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3 years ago

Margo spends $30,000 on one year's college tuition. The opportunity cost of spending one year in college for Margo is:

Business

1 answer:

Tju [1.3M]3 years ago

5 0

Answer:

Purchases she could have made with $30,000 plus the earnings foregone

Explanation:

Opportunity cost refers to the benefit obtained from the next best alternative.

Here, the opportunity cost of spending a year in the college is the purchases worth of $30,000 that she would have do it and the money income that she would have earned it.

Opportunity cost can be represented in terms of monetary and non monetary.

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Bond A has a 9% annual coupon, while Bond B has a 7% annual coupon. Both bonds have the same maturity, a face value of $1,000, a

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Answer:

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Since the annual coupon, that is the discount enjoyed on this service is higher for A than B that is 9% against 7%. Bond A's capital gains yield is greater than Bond B's capital gains yield.

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3 years ago

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3 years ago

Suppose bundle A contains 5 CDs and 5 DVDs and bundle B contains 2 CDs and 6 DVDs. If a consumer is able to rank different combi

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E) a, b, and c are possible.

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2 years ago

Maria works as a tutor for $10 an hour and as a waitress for $14 an hour. This month, she worked a combined total of 83 hours at

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Answer:

$ (-4t+872)

Explanation:

Earning for 1 hour as a tutor= $10

Earnings for 1 hour as a waitress= $14

Total hours worked in the month combined jobs= 83 hrs

Number of hours worked as a tutor for the month= t

Finding the number of hours worked as a waitress for the month= 83-t hours

Total amount earned that month = amount earned as a tutor+ amount earned as a waitress

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Amount earned as a waitress= $14× (83-t)= $ (1162-14t)

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=$ ( 10t-14t +1162)

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3 years ago

A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a

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The initial effect on the lettuce market is (C) a decrease in the supply of lettuce.

<h3>What is the lettuce market?</h3>

Lettuce is divided into two types: head (iceberg) and leaf (romaine, butterhead, and leaf).
Since colonial times, lettuce has been farmed in the United States.
The ice shipping industry emerged in the western states in the early 1900s, boosting the range and appeal of lettuce.
Only potatoes outnumber lettuce salads in terms of annual consumption per capita.
In 2015, the annual consumption of all varieties of lettuce was 25.8 pounds per person, with head lettuce accounting for 51% (13.3 pounds per person).
Consumption of lettuce was about the same as in the preceding three years, but down approximately 20% from ten years before.

As a severe drought has damaged this year's lettuce crop.

Therefore, the straightforward initial effect on the lettuce market is (C) a decrease in the supply of lettuce.

Know more about the lettuce market here:

brainly.com/question/13180141

#SPJ4

Complete question:

A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a _____

A. decrease in the demand for lettuce.

B. rightward movement along the demand curve for lettuce.

C. a decrease in the supply of lettuce.

D. a decrease in both the demand and supply of lettuce

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2 years ago