All categories

3 years ago

Which of the following activities describes the opportunity cost of attending an economics class?

Business

1 answer:

zhuklara [117]3 years ago

5 0

Answer:

C is the correct option

Explanation:

Opportunity cost is a concept of Macroeconomic theory. It is also known as an alternative cost. It is the value of what one gives up to choose something else. In simple terms, we can say that it is the value of the road not taken. In the above question, the value of the activities one had to leave to attend the economics class woul be known as the Opprtunity cost.

You might be interested in

In conducting their research, economists often substitute historical events and historical episodes for

podryga [215]

Answer:

b. laboratory experiments.

Explanation:

Laboratory experiments -

It refers to the practice of an experiment in a appropriate and controlled condition , is referred to as the laboratory experiments .

In this case , the experiment involve some standard conditions , which are necessary for the experiment to occur .

Hence , from the given information of the question,

The correct option is laboratory experiments.

8 0

3 years ago

Nothing can stay the same

alexandr402 [8]

Answer:

:-) -,-

Explanation:

thanks thanks appreciate it

6 0

3 years ago

Read 2 more answers

If demand for a good falls, but the opportunity cost of making the good increases, then production of the good will:________

LenaWriter [7]

Increase witch is a

5 0

3 years ago

Below are departmental income statements for a guitar manufacturer. The manufacturer is considering dropping its electric guitar

s2008m [1.1K]

Answer:

Wholesale Guitars

WHOLESALE GUITARS

Departmental Contribution Income Statements

For Year Ended December 31, 2013

Acoustic Electric

Sales $ 111,500 $ 105,500

Cost of goods sold 55,675 66,750

Variable operating expenses 29,480 24,200

Total variable costs $85,155 $90,950

Contribution margin $26,345 $14,550

Total fixed (indirect) costs $17,225 $14,750

Net operating income (loss) $9,120 $(200)

Explanation:

a) Data and Calculations:

WHOLESALE GUITARS

Departmental Income Statements

For Year Ended December 31, 2013

Acoustic Electric

Sales $ 111,500 $ 105,500

Cost of goods sold 55,675 66,750

Gross profit 55,825 38,750

Operating expenses

Advertising expense 8,075 6,250

Depreciation expense-equipment 10,150 9,000

Salaries expense 17,300 13,500

Supplies expense 2,030 1,700

Rent expense 6,105 5,950

Utilities expense 3,045 2,550

Total operating expenses 46,705 38,950

Net income (loss) $ 9,120 $ (200 )

Total operating expenses 46,705 38,950

Less fixed costs:

Advertising expense 8,075 6,250

Rent expense 6,105 5,950

Utilities expense 3,045 2,550

Total fixed (indirect) costs $17,225 $14,750

Variable operating expenses $29,480 $24,200

3 0

3 years ago

Xi-ling has a net income that is 5% of her monthly salary of $2,315. Xi-ling would like to keep a net income of $50 and put any

vivado [14]

Xi-Ling focussed on her debt management by setting aside a part of net income in paying down the debts. The amount that Xi-Ling put towards the debt is $65.75.

<h3>What is Debt Management?</h3>

Debt management is a tool that facilitates keeping the debt under control through planning and budgeting. It helps in clearing the problem of debt at an affordable pace.

Xi-Ling has a monthly salary of $2,315 out of which 5% is her net income. The net income therefore is:

$\begin{aligned} \rm Net \:Income &=\rm Salary \times 5\%\\\\&= \$2,315 \times 5\%\\\\&= \$115.75\end$

Out of the net income of $115.75, she keeps aside $50 and uses the rest in paying down her debts. Therefore, the amount used for debts is:

$\begin{aligned} \rm Amount\:used\:in\:paying\:debts &= \$115.75 -\$50\\\\&= \$65.75\end$

Hence the amount Xi- Ling put towards paying down the debts is $65.75.

Learn more about debt management here:

brainly.com/question/7924883

4 0

2 years ago