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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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Bonds that are purchased with the intent of selling them in the near future to take advantage of short-term price changes are cl
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Answer:

C. Trading Securities

Explanation:

Trading securities refer to those securities which are purchased not with the intention of holding them till maturity, but to realize the gains arising as a consequence of short term price movements.

Bonds refer to debt instruments issued by the borrower for raising long term finance whereby the borrower promised to pay fixed coupon rate of interest on timely basis and principal repayment upon redemption.

In the given case, bonds purchased with the intention of selling in the near future with an objective to benefit from short term price movements represent trading securities. The benefit would be in the form of short term capital appreciation.

5 0
3 years ago
Wonk is a unique furniture company that design, builds, and retails in Brooklyn, NY. You can customize your design with creative
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Answer:

Make-to-order manufacturing.

Explanation:

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Process characteristics:

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-Role of capacity rather than inventory

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3 years ago
Imagine that Eveready has developed solar rechargeable batteries that cost only slightly more to produce than the rechargeable b
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4 0
3 years ago
An employee earns $16 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. assume that the employee w
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Total pay for this week = $16*40 + $16*1.75*10 = $920

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Total Gross pay = 920 +23,200 = $24,120

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Medicare = 0.015*24,120 = $361.80

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2 years ago
The price of beef rises significantly, what will happen in the market for fast-food hamburgers assuming nothing else happens in
romanna [79]

Answer:

Option (c) is correct.

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5 0
3 years ago
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