1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vampirchik [111]
1 year ago
6

Explain why a relative price is an opportunity cost. The money price of a pound of bananas is $0. 90 and the money price of a tu

be of toothpaste is $2. 25
Business
1 answer:
dimaraw [331]1 year ago
6 0

The opportunity cost is stated in relative pricing, that is, the price of one option in comparison to another.

When there are numerous vendors in a market but no one is significant enough to control the price of a product. Because both items must be produced, the relative price must match the opportunity cost. If the opportunity cost of one good is lower in the home country than so will be the relative price.

As bananas cost $0.90 per kg, so, if  a toothpaste is  for $2.25, we are forgoing 2.25 kgs banana (2.25/0.9). Thus, the opportunity cost is 2.5 kg bananas which is equal to the relative price of bananas.

Therefore, relative price is an opportunity cost.

To know more about relative price click here:

brainly.com/question/14187254

#SPJ4

You might be interested in
An advantage of absorption cost transfer pricing arises from the fact that Select one: A. This method keeps the purchasing divis
Roman55 [17]

Answer:

This method encourages the selling division to operate efficiently.

Explanation:

Absorption cost transfer pricing is very essential to determine the right amount in which goods and services will be sold in the market. It involves setting a price for a particular product with inclusion of all its variable costs.

Absorption cost transfer pricing enables an organization to maximise profit this is because all the different cost incurred during production are added to the price of the product.

7 0
3 years ago
A Blank______ does not require consumers to do anything other than buy a ticket or fill out a form for a chance to win some type
svetoff [14.1K]

Sweepstakes does not require a consumer to purchase anything aside from the the ticket they will fill out for a chance to win prices.

<h3>What is Sweepstakes?</h3>

Sweepstakes is a form of gambling in which everyone involved in the contest pay a certain amount of money and the winner is awarded with a price or the money contributed.

Therefore, Sweepstakes does not require a consumer to purchase anything aside from the the ticket they will fill out for a chance to win prices.

Learn more about Sweepstakes below.

brainly.com/question/2033774

6 0
1 year ago
Suppose you work in Management and are collaborating with Human Resources to create a regression equation to predict turnover (p
solong [7]

We can actually deduce here that when building the Complete 2nd Order Model, one can do all except: C. Create an interaction between age and each of the levels of job satisfaction.

<h3>What is Complete Second Order Model?</h3>

The complete second degree (order) model is actually known to be a polynomial model that includes the linear terms, second degree terms and the interaction term.

The options that complete the question are:

A. Create a curvilinear term for job satisfaction

B. Create an interaction between unemployment rate and age

C. Create an interaction between age and each of the levels of job satisfaction

D. Create a curvilinear term for age.

Thus, options C is the one that wouldn't be carried out in the Complete Second Order Model.

Learn more about Human Resources on brainly.com/question/25443563

#SPJ11

7 0
1 year ago
Bike St. Pete currently produces 1,000 tires per month. The following per unit data apply for sales to regular customers: Direct
Tpy6a [65]

Answer:

$78,000

Explanation:

Total cost of producing 2,000 tires:

= [(Direct materials + Direct manufacturing labor + Variable manufacturing overhead) × 2,000 units] + Fixed cost

= [($20 + $3 + $6) × 2,000 units] + ($10 × 2,000 units)

= $58,000 + $20,000

= $78,000

Therefore, the total cost of producing 2,000 tires is $78,000.

8 0
3 years ago
Online and offline marketing content is meant to drive action, which requires a focus on buyers problems. Effective brand journa
Elena-2011 [213]

Answer:

Stories  

Explanation:

Stories are the stuffs that the people hear about and like to discuss about. Stories are part of the organization culture and are a good means for an organization to affect customer choices because the issues of the customers are highlighted which helps organization to rectify its operations.

7 0
3 years ago
Other questions:
  • Officials argue that the government needs to reduce the national debt. Which actions are most likely to accomplish this goal?
    5·1 answer
  • Overton Company has gathered the following information. Units in beginning work in process 20,300 Units started into production
    11·1 answer
  • Which of the following statements is true of the current ratio? The larger the current ratio, the harder it is for the firm to p
    12·1 answer
  • ABC Corporation was organized on Jan 1, 2020. The firm was authorized to issue 100,000 shares of $1 par common stock. During 202
    15·1 answer
  • Jimbo Electronics sells navigation equipment used in airports. You have been working with the government of a western European c
    10·1 answer
  • The EZ Lawn Corporation manufactures lawn equipment such as lawn mowers, blowers, and trimmers. The lawn equipment is assembled
    15·1 answer
  • A parent holding company sells shares in its subsidiary such that the parent now owns only 65% of the subsidiary and, thus, the
    10·1 answer
  • 1. Using materials In the case and items to which you gain access through a search, describe how Aldi is creating competitive ri
    7·1 answer
  • Is Trump/Biden better at being president?
    7·2 answers
  • according to the international data corporation (idc), what is that crucial ability that will make cloud computing essential for
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!