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3 years ago

Susan can bake 200 cookies in an hour or watch her favorite tv show. If she chooses to watch her show, her opportunity cost is

Business

1 answer:

Oksanka [162]3 years ago

3 0

Answer:

200 cookies

Explanation:

The concept of opportunity cost arises as a result of the limited resources available to satisfy the unlimited human wants.

Opportunity cost is the cost or worth of the item forgone from the list of wants. Hence is is also called real cost or opportunity foregone.

The scale of preference ranks the wants in the order of preference.

If the resources available can only satisfy the first want, the second on the list is the opportunity cost.

As such, Susan's opportunity cost is the 200 cookies she failed to bake.

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In 2011 oil production in Libya was interrupted by political unrest. At the same time, the demand for oil by China continued to

kondaur [170]

Answer:

As a result of the political unrest in Libya, the supply of oil would fall, As a result the supply curve would shift to the left. This would lead to fall in equilibrium quantity and a rise in price.

The increased demand for oil would shift the demand curve to the right. The equilibrium price and quantity would increase

Taking these two effects together, equilibrium price would rise and there would be an indeterminate effect on equilibrium quantity

Please check the attached image for a graph showing these shifts

b. As a result of the change in supply, supply would increase. This would increase equilibrium quantity and equilibrium price would fall. in addition with the increase in demand for oil, equilibrium quantity would rise and there would be an indeterminate effect on equilibrium quantity

Explanation:

7 0

3 years ago

John is a drummer who purchases his drumsticks online. When practicing with the newest pair, he notices they feel heavier than u

Vinil7 [7]

Answer:

0.0042 is the probability of the stick's weight being 2.33 oz or greater.

Explanation:

We are given the following information in the question:

Mean, μ = 1.75 oz

Standard Deviation, σ = 0.22 oz

We are given that the distribution of drumsticks is a bell shaped distribution that is a normal distribution.

Formula:

$z_{score} = \displaystyle\frac{x-\mu}{\sigma}$

P(stick's weight being 2.33 oz or greater)

P(x > 2.33)

$P( x > 2.33) = P( z > \displaystyle\frac{2.33 - 1.75}{0.22}) = P(z > 2.6363)$

$= 1 - P(z \leq 2.6363)$

Calculation the value from standard normal z table, we have,

$P(x > 2.33) = 1 - 0.9958 =0.0042= 0.42\%$

0.0042 is the probability of the stick's weight being 2.33 oz or greater.

6 0

3 years ago

In the long run, an increase in aggregate demand from a position of full employment leads to:

Bess [88]

higher prices and higher outputs

8 0

3 years ago

The annual dividend rates for a random sample of 16 companies in three different industries, utilities, banking, and insurance,

lubasha [3.4K]

Based on the information given, the results show that A.The annual dividend rate in the utility industry is significantly less than the annual dividend rate in the banking industry.

A dividend rate simply means a financial ratio that is important as it shows how much a company pays out in dividends every year relative to the stock price of the company.

In this case, the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This implies that the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry.

Learn more about dividends on:

brainly.com/question/3161471

4 0

2 years ago

Nothing can stay the same

alexandr402 [8]

Answer:

:-) -,-

Explanation:

thanks thanks appreciate it

6 0

2 years ago

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