Opportunity cost is defined as

Business

1 answer:

natta225 [31]3 years ago

5 0

Answer:

The correct answer is A. the highest-valued, next-best alternative that must be given up to obtain something.

Explanation:

The opportunity cost is the cost of the alternative that we waive when we make a certain decision, including the benefits that we could have obtained from having chosen the alternative option.

Therefore, the opportunity cost is those resources that we no longer receive or that represent a cost due to the fact that we have not chosen the best possible alternative, when we have limited resources (usually money and time). The term opportunity cost is also referred to as "the value of the best option not selected."

Cost of opportunity In our life we have to constantly make decisions for any matter, especially if they are related to money. For example, imagine that we have 10 euros and we have several alternatives to spend them (go to the movies, take a walk in the park and save them, dine out ...), the opportunity cost is going to be the benefit that the alternative to that we have given up, fundamentally the one with the highest value.

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Melbourne Company uses the perpetual inventory method. Melbourne purchased 500 units of inventory that cost $4.00 each. At a lat

ra1l [238]

Answer:

$1,200

Explanation:

Calculation to determine what the amount of ending inventory appearing on the balance sheet will be:

First step is to determine the units in ending inventory

Units in ending inventory=500 units + 600 units – 800 units sold

Units in ending inventory= 300

Now let determine the Ending inventory

Ending inventory=300 units x $4.00

Ending inventory = $1,200

Therefore the amount of ending inventory appearing on the balance sheet will be:$1,200

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3 years ago

Setting prices for products and services requires entrepreneurs to balance a multitude of complex forces as entrepreneurs determ

Kobotan [32]

Answer:

produce a profit

Explanation:

Price refers to the amount of money that is paid by one party to another to acquire a particular commodity or in return for unit of commodities. Some of the factors that determines the price of a commodity include cost of production, product demand, product supply, targeted profit, and among others.

A profit is the amount earned from selling a commodity minus the amount expended to purchase, operate, or produce the commodity.

The primary aim of an entrepreneur is to make a profit, and price setting is one of the important activities that influences a profit. Since the higher the price, the higher may be the profit. However, a higher price may also dicourage customers from buying a product and then reduces profit.

Therefore, setting prices for products and services requires entrepreneurs to balance a multitude of complex forces as entrepreneurs determine prices for their goods and services that will draw customers and produce a profit.

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3 years ago

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jeka57 [31]

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Shelley compared the number of oak trees to the number of maple trees as part of a study about hardwood trees and a woodlot she

Masja [62]

There were 72 (108 - 36) more maple trees in the woodlot before the bug problem. There were 108 maple trees in the woodlot before the bug problem. There are 36 maple trees in the woodlot after the bug problem.

The following information is given in the question:

Ratio of maple trees to oak trees before bug problem = 9:5

Ratio of maple trees to oak trees after replanting = 3:11

Total number of oak trees after replanting =132

Total number of trees in the woodlot is the same before and after the bug problem.

Let the number of maple trees after replanting be 'x'

From the data above, we can find the number of maple trees after replanting as follows:

$\frac{3}{11} = \frac{x}{132}$