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.

Answers

Answer 1

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.

Answer 2

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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Related Questions

Please write a paragraph describing your opinion on Natural Law and Legal Positivism.

Answers

The positivist thesis does not say that law’s merits are unintelligible, unimportant, or peripheral to the philosophy of law. It says that they do not determine whether laws or legal systems exist. Whether a society has a legal system depends on the presence of certain structures of governance, not on the extent to which it satisfies ideals of justice, democracy, or the rule of law. What laws are in force in that system depends on what social standards its officials recognize as authoritative; for example, legislative enactments, judicial decisions, or social customs. The fact that a policy would be just, wise, efficient, or prudent is never sufficient reason for thinking that it is actually the law, and the fact that it is unjust, unwise, inefficient or imprudent is never sufficient reason for doubting it. According to positivism, law is a matter of what has been posited (ordered, decided, practiced, tolerated, etc.). Austin thought the thesis “simple and glaring”. While it is probably the dominant view among analytically inclined philosophers of law, it is also the subject of competing interpretations together with persistent criticisms and misunderstandings.

The open fields doctrine

Answers

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.

Does this help?

What are ways that forgiveness is present or not present in the US criminal justice system?

Answers

To seek forgiveness is to begin to take responsibility. ... To seek forgiveness is to acknowledge not just the brokenness of our criminal justice system but the brokenness in each of us, and to refuse to accept a broken system that punishes some far more than others.

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U.S Appellate court
U.S District court
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Answers

Answer: Is the distric court.

Explanation:

is nearn you.

How low should your bumper be from the road ?

Answers

Some part of the bumper must fall between 16 and 20 inches about the ground on passenger vehicles, and between 16 and 30 inches on multipurpose passenger vehicles and light trucks.

Establishing partnership in community policing in South Africa?

Answers

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:

was embedded in community policing, evolved into a new concept of independent agents working together in partnership with formal structures. This form of policing conforms to the ideal of a 'multi-agency approach' whereby the police, the public, elected officials, government and other agencies work in partnership to address crime and community safety. Increasingly, comparative experiences suggest that the approach of incorporating a professional police service and a responsible public seems to be the most effective and fruitful way to create a safer environment. Countries that have established, or are in the process of establishing the 'partnership approach', are, in particular, the United Kingdom, Australia, Holland and South Africa. With no single model to fit these different contexts, those involved in policing are constantly having to use their initiative to formulate 'what works' for them. Each country is tailoring the concept to suit its own environment, people and crime problems. Basically, this is the essence of how partnership policing should be operationalised on a local level. Success stories have shown that, to create safety in all communities, local players must adapt the various partnerships to their own needs. The principle of local solutions for local issues is very important to the development of partnership policing in South Africa, where such diverse communities live side by side.

How long is a TABC certification valid

Answers

Answer: exactly 2 years is how long a TABC certification is valid

Explanation:

hope this helps :D

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

Answers

D is the answer, your welcome

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Answers

Answer:They want to know what people think is important and the rules they make about how they should interact with one another

Explanation:

Describe two ways in which the Trafficking victims law reauthorized act of 2005 protects citizens against human trafficking​

Answers

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 2005

Trafficking 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.

Learn more about Trafficking victims here:https://brainly.com/question/1163922

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Explanation:

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Answer:

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Explanation:

Immigration laws is what they are called, they try to help people stay in the United States, and help them receive citizenship

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Answer:

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Explanation:

Protects the consumer against poor service delivery.

Consumer protection law.. protects this statement

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Answers

Thank you, I appreciate the warning.

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Answers

Answer:

8

Explanation:

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Mid-term.

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Answers

Answer:

In my opinion I think so because what happened to our rights and people that don't obey the law should be the one's to pay for it not us.

hope this helps

have a good day :)

Explanation:

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Answers

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.

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Cheers

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Answer:

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Explanation:


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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.

Answers

Answer:

I belive its B or D but I would pick D I'm so so so sorry if wrong

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Answers

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.

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Answers

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.

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Answers

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.

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Answer:

Federal courts routinely uphold very broad delegations of authority. When reviewing administrative agency actions, courts ask whether the agency afforded those under its jurisdiction due process of law as guaranteed by the U.S. Constitution.

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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]

the difference between first and second-degree murder is the intent or mindset the defendant had when they took the action they did

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Answers

Answer:

1. Abandonment of a child.

2. Accomplice.

3. Acquaintance Assault

4. Acquittal.

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8. Admission.

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Answers

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.

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Answers

your answer

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 .

Thanks for the Question

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 public law.



Pls brainlest

What is the history of the dream smp to the start to curently

Answers

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 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.

Answers

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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