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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:

Moral Rights

Explanation:

Mr. Adams' concerns with privacy and health and safety are key elements in the <u>Moral Rights</u> approach to deciding ethical dilemmas

5 0
3 years ago
Lowe's is the second-largest home improvement retailer in the world, with 2,002 stores. During its fiscal year ended in February
34kurt

The financial statement effects template records Lowe's purchases for the fiscal year ended February 28, 2019 as follows:

Transaction        Assets                       =   Liabilities   +   Equity

Purchases          $0       +   $49,569    =   $49,569     +    $0

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The accounts equally affected by the purchases on account are the Inventory and the Accounts Payable.

Data Analysis:

Merchandise Inventory $49,569 Accounts Payable $49,569

Thus, with the purchases of merchandise during the fiscal year at a cost of $49,569, the Assets (inventory) and Liabilities (accounts payable) are increased by the same amount.

Related question on the financial statement effects at brainly.com/question/16362041

4 0
3 years ago
What an example of current Marketing situation of a business or service​
Romashka-Z-Leto [24]
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podryga [215]

Answer:

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