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wel
2 years ago
11

s planning a cruise to Mexico and has a budget for new clothes of $300. The average price for a pair of shoes is $50 while the a

verage price for a suit is $100. Danielle already has 4 pairs of shoes purchased for her cruise, what is the opportunity cost of buying two more pairs of sh
Business
1 answer:
Tresset [83]2 years ago
3 0

The opportunity cost of buying two more pairs of shoe is 1 suit.

<h3>What is opportunity cost?</h3>

Opportunity cost is an economic term for expressing cost, in terms of foregone alternative.

Given the information above,

Her opportunity cost of consuming one extra pair of shoes instead of one suit

= $50 / $100

= 0.5 suit or half a suit

Her opportunity cost of consuming one suit instead of a pair of shoes

= $100 / $50

= 2 pairs of shoes

Hence, the opportunity cost of consuming 2 more pairs of shoes

= 0.5 suit x 2

= 1 suit

Learn more about opportunity cost here: brainly.com/question/14909550

#SPJ1

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3 years ago
How can firms ensure that their code of business ethics is read, understood, believed, remembered, and acted on rather than igno
igomit [66]

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3 years ago
An actor invests some money at 5​% simple​ interest, and ​$21 comma 000 more than three times the amount at 6 %. The total annua
pshichka [43]

Answer:

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5 0
3 years ago
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3 years ago
In most cases, the law requires that you have an emission test every two years at the time of registration or at time of sale.
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Answer:

A) true

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This requirement applies mostly to used cars. Some states do not require emissions inspections for vehicles that are less than 4 or 6 years old (depends on the state, e.g. Arizona's threshold is 6 years). Other states also allow certain old vehicles to not pass emissions inspections (e.g. Massachusetts does not requires vehicles over 15 years old to pass emissions inspections).

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3 years ago
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