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Fynjy0 [20]
1 year ago
8

Gas costs $3 per gallon at a nearby gas station. there is a gas station about an hour away that has gas for sale for $2.90 per g

allon. salvador plans to drive an hour to and from this gas station to fill his car up with 10 gallons of gas. what should salvador understand before he launches into his plan?
Business
1 answer:
charle [14.2K]1 year ago
8 0

The correct option is C.

He will likely lose money by driving an hour to get the discount gas.

<h3>What is  the opportunity cost ?</h3>

When compared to engaging in an alternative activity that offers a higher return on value or benefit, the opportunity cost of a specific activity option is the value or benefit that would be lost by doing that activity.

The word "opportunity cost" in economics describes the worth of what you must forgo in order to chose something else. It's a value of the path not traveled, to put it briefly.

<h3>Given that:</h3>

Gas is $3 per gallon.

The price per gallon is $2.90.

With 10 gallons of gas, the Salvador intends to go for an hour.

This means that the saver will have to spend money on gas by driving the car.

To know more about opportunity cost visit:

brainly.com/question/23950352

#SPJ4

I understand that the question you are looking for is:

Gas costs $3 per gallon at a nearby gas station. There is a gas station about an hour away that has gas for sale for $2.90 per gallon. Salvador plans to drive an hour to and from this gas station to fill his car up with 10 gallons of gas. What should Salvador understand before he launches into his plan?

A. The $30 savings are worth the drive to the other gas station.

B. He will save $3 by driving an hour to get the discount gas.

C. He will likely lose money by driving an hour to get the discount gas.

D. It is always better to buy something at the lowest price available.

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The endpoints (horizontal and vertical intercepts) of the budget line: Group of answer choices represent the quantity of each go
erik [133]

Answer:

represent the quantity of each good that could be purchased if all of the budget were allocated to that good.

Explanation:

The budget line is a graph which shows the two combinations of goods a consumer can consume given price and income level

<u>Properties of the budget line </u>

  1. When income increases, the budget line shifts outward and shifts inward when income decreases
  2. the horizontal and vertical intercepts represent  the quantity of each good that could be purchased if all of the budget were allocated to that good.
  3. the budget line is a straight line. This indicates that the marginal rate of substitution is constant
  4. the budget line is negatively sloped
4 0
3 years ago
Shawn Bixby borrowed $39,000 on a 150-day, 9% note. After 80 days, Shawn paid $4,200 on the note. On day 113, Shawn paid an addi
shutvik [7]

Answer:

1,073.54 total interest

Explanation:

39,000 x 9% x 80days/360 = 780 interest expense

Payment 4,200 - 780 = 3,420 deducted form the note:

39,000 - 3,420 = 35,580

35,580 x 9% x 33/360 = 293.54 interest expense

6,200 - 293.54 = 5,906.47 deduced form the note

35,580 - 5,906.47 = 29,673,53

293.54 interest expense

780 interest expense

1,073.54 total interest

4 0
3 years ago
Beranek Corp has $720,000 of assets (which equal total invested capital), and it uses no debt—it is financed only with common eq
lozanna [386]

Answer:

firm must borrow $288000 to achieve the target debt ratio

Explanation:

given data

assets = $720,000

debt to total capital ratio = 40%

to find out

How much must the firm borrow to achieve the target debt ratio

solution

we get here debt here by Debt to Total capital ratio that is express as

Debt to Total capital ratio = Debt ÷ (  Debt + Equity  )   ....................1

put here value we get debt

0.40 = \frac{debt}{720000}

debt = $288000

so firm must borrow $288000 to achieve the target debt ratio

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3 years ago
A manufacturer replenishes their packaging materials according to the economic order quantity model. They use 25,000 cases of pa
Sergio [31]

Answer:

$300,000 in total, $6000 per order

Explanation:

25,000/500 = 50

50*12=600

500*12=6000

50*6000=300000

7 0
3 years ago
Read 2 more answers
Cushman Company had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000, cost of goods sold o
patriot [66]

Answer:

Gross profit equals $420,000

Explanation:

To get gross profit , we only discount the cost of goods sold from the Total sales

Gross profit Formula= net sales – cost of goods sold

Gross profit =$800,000- $380,000

Gross profit =$420,000

We use sales returns and allowances, sales discounts and operating expenses to get net income.

5 0
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