Answer:
B) opportunity costs.
Explanation:
The $40,000 salary that Jamar gave up are part of his opportunity costs.
Opportunity costs are the costs (or benefits lost) from choosing one activity or investment over another alternative.
When you calculate the economic profit of a new project you must include all the implicit or opportunity costs that you incur or lose due to the new project:
economic profit = accounting profit - implicit costs
Answer: This spells negative consequences for the economy
Explanation:
Became financial intervention or intermediation will be greatly affected
Answer:
2,400 Yens
Explanation:
exchange rate for buying Japanese Yen is 12 Yens per Dollar
1 dollar : 12 Yens
how many Yens do you need to buy 200 Dollars for?
Let
x = number of Yens needed
200 dollars : x Yens
Equate the ratios to find x
1 dollar : 12 Yens = 200 dollars : x Yens
1/12 = 200/x
Cross product
1 * x = 12 * 200
x = 2,400
x = number of Yens needed = 2,400 Yens
