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lord [1]
3 years ago
8

For high school graduation, Ryan’s family is giving him a choice between two presents that are both worth $900. He can choose ei

ther a new laptop that’s loaded with graphic design programs he will need for art school, or he can choose to go to a surf camp in Mexico with three of his best friends from high school. What is the opportunity cost of Ryan chooses the laptop?
Business
1 answer:
yulyashka [42]3 years ago
3 0

Answer: The Mexican trip with his best friends

Explanation:

Ryan cannot choose both options and thus has to make a decision of which option to take. Therefore he automatically sacrifices the other option. This type of decision is relevant and is known as a relevant cost. Relevant costs are costs that differ between alternatives, and thus influence the decision that you will make.

Opportunity cost is a type of relevant cost. This is the option that is given up / sacrificed when one option (laptop) is chosen over another (Mexican trip). In this case the opportunity cost is the Mexican trip when the laptop is chosen.

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What key features should you point out when demonstrating 2022 kicks’ efficient performance?.
SVETLANKA909090 [29]

Xtronic CVT, D-step transmission tuning and 1.6-liter DOHC engine are the key features to point out when demonstrating the  kicks’ efficient performance.

<h3>What is the Kick efficient performance?</h3>

The vehicle's efficient performance is a features that aims to increase the performance of the car engine while being driven.

Hence, the key features to point out when demonstrating the  kicks’ efficient performance includes:

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Read more about efficient performance

<em>brainly.com/question/17370171</em>

6 0
2 years ago
Suppose that velocity is 3 and the money supply is $600 million. According to the quantity theory of money, nominal output equal
Tamiku [17]

Answer:

$1,800 million

Explanation:

According to the quantity theory of money , velocity = nominal output / money supply

If velocity is 3 and money supply is $600 million, nominal output = $1,800 million .

I hope my answer helps you

3 0
3 years ago
If the general education level within a country rises significantly over time, it is likely that: the country’s production possi
kiruha [24]

Answer: Option (D) is correct.

Explanation:

Correct: The country’s production possibilities curve will shift out.

The production possibility frontier shows different combination of two goods that are to be produced with the available resources. It also shows the point on the curve which represents the efficient level of quantity to be produced.

So, if there is any improvement in the factors such as technology advancement and level of education will generally results in higher economic growth and increase in the level of output.  

Hence, there is an outward shift in the production possibility frontier.

6 0
3 years ago
How do the subheadings under "after high school" contribute to the organization of "career planning for high schoolers."? by inf
Delicious77 [7]

I believe the answer is: by informing readers of the education options being described

By putting the phrase  "After high schools" ,  readers would know that the information that being put below the phrase would include the set of options/paths that can be done after graduation. In most career planning forms, it would contain information regarding college, scholarships, and the type of careers that can be taken with current high school diploma.

3 0
3 years ago
Read 2 more answers
g . Suppose that, as a result of a decrease in the market supply of labor, the wage rate has risen 10%. After adjusting its empl
Julli [10]

Answer:

the firm's demand for labour is elastic. the total wage bill decreased even though wage rates have increased. this indicates that the firm's demand for labour is sensitive to wages. As a result of the rise in wages, the demand for labour by the firm fell more than the rise in price. This indicates that demand is elastic

Explanation:

5 0
2 years ago
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