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IgorLugansk [536]
3 years ago
8

Adam has $200 to spend and wants to buy either a new amplifier for his guitar or a new cell phone. Both the amplifier and the ce

ll phone cost $200, so he can only buy one. This illustrates the basic concept that:
Business
1 answer:
nika2105 [10]3 years ago
7 0

Answer:

people face trade offs

Explanation:

Because wants are unlimited and the resources used to satisfy those wants are limited, people have to face trade offs. these trades off are opportunity costs.

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

In this question, the wants are a cell phone or an amplifier. the resource is $200. If the amplifier is bought, the cell phone cannot be purchased. This is an example of a trade off

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Identify how each of the following separate transactions 1 through 10 affects financial statements. For increases, place a "+" a
kari74 [83]

Answer:

I have attached a word document

Explanation:

please refer to the attached word document with the solution as well as the explanation of each type of account.

Download docx
5 0
4 years ago
Which do you consider more important as far as a restaurant is concerned-courteous,prompt service or a quality product
Lerok [7]
Definitely a quality product. It is indeed true that you are not there for the service but the products appeal on you. 
6 0
3 years ago
Furniture Face Lift refinishes old wood furniture. Their process for refinishing chairs has 8 workers and 4 stations. Each chair
vichka [17]

Answer:

13.19 hours

Explanation:

Station    Staffing     Processing time (Hours     Capacity = Staffing /

                                    per chair per worker)         Processing time

Stripping     3                            2.5                                   1.2

Priming        2                            1.5                                   1.33

Painting       3                            1.75                                 1.714

Inspection    1                            0.8                                  1.25

Stripping has the lowest capacity, hence it will be having bottleneck, thus the process capacity is 1.2.

Total time to produce the 1st chair = 2.5 + 1.5 + 1.75 + 0.8

Total time to produce the 1st chair = 6.55 hours

Time to produce subsequent chair = 1/1.2

Time to produce subsequent chair = 0.83 hrs

Total time taken to produce 10 chairs = 6.55 hours + 0.83 hrs*8 Workers

Total time taken to produce 10 chairs = 6.55 hours + 6.64 hours

Total time taken to produce 10 chairs = 13.19 hours

5 0
3 years ago
where cost is in dollars and time is in minutes. The cost of driving an automobile is $5.50 with a travel time of 21 minutes, wh
LenKa [72]

This question seems incomplete. Here is the detailed and complete question:

A work-mode-choice model is developed from data acquired in the field in order to determine the probabilities of individual travelers selecting various modes. the mode choices include automobile drive-alone (dl), automobile shared-ride (sr), and bus (b). the utility functions are estimated as follows: udl = 2.6 - 0.3(costdl) - 0.02(travel timedl) usr = 0.7 - 0.3(costsr) - 0.04(travel timesr) ub = -0.3(costb) - 0.01(travel timeb) where cost is in dollars and time is in minutes. the cost of driving an automobile is $5.50 with a travel time of 21 minutes, while the bus fare is $1.25 with a travel time of 27 minutes. how many people will use the shared-ride mode from a community of 4500 workers, assuming the shared-ride option always consists of three individuals sharing costs equally?

Answer: 828 workers will use the shared - ride mode.

Explanation: You can see the attached for a more detailed explanation.

7 0
3 years ago
Read 2 more answers
Gabrielle does not want to work a nine-to-five job. Still, she has to work to support herself. She accepts a job as a restaurant
bazaltina [42]

Answer: C. She exercises freedom of economic choice.

Explanation:

Freedom of choice is when economic agents such as individuals, the firm's and the government can allocate the resources as they want and are free to make a choice they want.

Freedom of choice represents allows individuals make their own decisions. In this scenario, Gabrielle's economic decisions best relate to broad economic goals by exercising the freedom of economic choice.

3 0
3 years ago
Read 2 more answers
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