A business must decide whether to open a new office in China. If it opens the branch, it will increase its chances of selling a high volume of its products in China. On the other hand, the business will have to
spend a lot of money to make the branch operational.
What would be an opportunity cost for the business if it chooses to open the new branch in China?
A. The business would be able to increase the selling prices for most of its products.
B. The business could not use the money it spends on the new branch for something else.
C. The business would have to spend all its money making new Chinese products.
D. The business would be able to easily sell its products to many new customers.

You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer

Why does the downward-sloping production possibilities curve imply that factors of production are scarce?