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wel
1 year ago
4

suppose that you are deciding between seeing a move and going to a concert. the movie ticket is $10. you are willing to pay up t

o $60 for the concert and the ticket costs $50. assuming that going to the concert is the next best thing to seeing a movie, the opportunity cost of going to the movie is:
Business
1 answer:
inna [77]1 year ago
5 0

The opportunity cost of going to the movie can be estimated as:

The opportunity cost of going to the movie = The price paid for the movie + The sacrifice made for the concert

The opportunity cost of going to the movie = $10 + ($60-$50)

The opportunity cost of going to the movie = $20

What is Opportunity cost?

Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs. Opportunity costs have a value that can help people and businesses make more profitable decisions. Opportunity cost is a wholly internal expense that is only utilised for strategic consideration; it is not included in accounting profit and is not reported externally.

To know more about Opportunity costs refer:

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In the boston consulting group growth-share matrix, each of the four categories in the matrix represents ______.
Mandarinka [93]

In the Boston Consulting Group growth-share matrix, each of the four categories in the matrix represents a different investment strategy

More about growth-share matrix:

The growth share matrix was developed through teamwork. It was initially drafted by BCG's Alan Zakon, who would later go on to become the company's CEO, and then improved with his colleagues.

Bruce Henderson, the creator of BCG, popularised the idea in his 1970 essay The Product Portfolio. About half of all Fortune 500 businesses employed the growth share matrix when it was at its most successful.

It continues to be a key component of corporate strategy lessons taught in business schools today.

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5 0
2 years ago
Powers Corporation has provided the following information for its most recent month of operation: sales $16,000; ending inventor
Elza [17]

Answer:

The beginning inventory was  $2000.

Explanation:

First, we need to calculate the Cost of Goods sold. The cost of Goods sold is the difference between the Sales and the gross profit. Thus, the cost of goods sold is 16000 - 10000  =  $6000

The value of the beginning inventory for the period can be calculated by using the Cost of Goods sold formula. The cost of goods sold is calculated as:

Cost of goods sold = Beginning inventory + Purchases - Closing Inventory

Plugging in the available figures in the formula,

6000  =  Beginning Inventory  +  8000  -  4000

6000 = Beginning inventory + 4000

6000 - 4000 = Beginning Inventory

Beginning Inventory = $2000

7 0
3 years ago
When a person purchases stock in a company, he is in reality loaning money to the company.?
tia_tia [17]
No , he is not.

When a person purchases stock in a company, he became parts of the owners of the company.

The company does not we him anything. If company is making profit, he get a dividend payment. If don't, it's his risk for buying the stocks

hope this helps
8 0
4 years ago
Read 2 more answers
Which ideas are good ones to keep in mind when trying to come up with a research idea?
Andreyy89

The key to locating a good research idea is to find a topic that:

4) You want to know more about

<h3>What are the 5 most important things you will require to research about your topic?</h3>

5 Steps for How to Research

Step 1: Pick a Subject.

Step 2: Are There Adequately Sources?

Step 3: Validation: Find the Finest Sources.

Step 4: Make Reminders.

Step 5: Organize Your Details.

Ideas for research problems or topics can emerge from a range of sources such as personal or professional knowledge, a theory, the media, or other research studies.

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6 0
2 years ago
If the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that ther
sweet-ann [11.9K]

If the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that there (B) are constant returns to scale.

<h3>What is the long-run average total cost curve?</h3>
  • The long-run average cost (LRAC) curve depicts the firm's lowest cost per unit at each output level, assuming that all production parameters are changeable.
  • The LRAC curve presupposes that the firm has determined the best factor mix for creating any amount of production, as discussed in the previous section.
  • To derive the long-run total cost function, we take the expansion path's total cost and quantity pairs.
  • "When all factors of production are variable, the long-run total cost function displays the lowest total cost of generating each amount."
  • If a firm's long-run average total cost curve is horizontal in a relevant production range, it shows that there are consistent returns to scale.

As the description states, if a firm's long-run average total cost curve is horizontal in a relevant production range, it shows that there are consistent returns to scale.

Therefore, if the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that there (B) are constant returns to scale.

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Complete question:

If the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that there

A. isn't a minimum efficiency scale.

B. are constant returns to scale.

C. are diseconomies of scale.

D. are economies of scale.

5 0
2 years ago
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