Answer:
a. the decision to engage in one activity means forgoing some other activity.
Explanation:
Opportunity cost is the cost incurred when an economic agent forgoes some other activities to engage in one activity.
Economic agents have to make choices because wants are unlimited and resources are limited.
Opportunity cost is also known as economic cost.
An example of opportunity cost : Assume a doctor leaves his job where he earns $500,000 per annum to start his own business where his accounting profit is $700,000. His Opportunity cost is $500,000.
I hope my answer helps you.
Answer: $6,000
Explanation:
Depreciation rate = (Cost - Residual value) / Expected useful life run
= (20,000 - 5,000) / 15,000
= $1 per hour
Machine ran for 6,000 hours so depreciation is;
= 6,000 * 1
= $6,000
Answer: A - peak
Explanation:
Just took the test the other answer is wrong!!!
Answer: we can conclude Chuy plans to save $55 a week
Explanation:
Answer:
1.5 million black American millionaires.
Explanation: