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3 years ago

Lisa is choosing between three alternatives:

2 answers:

7 0

Opportunity cost is something you gave up to do the other thing you want to do. This is basically the loss of potential gain you can have on a certain alternative because of choosing the other alternative. In this problem, the opportunity cost of writing the term paper is $140 dollars. This can be break-down as follows:

a. $60 opportunity cost she has given up for not working on her job

b. $80 opportunity cost she has given up for not going out with a friend

Tema [17]2 years ago

3 0

Answer:

The correct answer is: $100 (dollars).

Explanation:

Opportunity cost is what a person sacrifices when they choose one option over others. It represents the difference between the choice that was taken and the options that were left on the table. Its formula is:

Opportunity Cost = FO - CO

FO = Return on best foregone option
CO = Return on chosen option

In the case, if Lisa chooses to write the term paper:

FO = Working on her job + Going out with a friend
FO = $60 + $ 80
FO = $140

CO = Writing the term paper
CO = $40

Opportunity cost = FO - CO
Opportunity cost = $140 - $40
Opportunity cost = $100

So, the opportunity cost of writing the term paper is $100.

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Eleanor and Darnell need to decide which one of them will take time off from work to complete the rather urgent task of shearing

Naily [24]

Answer:

Eleanor has the lowest opportunity cost of completing the task. Opportunity cost of $80.

Explanation:

opportunity cost calculations

Eleanor; she earns $160 per hour and can complete the task in 30 minutes therefore we convert the minutes to hours 30/60 = 0.5hours

$160 *0.5hours = $80

Darnell ; he earns $25 per hour and it will take him 5 hours to complete the task , his opportunity cost is $25 *5 =$125.

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2 years ago

The Food and Drug Administration is targeting salt in processed foods as a health hazard, and some experts believe the agency wi

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Answer:

d) objective research

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3 years ago

Can somone awnse r my math question in my questions on my profile caus im low in math

bazaltina [42]

Answer:

Yeah

Explanation:

Thats fine let me answer them.

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2 years ago

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Angelina_Jolie [31]

Answer:

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They include: treasury bills, treasury notes, treasury bonds, and treasury certificates.

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2 years ago

You have a workbook that contains sales data for different regional sales reps of a company. which task is the least likely to b

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2 years ago