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Give 2 alternatives and decide and explain your opportunity cost
1. The Philippine environmentalist is considering an order that a 100 acre of land in South of Batangas preserved in its natural state, because its area is home to small animal that is considered endangered species. Land developers had planned to build a housing development such as row house and other subdivisions.
2. The manager of start- up Motorbike Company is considering whether to manufacture typical motorbike or an electric bike for the next three months. Assume that the quantities of labor and other factor of production requirements would be the same for either type of motorbike.
3. A young lady who went to work as a assistant office staff in a company after graduating from grade 12 leaves her job to go to college , where he will obtain training to become permanent/ regular office staff.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
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