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2 years ago

What was the opportunity cost for lebron james when he determined to directly enter the nba?

1 answer:

3 0

LeBron James is one of the best basketball players in the country, was selected by the Cleveland Cavaliers as the first pick in the 2003 NBA draft, signing a three-year contract worth almost $13 million, with an option for a fourth year at $5.8 million. Had he decided to attend college instead, James would have incurred an opportunity cost of at least $19 million in forgone income to earn a four-year college degree.

Opportunity cost is the value you would gain or lose if you choose a different path or solution. The opportunity cost in this scenario is deciding to play in the NBA since college was too expensive. LeBron James ultimately saved time and money by taking the detour because he received a contract worth close to $13 million; otherwise, he would have had to pay more and spend more time attending a four-year college.

LeBron's decision to join the NBA right after high school graduation has an opportunity cost because he might have attended a four-year university or college instead. He was chosen by the Cleveland Cavaliers as the first overall choice in the 2003 NBA Draft

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The only way workers in industrialized countries can compete with their counterparts in the developing world will be through:

ANEK [815]

Answer: D. Increased productivity by using technologically-intensive manufacturing technologies.

Explanation:

Technology has made work easier in many industies. Artificial intelligence has made things much easier, involving lots of robots and reducing human efforts, which tends to make things faster and smarter. People who work in industies of industrialized countries can compete with those of developed world by technology, because both party make use of technology, so the input and output from their industry would be same based on the facilities they use.

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3 years ago

On March 31, the end of the first year of operations, Barnard Inc., manufactured 4,300 units and sold 3,700 units. The following

wolverine [178]

Answer:

Cost of Goods Manufactured = $115 per unit

Fixed Manufacturing Overhead = $53 per unit

Absorption product cost per unit = $168

Explanation:

given data

manufactured = 4,300 units

Variable Costing = $494,500

Fixed manufacturing costs = $227,900

solution

so here we get Cost of Goods Manufactured per unit that is

Cost of Goods Manufactured = $494,500 ÷ 4,300

Cost of Goods Manufactured = $115 per unit

and

now we get Fixed Manufacturing Overhead Per Unit will be

Fixed Manufacturing Overhead = $227,900 ÷ 4,300

Fixed Manufacturing Overhead = $53 per unit

and

now we get Variable Product cost Per Unit that is

Variable Product cost = Cost of Goods Manufactured per Unit = $115

Absorption product cost per unit = $115 + $53

Absorption product cost per unit = $168

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3 years ago

Bengal Co. provides the following unit sales forecast for the next three months: July August September Sales units 5,000 5,700 5

Aloiza [94]

Answer:

The budgeted production of the units for the month of July are 5,175 units

Explanation:

The budgeted production of the units for the month of July is computed as:

Budgeted production units for July = July units + 25% of August units - Ending inventory of June

where

July units is 5,000 units

August units is 5,700

So, 25% will be:

= 5,700 × 25%

= 1,425

Ending inventory of June is 1,250 units

So, putting the units above:

Budgeted production units for July = 5,000 units + 1,425 units - 1,250 units

Budgeted production units for July = 6,425 units - 1,250 units

Budgeted production units for July = 5,175

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3 years ago

Do you think that customers are impressed with the effort that Gap has made to respond to the need to have more worker friendly

KonstantinChe [14]

Answer:

Yes, I think that customers are very impressed with their customer service

Explanation:

I'm impressed.

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3 years ago

Jenna would like to work as a computer programmer. While in college, Jenna worked in a bookstore, where she eventually moved up

TiliK225 [7]

<span>the answer d Jenna is incorrect; working in the bookstore gave her the management experience valuable in different fields.
Even though jenna's decision is correct in quitting her job in the bookstore and start to pursue her dream, her view on her previous job is wrong.
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4 years ago

Read 2 more answers