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Nat2105 [25]
4 years ago
15

Two friends, rachel and joey, enjoy baking bread and making apple pies. rachel takes two hours to bake 1 loaf of bread and one h

our to make 1 pie. joey takes four hours to bake 1 loaf of bread and four hours to make 1 pie. what is joey's opportunity cost of baking 1 loaf of bread
Business
1 answer:
alisha [4.7K]4 years ago
6 0
<span>Joey's opportunity cost of baking 1 loaf of bread is 1 pie or 4 hours of time due to the fact that it takes Joey the same amount of time to bake 1 loaf of bread as it does to bake 1 pie.</span>
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Baxter Bakers is trying to decide whether it should keep its existing bread-making machine or purchase a new one that has techno
son4ous [18]

Based on the type of cost that the original cost of the machine is, we can say that it represents a sunk cost.

<h3>What is a sunk cost?</h3>

This is a cost that a business has already incurred as regards a certain investment or asset. This cost cannot be recovered and so should not have any weight on future decisions made.

The original cost of the existing machine of $10,000, is a sunk cost because the company has already incurred it and cannot recover it.

Find out more on sunk costs at brainly.com/question/24976252.

4 0
2 years ago
Recently, some college alumni started a moving service for students living on campus. They have three employees and are debating
dolphi86 [110]

Answer:

The employees' marginal product of labor is 2 jobs/employee.

The value of that marginal product is $160.

The moving service hire a fourth worker, as the additional revenue is greater than the additional cost.

Explanation:

The employee's marginal product of labor is the additional output that the company gets out of an additional worker, at the actual level of production. In this case, as the company would go from 3 jobs to 5 jobs with the addition of an employee, the employee's marginal product of labor is 2 jobs/worker.

The value of marginal product is the value of this additional jobs that an additional employee will bring. In this case, each job is charged $80, so the value of that marginal product is 2*80=$160.

The cost of an additional employee is 3*18=$54. As the additional income ($160) is greater than the additional cost of a employee ($54), they should hire a fourth worker.

4 0
3 years ago
Long-term goals require __________ money and __________ effort than short-term goals. A. less . . . less B. less . . . more C. m
Contact [7]

The answer is C. more.....more I just took the test.

6 0
3 years ago
The following information relates to Carried Away Hot Air Balloons, Inc.:Advertising Costs $16,800Sales Salary 15,200Sales Reven
attashe74 [19]

Answer:

$76.670

Explanation:

Manufacturing overhead is the category where all the direct and not-direct cost and expenses are incurred when a product is manufactured. Manufacturing overhead includes depreciation of manufacturing equipment, factory repair and maintenance, the direct and indirect cost of labor, and direct and indirect material used. Other expenses and costs not directly related to the manufacture of products must not be included. Expenses and costs not included (within this question): sales of sales and president salaries, advertising and office rent (if it is not explicitly broke down between factory and office spaces).

6 0
3 years ago
You founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 2 mil
Aneli [31]

Answer:

$5 million

Explanation:

Calculation for the post-money valuation of your shares

First step is to calculate the total shares outstanding after the venture capitalist's investment:

Total shares = 2 million shares + 1 million shares + 4 million shares

Total shares = 7 million shares

Second step is to calculate the Amount paid by venture capitalist

Using this formula

Amount paid by venture capitalist = Total value / Number of shares purchased

Let plug in the formula

Amount paid by venture capitalist = $5 million / 4 million shares

Amount paid by venture capitalist = $1.25 per share

Last step is to calculate the post-money valuation

Using this formula

Post-money valuation = Amount paid by venture capitalist * Shares subscribed

Let plug in the formula

Post-money valuation = $1.25 * 4 million shares

Post-money valuation = $5 million

Therefore After the venture capitalist's investment, the post-money valuation of your shares is closest to$5 million

5 0
3 years ago
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