This is definitely true,hope I helped you :)
Answer:
1. lost wages from not working full time.
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
A person usually has to decide between working and going to school.
If the person decides to go to school, the opportunity cost is the wages forgone .
Travel expenses, tuition, and books are the real costs of attending college .
I hope my answer helps you
Answer:
The answer is: b
Explanation:
In long-run equilibrium, the long run aggregate demand curve and aggregate supply curve intersect where the marginal revenue (revenue derived from selling an additional unit) and marginal cost (cost incurred from producing) an additional unit) are equal. In the long-run equilibrium, this intersection occurs at the lowest point of the long-run average total cost curve (curve depicting the average cost per unit of production).
Holding all else constant, short run changes in the economy would not change the potential output levels. The long-run aggregate supply curve would remain fixed at the potential level of output. However, these changes: international tensions, corporate scandals and loss of confidence in policymakers would cause shifts in the aggregate demand curve since demand would be adversely affected.
Consumer confidence is the perspective or outlook that consumers have on the state of the economy. The destabilising factors given in this scenario would raise the levels of uncertainty and perceived risk, reducing the confidence levels of consumers and ultimately resulting in reduced demand. In long-run equilibrium, when demand is reduced, it is indicated by a leftward shift in the aggregate demand curve.
Snellen chart is an eye chart that can be used to measure visual acuity by determining the level of visual detail that a person can discriminate. The newborn's vision is estimated to be 20/200 on the Snellen eye examination chart. This means the new born can see at 20 feet what a normal adult can see at 200 feet.
Answer:
The answer is $241,800
Explanation:
Step 1:
We need to find Net income.
Net income = Revenue - expense
$402,000 - $351,000
Net income is $51,000
Step 2.
Closing/ending retained earnings = beginning/starting retained earnings plus net income minus dividend.
= $202,000 + $51,000 - $11,200
=$241,800
Therefore, Retained earnings on the balance sheet as of December 31, 2016 is $241,800
