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crimeas [40]
3 years ago
8

On a short road trip, if Mary spends her entire budget on gas and diner meals, Mary can afford either 35 gallons of gas or 7 din

er meals. What is the opportunity cost of one diner meal?
Business
1 answer:
sladkih [1.3K]3 years ago
6 0

Answer:

The cost of opportunity of one diner meal is  5 gallons.

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.  

It represents the benefits that you miss out on when choosing one alternative over another.  

In this case, the cost of opportunity of one diner meal is the quantity of gallons that you sacrifice.

7 diners = 35 gallons

1 diner = 35*1/7= 5 gallons

The cost of opportunity of one diner meal is  5 gallons.

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What was the ratio of per capita income in each of the following countries to that in the United States in the year 2010:
svet-max [94.6K]

Answer:

For   Countries (per capita)          United States of America (per capita)

<u> Ethiopia: </u>        

$380                                               $48,468

<u>Mexico:    </u>                                      

$9,271                                             $48,468

<u>India:</u>

$1,358                                             $48,468

<u>Japan:</u>

$44,508                                          $48,468

Explanation:

Ratio per Capita also known as Gross Domestic Product per Capita (GDP Capita) is the monetary measure of the market value of all the final goods and services produced in a specific time period within the country in view. <em>It is useful for comparing national economies of different countries on the international market.</em>

3 0
3 years ago
Approximately 80% of the population on madagascar consists of subsistence farmers who use a slash and burn technique called ____
crimeas [40]

Approximately 80% of the population on Madagascar consists of subsistence farmers who use a slash and burn technique called Tavy to clear forests. This traditional Malagasy farming method Taly is used to clear forest for farming land. The method involves setting vegetation alight after being cut down, creating potential land for rice cultivations.

8 0
3 years ago
g Assume the following sales data for a company: Current year $764,442 Preceding year $509,074 What is the percentage increase i
IgorLugansk [536]

Answer:

50.16%

Explanation:

The percentage increase in sales from the preceding year to the current year can be calculated as:

\frac{P_c-P_p}{P_p}\cdot 100

where:

P_c is the sale for the current year

P_p is the sale for the preceding year

From the sales data of this problem, we have:

P_c=\$764,442 (current year)

P_p=\$509,074 (preceding year)

Therefore, the percentage increase in sales is:

\frac{764,442-509,074}{509,074}\cdot 100=50.16\%

5 0
3 years ago
Society cannot produce all that it wants what is this called
xxTIMURxx [149]
It would be called scarcity.
5 0
3 years ago
If you are a DECA member, tell me why, and what you think about it.
Ne4ueva [31]

Answer:

i am

Explanation:

i like deca but i dont at the same time it tends to get annoying

3 0
3 years ago
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