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Mkey [24]
3 years ago
12

A country produces only apples and bananas. Moving from point A to point B along its production possibilities frontier, 5 apples

are gained and 4 bananas are forgone. What is the opportunity cost of an apple?A. 4/5 of a bananaB. 1 appleC. 5/4 of a bananaD. 4 bananasE. none
Mathematics
1 answer:
Talja [164]3 years ago
5 0

Answer:

A. 4/5 of a banana

Step-by-step explanation:

Given that a country produces only apples and bananas.

Moving from point A to point B along its production possibilities frontier, 5 apples are gained and 4 bananas are forgone

i.e. preferences for 5 apples are equal to 4 bananas

5 apples = 4 bananas

Let us calculate unit rate i.e. how much 1 apple is equivalent to.  this would give the opportunity cost, namely the cost of gain of 1 apple

1 apple= \frac{4}{5} banana

Hence opportunity cost = 4/5

i.e. Option A is right

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3 years ago
1. Based on the current market rates for bonds of Frenza, Nelo, and Lika, which of the following bonds do lenders believe has th
Radda [10]

The net income and return on equity for the first part for Frenzo will be $100000 and 25%.

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The net income and return on equity for the first part will be:

Net income = $100000 - 0 = $100000.

Return on equity = (100000/400000) × 100 = 25%

The net income and return on equity for the second part will be:

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7 0
2 years ago
In 2003, the price of a certain automobile was approximately $32,000 with a depreciation of $1,740 per year. After how many year
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Answer:

The correct answer is 5 years i.e. 2008.

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Price of the automobile in 2003 is $32000.

Depreciation per year is given by $1740.

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Value depreciated for t years is given by $ (1740t).

The final value of the car after t years is given to be $23300.

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