Ethan received a gift card and was considering three options: digital camera, cell phone, and video games. After carefully thinking about it, Ethan narrowed his decision down to the digital camera and the cell phone. Finally, Ethan chose the cell phone. In 3-5 sentences, define opportunity cost and trade-off and then explain the opportunity cost and trade-off of Ethan's decision.

Answers

Answer 1
Answer: The opportunity cost is the camera, it was the next best thing.  His trade-off was the video games.  An opportunity cost is the next best thing in line.  A trade-off is the option eliminated first, there can be many trade-offs but only 1 opportunity cost.
Answer 2
Answer:

The opportunity cost was the camera, as it was the next best thing in his decision. The trade-off was the video games, as it was the first thing eliminated in his decision. There can be many trade-offs in a decision but only one opportunity cost, as trade-offs are everything eliminated and opportunity costs is the option that is not chosen out of the last two choices.

Hope this helps :)


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If the price elasticity of demand for U.S. automobiles is higher in Europe than it is in the United States, and transport costs are zero, a price-discriminating monopolist would charge:__________. a. a less profitable price for autos in the United States than in Europe. b. a lower price for autos in the United States than in Europe. c. the same price for autos in the United States as in Europe. d. a higher price for autos in the United States than in Europe.

Why are free market economies able to attain economic growth? firms offer more incentives to encourage households to purchase more goods. everyone is acting in their own self-interest, which motivates market growth. competition encourages innovation, which causes growth. consumers can purchase all the goods they need, which cause firms to produce more?

Answers

Answer:

Competition encourages innovation, which causes growth

Explanation:

The free market is an economic system based on supply and demand with little or no government control. ... Free markets are characterized by a spontaneous and decentralized order of arrangements through which individuals make economic decisions. Being a market with little or no government control limiting them , people are able to think out of the box in order beat their competitors and remain relevant thereby introducing newer brands to the market which at the long run helps to attain economic growth

Market growth It is all about the circular flow diagram. Firms produce more because there are more people willing to buy goods and they are free to do so, not a government to stop them. In addition prices are stable because of competition and there is a lot of variety for the consumer.

if george earned $50,000 and was taxed $7,500, while julia earned $80,000 and was taxed $9,000, what type of income tax structure exists in their country?

Answers

Hey there

The correct answer is regressive income tax. 

Regressive income tax is the type of income tax structure that exists in their country

the answer is regressive income tax.  


Which of the following groups decides who sits on the board of directors of a corporation?A. Consumers
B. The US government
C. American voters
D. Shareholders

Answers

Shareholders decides who sits on the board of directors of a corporation

Shareholders and board of directors

A shareholder, also referred to as a stockholder, is a person, company, or institution that owns at least one share of a company's stock, known as equity. Because shareholders essentially own the company, they reap the benefits of a business's success. These rewards come in the form of increased stock valuations or financial profits distributed as dividends.

Roles of a Shareholder

1. Brainstorming and deciding the powers they will bestow upon the company’s directors, including appointing and removing them from office

2. Making decisions on instances the directors have no power over, including making changes to the company’s constitution

3. Checking and making approvals of the financial statements of the company

Types of Shareholders

Common shareholders are those that own a company’s common stock. They are the more prevalent type of stockholders and they have the right to vote on matters concerning the company.

Preferred shareholders are more rare. Unlike common shareholders, they own a share of the company’s preferred stock and have no voting rights or any say in the way the company is managed. Instead, they are entitled to a fixed amount of annual dividend, which they will receive before the common shareholders are paid their part.

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d. the shareholders decide who sits on the board of directors

What happens when a spelling checker does not have a suggestion for a misspelled word

Answers

Answer:

The writer must correct the word

when a computer can't understand what you were trying to say because the word word is spelled so poorly, it can't give similar words because it doesn't know what your trying to say, also they are built to never ignore unless you specially tell them to, and finally it doesn't bring up the dictionary, trust me, i spell lots of words wrong.

Explanation:

Answer:

you did not mispell it

Explanation:

Typically investors purchase stocks or bonds through all of the following except

Answers

The one that is not commonly contacted by Typical investors to purchase stocks or bonds are : REALTORS

The investors will approach realtors if they want to invest their equity on properties such as land, houses , or apartment 

Realtors was correct

Many companies develop online virtual _____that mirror the experience of working in the company’s physical environment.games
chat rooms
stores
workspaces

Answers

Many companies develop online virtual stores that mirror the experience of working in the company’s physical environment.

>Because of the high advancement of technology, many companies developed virtual stores, including virtual fitting rooms, to mirror 
he experience of working in the company’s physical environment.
>Digitally enabled commerce creates a highly evolved ecosystems of buying and selling.

The answer is:

Workspaces

People that train to be a pilot or car mechanic usually practice in a virtual workspace.