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Finger [1]
3 years ago
14

If a family spends its entire budget in a given time frame, the family can afford either 80 cans of beans or 35 frozen pizzas. A

ssuming the family spends its entire budget on just these two goods, what is the opportunity cost of one can of beans in the time frame
Business
1 answer:
Fofino [41]3 years ago
6 0

Answer:

7/16

Explanation:

Opportunity cost is the cost of the alternative forgone. It is also called the real cost. It is a concept in economics developed due to the fact that wants are unlimited but the resources available to meet the wants are limited. Hence a scale of preference would be drawn up for the wants in order of importance.

If the family can afford either 80 cans of beans or 35 frozen pizzas, the cost of a can of beans in terms of frozen pizza is 35/80 frozen pizza while the cost of a unit of frozen pizza in terms of beans is 80/35.

As such, the opportunity cost of one can of beans in terms of frozen pizza is 35/80 which is 7/16 in the lowest term

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natita [175]

Answer:

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3 years ago
You are a sales manager for a car dealership who wants to effectively target potential customers. Write a paper that details how
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Answer:

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Explanation:

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Olivia is working on budgeting her time between studying for school, working at a part-time job, and training for a triathlon. W
Leno4ka [110]

Answer:

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Explanation:

The strategy that Olivia could use to help manage her time is to create a daily schedule and reward herself for sticking to it because she has different things to do and the best way to complete everything is to organize the time in which she is going to perform each activity and follow that plan so she will be able to have enough time. Also, if she rewards herself for following the schedule, she would be motivated to continue doing it.

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