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Anit [1.1K]
3 years ago
6

Opportunity cost is A. the idea that because of​ scarcity, producing more of one good or service means producing less of another

good or service. B. when unlimited wants exceed the limited resources available to fulfill those wants. C. the highest valued alternative that must be give up to engage in an activity. D. when consumers and firms use all available information as they act to achieve their goals.
Business
1 answer:
Eduardwww [97]3 years ago
5 0

Answer:

the highest valued alternative that must be give up to engage in an activity

Explanation:

If Mara leaves her job that pays her $50,000 per annum to start her company where she makes $200,000 per annum, her opportunity cost is $50,000. It is the next best alternative she forgoed in order to start her company.

I hope my answer helps you.

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Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s recor
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Answer:

Equity at August 1st                                       0

adds: Carmen Camry Investment    101,4000

Net Income                                               5,410

Subtotal                                                106,810

Withdrawals                                           -5,950

Carmen Camry capital account at the end of August 31th  100,860

Explanation:

We have to calculae the net income

Fees earned                            26,960

office                           5,200

rent expense                   9,500

salaries expense           5,560

telephone expense      820

miscellaneous expenses    470

Total Expenses         21,550

Net Income                            5,410

Then we do the equity stamtent:

beginning + investment + net income - withdrawals = ending

Equity at August 1st                                       0

adds: Carmen Camry Investment    101,4000

Net Income                                               5,410

Subtotal                                                106,810

Withdrawals                                           -5,950

Carmen Camry capital account at the end of August 31th  100,860

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