scarcity

A: Scarcity refers to the limited availability of economic resources with the economies. The economic…

Q: What makes applied economic as an instrument and decision-making of an individual and government

A: Economics is a discipline that incorporates the major analysis on the micro and macro aspects of the…

Q: Automobile manufacturers produce a range of automobiles such as sports utility vehicles, luxury…

A: Including a variety of vehicles, including sport utility vehicles (SUV), luxury cars, trucks, and…

Q: Define marginal benefit. Show the efficient point using a marginal cost/benefit diagram

A: Marginal benefit is defined as additional benefit derived from the consumption of one more units of…

Q: Describe how and why people and businesses make decisions based on marginal costs and marginal…

A: The firm or individual makes decision based on the equilibrium between the marginal cost and…

Q: Review the six core principles of economics, from topic 2 this week. People choose All…

A: 6 core principles 1.People choose Because there is scarcity,therefore people have to choose between…

Q: Popular software can cost thousands of dollars even though the marginal cost of producinganother…

A: Meaning of Marginal Cost: The marginal cost refers to the situation under which the firm or an…

Q: "Company A is willing to produce more generators if the price of a unit is $10,000 than if the price…

A: Supply is known as the quantity of the good which the producers are willing to produce and offer for…

Q: Which of the following is an example of lower production costs brought about by the use of…

A: The quantity supplied of the good is defined as the amount of the good the firms are willing and…

Q: Summarize the general framework for benefit-cost analysis?

A: A cost benefit analysis compares the estimated costs and the estimated benefits of any project to…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: The PPF of Eric is displayed in sky blue 🔵 while that of Ginny is displayed in purple 🟣. Approach…

Q: Describe the Incremental Benefit-Cost Ratios?

A: Incremental Benefit-Cost Analysis is an analysis to determine whether the investor to go ahead with…

Q: Emmanuel likes gardening. He grows zucchini that he sells at the local farmers' market. The table…

A: Marginal benefit can be calculated the subtraction of TBn-1 from TBn. marginal benefit for 2nd hour…

Q: What is meant by economizing of resources?

A: In our economy, we are not having unlimited resources. The resources are limited in nature and thus…

Q: Jim is at an all-you-can-eat buffet and is considering whether or not to get another plateful of…

A: Answer: Introduction of explanation: Marginal analysis is a method of making decisions based on the…

Q: A customer requests one additional item to be produced by a manufacturer. The manufacturer must…

A: The objective of the question is to identify the economic term that refers to the additional cost…

Q: 5. Wireless high-speed internet in provided for free at an airport in a smaller city (like…

A: Kindes of goods: In public economics, one studies the various kinds of goods in the economy. The…

Q: Mr. Adam has recently graduated from NSU and is now thinking of starting an MBA in the USA. How can…

A: Companies employ a cost-benefit analysis to identify which decisions to make and which to avoid. The…

Q: Continue with the information above, but suppose the college suddenly announces that course fees are…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Can you apply the design principles and elements of visual media and information to motion media and…

A: Motion media and information to motion media have basically been derived from design principles and…

Q: What is the difference between an Internal Customer and an External Customer? Why are both equally…

A: External Customers are those customers to whom the business is having business dealing for selling…