If the supply of cell phones increases, the price of cell phones will reduce and the quantity of cell phones would increase.
<h3>What is the impact of an increase in the price of cell phones?</h3>
When the market of a good is in equilibrium and the supply for a good increases, the supply curve would shift to the right while the demand curve remains unchanged.
At the new equilibrium of the supply curve and the demand curve, price would be lower and quantity would be higher.
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A socially constructed category made up of people who share biologically transmitted traits
Answer: $450
Explanation:
Total tickets purchased = 2
The cost of one ticket three months ago = $100
Current price of one ticket = $225
Total cost of two tickets = $225 × 2
= $450
The opportunity cost is the benefit that is foregone by selecting some other alternative. So, here two options are available that either attend the concert or resell the ticket at $450. Therefore, the opportunity cost of attending the concert is $450.
Answer: C
Explanation: The deadwood employee is the one who habitually does the minimum amount to get by, often blaming others or the “system” when there are problems. They may have ‘retired on the job,’ or lost motivation to work, like spreading gossip and rumours somas not to put in the required energy to work or they are just generaaly lazy folks.
Answer:
B. Opportunity Cost
Explanation:
Opportunity cost is the alternative forgone or sacrifice made in other to satisfy another want. it refers to the wants that are left unsatisfied in other to satisfy another want.
In the case of Jumar, the money he earned as an office manager ($40,000) could be referred to as the opportunity cost when he started his life coaching business.
