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Westkost [7]
3 years ago
9

Suppose that you prefer reading a book you already own to watching TV and that you prefer watching TV to listening to music. If

these are your only three choices, what is the opportunity cost of reading?
a. watching TV and listening to music
b. watching TV
c. listening to music
d. sleeping
e. the price of the book
Business
1 answer:
Irina18 [472]3 years ago
5 0

Answer:

B. Watching TV

Explanation:

Opportunity Cost is the cost of <u>next best alternative</u> forgone while choosing an alternative.

Eg: If I can consume apples & oranges, I like apples more than oranges. The opportunity cost of apples consumption is the next best option i.e oranges forgone.

As per given preferences : Book Reading > Watching TV > Listening Music

( '>' refers to preferred over)

The opportunity cost of Book reading is the next best option sacrifised i.e Watching TV.

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Answer:

the answer is none of these

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3 years ago
For a binomial experiment with r successes out of n trials, what value do we use as a point estimate for the probability of succ
trapecia [35]

Answer: \dfrac{r}{n}

Explanation:

If r is the number of successes out of n trials , then the sample proportion of success = \hat{p}=\dfrac{r}{n}

For binomial experiment , if the population probability of success p on a single trial is not given , then the best point estimate for probability of success p on a single trial is the sample proportion of successes.

i.e. a point estimate for the probability of success p on a single trial :

p=\hat{p}=\dfrac{r}{n}

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4 0
4 years ago
The measure that captures the use of a fixed asset in serving customers relative to the asset's capacity is known as the _______
Gelneren [198K]

Answer:

Utilization.

Explanation:

The measure that captures the use of a fixed asset in serving customers relative to the asset's capacity is known as the utilization rate.

This ultimately implies that, a utilization rate measures or estimates the level of output a fixed asset produces relative or in comparison with it's capacity.

Generally, the utilization rate is usually measured in proportions and displayed in percentages so as to gather information about organizational cost structure and operational efficiency.

6 0
3 years ago
Choose all that apply.
lana [24]
I would recommend a savings account
7 0
3 years ago
A7X Corp. just paid a dividend of $2.80 per share. The dividends are expected to grow at 20 percent for the next eight years and
kifflom [539]

Answer:

The price of the stock today=$560

Explanation:

We can use the expression for calculating the required rate of return to calculate the price of the stock today:

RRR=(EDP/SP)+DGR

where;

RRR=required rate of return

EDP=expected dividend payment

SP=share price

DGR=dividend growth rate

In our case:

RRR=13%=13/100=0.13

EDP=$2.80 per share

SP=unknown

DGR=20% and 8%, the average DGR=(20+5)/2=12.5%=0.125

replacing in the original expression;

0.13=(2.8/SP)+0.125

2.8/SP=0.13-0.125

2.8/SP=0.005

SP=2.8/0.005

SP=$560

The price of the stock today=$560

6 0
3 years ago
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