Hakeem wants to diversify his investment portfolio. He wants an asset with

the opportunity cost of going to a movie is: the money spent on the ticket only. all of the other movies that could have been se

labwork [276]

the opportunity cost of going to a movie is: the total cash expenditure needed to go to the movie plus the value of your time.

What you forgo in order to get a thing is its opportunity cost. In this situation, the opportunity cost of attending a movie comprises both the overall cost of admission and the value of the time you forwent to see the film.

<h3>What is an example of opportunity cost?</h3>

Opportunity costs give decisions that appear simple context. Think about the price of graduate school. By adding up the price of tuition, board, books, and other educational expenses over the necessary number of years at your top-choice university, you might theoretically calculate this cost. Let's zoom in though. What other options are there? First of all, you shouldn't even think about paying for room and board because you'll need to do so regardless of whether you go graduate school (unless you're moving back into your mother's basement). Additionally, by choosing to go graduate school, you forgo the money you would have earned had you chosen to start working after receiving your bachelor's degree.

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4 0

2 years ago

A Six sigma (6s) approach to quality focuses on preventing defects by using customer feedback to reduce variation and waste. Gro

andre [41]

Answer:

False

Explanation:

Six sigma is a tool used by organizations to improve their processes and reduce defects, to improve quality of their products or services.

It focuses on reducing variation in the business processes (from manufacturing, sales, delivery, to customer service), to reduce defects and increase the quality of goods and services. It also generally improves organizational performance and increases profit.

Six sigma does NOT focus on customers feedback to reduce variation and waste.

3 0

4 years ago

If the price of good x is $10 and the price of good y is $5, how much of good x can the consumer purchase if her income is $15 a

S_A_V [24]

1.5 units of good x can the consumer purchase if her income is $15 and she spends it entirely on purchasing good x.

A budget constraint in economics refers to all the combos of goods and services that a consumer can buy given current prices and his or her given income.

Consumer theory examines the parameters of consumer choices using the theories of a budget constraint and a preferential map.

In the two-good case, both theories have a ready graphical representation.

Consumers can only buy as much as their income allows, so they are limited by their budget.

The equation of budget constraint is:

$P_{x}$ *x + $P_{y}$ *y = m

where $P_{y}$ is the price of good X,

$P_{y}$ is the price of good Y,

x is units of good X,

y is units of goods Y,

and m is income.

m = 15

Px = 10

Py = 5

15 = 10x + 5y

Since she spends it entirely on purchasing good x

15 = 10x + 0

15 = 10x

x = 15/10

= 1.5

Hence, The consumer can purchase an amount of Good X = 1.5.

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7 0

2 years ago

Lens Care Inc. (LCI) manufactures specialized equipment for polishing optical lenses. There are two models - one mainly used for

zmey [24]

Answer:

1. Product cost for model B-13

Various Manufacturing cost = Cost driver * Activity Rate

Materials handling = 180 parts x $2.40 = $432.00

Manufacturing Supervision = 7.50 machine hours x $14.80 = $111.00

Assembly = 180 parts * $3.30 = $594.00

Machine setup = 3 setups * $56.50 = $169.50

Inspection and testing = 1.50 inspection time * $45.50 = $68.25

Packaging = 0.75 packaging time * $19.50 = $14.63

Total Manufacturing cost =$432.00 + $111.00 + $594.00 + $169.50 + $68.25 + $14.63 = $1389.38

Particulars Amount$

Direct Materials 150.50

Manufacturing cost 1,389.38

Total Product cost 1,539.88

The product cost for model B-13 is $1,539.88

2. Product cost for model F-32

Various Manufacturing cost = Cost driver * Activity Rate

Materials handling = 110 parts * $2.40 = $264.00

Manufacturing Supervision hours = 6.20 machine hours * $14.80 = $91.76

Assembly = 110 parts * $3.30 = $363.00

Machine setup = 2 setups * $56.50 = $113.00

Inspection and testing = 1.25 inspection time * $45.50 = $56.88

Packaging = 0.50 packaging time * $19.50 = $9.75

Total Manufacturing cost = $264.00 + $91.76 + $363.00 + $113.00 + $56.88 + $9.75 = $898.39

Particulars Amount$

Direct Materials 95.90

Manufacturing cost 898.39

Total Product cost 994.29

Hence, the product cost for model F-32 is $994.29.

3. Particulars Amount$

Sales 1,690.00

Less: Product cost 1,539.88

Product Margin 150.12

Hence, the product margin for Model B-13 is $150.12

4. Particulars Amount$

Sales 922.00

Less: Product cost 994.29

Product Margin -72.29

Hence, the product margin for Model F-32 is -$72.29

8 0

4 years ago

You can assume that all fluids you will reason about in this course are incompressible. what does incompressible mean?

elena-s [515]

An incompressible fluid is a fluid that retains the same density and volume regardless of any amount of pressure placed on it; it is not compressible at all.

5 0

4 years ago