Answer: d. a two year opportunity cost of $40,000 after leaving her teaching position.
Explanation:
The opportunity cost of a decision refers to the returns from the next best alternative to that decision that you would miss out on for taking the decision you took.
The next best alternative here is to teach in a school for $44,000 a year. She is giving this up for 2 years so she is giving up pay of $88,000.
However, she will be making $24,000 a year from the dance company so her net opportunity cost is:
= Amount from high schools in 2 years - Amount from dance company in 2 years
= 88,000 - (24,000 + 24,000)
= $40,000
Consumer demand, Opportunity cost
Answer:
False
Explanation:
International Product Cycle is a model that patterns international manufacturing & trade of product . It has 4 stages :
- Introduction - Innovated Invention in a developed country. Limited production & consumption, no competition
- Growth - Spread to other developed countries, foreign production & competition starts, consumption & coverage rise.
- Maturity - Spread to developing countries, stagnant growth in developed countries & fast growth in less developed countries
- Decline - Spread to less developed countries, technology outdated, various substitutes emerge & no. of sellers decline, demand still exist in less developed countries.
So: the next stage after 'Innovated Invention' in a developed country X is - its growth in other developed countries, not 'manfacturing in developing countries' (reflected in 3rd maturity stage).
Answer:
Explanation:
Growth rate of GDP per worker = growth rate of technology + capital share X growth rate of capital per worker
0.01 = growth rate of solow residual + 0.3*0.005
growth rate of solow residual = 0.0085 =8.5%
Answer:
<u>Disseminator </u>
Explanation:
Under disseminator managerial role, the manager is concerned with transmission of information received from outsiders or insiders to other members of the organization.
The role involves forwarding of mails, reviewing of sessions with subordinates, etc. It involves communication of important information with colleagues and team members.
In the given case, Joella, the marketing manager reports to her supervisor via e-mail, the extent to which her team has met the targets and the difficulties encountered in meeting the targets. Thus, Joella is serving in the disseminator managerial role wherein, she communicates important information via mails and reviews the work performed by her subordinates.