1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
beks73 [17]
3 years ago
9

Lisa is choosing between three alternatives: a) working at her job that pays 60 dollars; b) writing a term paper which she value

s at 40 dollars; or c) going out with a friend, which she values at 80 dollars. The opportunity cost of writing the term paper is:a. 140 dollars.
b. 0 dollars.
c. 80 dollars.
d. 20 dollars.
Business
1 answer:
Mkey [24]3 years ago
7 0

Answer:

c. 80 dollars.

Explanation:

Opportunity cost represents the next best alternative missed.  It is the forfeited benefits arising from choosing one option over the others. Opportunity cost is expressed as a value or the worth of the forgone alternative.

Lisa's opportunity cost is $ 80.  She has valued going out with her friend at $ 80, which is the highest value amongst her three choices. Since she can not engage in all the three activities at the same time, the next best alternative to writing her exam is the opportunity cost.

You might be interested in
Jane is a very intelligent graduate of FIN 3601. As such, she knows she should will start contributing into her company's retire
labwork [276]

Answer:

The amount that Jane will have in her retirement account 30 years from now is $943,650.37.

Explanation:

Jane’s monthly savings = $250

Amount added monthly by Jane’s firm = Jane’s monthly savings * Amount added by Jane’s firm for every dollar = $250 * $0.50 = $125

Total monthly savings to Jane’s 401(k) = Jane’s monthly savings + Amount added monthly by Jane’s firm = $250 + 125 = $375

Since Jane decides to allocate $250 at the end of each month into her 401(k), this implies the relevant formula to use to calculate the amount Jane will have in her retirement account 30 years from now is the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount that Jane will have in her retirement account 30 years from now = ?

M = Total monthly savings to Jane’s 401(k) = $375

r = Average monthly interest rate = Average annual interest rate / 12 = 10.50% / 12 = 0.1050 / 12 = 0.00875

n = number of months = number of years * number of months in a year = 30 * 12 = 360

Substituting the values into equation (1), we have:

FV = $375 * (((1 +0.00875r)^360 - 1) / 0.00875) = $375 * 2,516.40 = $943,650.37

Therefore, the amount that Jane will have in her retirement account 30 years from now is $943,650.37.

5 0
3 years ago
This is the thing an organization does best—something that draws customers to the company, is difficult to imitate, and opens up
jasenka [17]
The description above describes the term CORE COMPETENCE. Core competence is one of the terms in the management theory. This emphasizes the combined resources and skills in order to fulfill once goal and to open up and access potential markets.
4 0
3 years ago
In which one of the following instances is rivalry among competing sellers notmore intense?
dimaraw [331]

Answer: E.When there are so many industry rivals that the impact of any one company's actions is spread thinly across all industry members

Explanation:

The more the number of players in an industry the more it gets congested and especially for the competing sellers. The decision for increasing or reducing price is met by follower firms to do the same thing. It gets less competitive because you know all the players in the industry would be following the same practices and doing the same thing.

7 0
3 years ago
muhammad yunus, founder of the grameen bank, was highly successful in his use of applying social incentives through group respon
BaLLatris [955]

Muhammad Yunus, The Grameen bank founder, was highly successful in applying social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.

Since Professor Muhammad Yunus founded Grameen Bank in 1976, several economists have analyzed the Grameen Bank's success in trying to eradicate poverty in Bangladesh, either theoretically or empirically. He used social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.

Social incentives refer to a wide variety of interpersonal motivations and rewards that encourage people to act in a socially valued and approved manner. Projecting a positive reputation and social image, obtaining social acceptance, and moving up the social hierarchy are all examples of social incentives.

To learn more about social incentives :brainly.com/question/3579101

#SPJ4

6 0
1 year ago
What is an important characteristic of the M1 money supply? . . A. liquidity . . . . C. flexibility . . D. solidity .
Mrrafil [7]

An important characteristic of the M1 money supply would be liquidity. The correct answer between all the choices given is the first choice or letter A. I am hoping that this answer has satisfied your query about and it will be able to help you, and if you’d like, feel free to ask another question.

6 0
3 years ago
Read 2 more answers
Other questions:
  • In a company's SWOT analysis, which of the following is an example of a threat? A. The company makes a low quality product. B. T
    6·2 answers
  • Which of the following systems would work best for a very standardized product that has a fairly high and predictable demand? a.
    13·1 answer
  • If a seller in a competitive market chooses to charge more than the going price, then:
    12·1 answer
  • By definition, _____________ is the activity, set of institutions, and processes for creating, communicating, delivering and exc
    8·1 answer
  • If the government sets out to make home buying easier for more people by forcing lenders to accept ____________ down payments an
    10·1 answer
  • Your organization has experienced multiple incidents of graffiti tagging and people loitering in the parking lot despite the cha
    6·1 answer
  • Mike begins an excavation on his land to construct a new building. The excavation causes a subsidence in neighboring lands and b
    8·1 answer
  • Retained earnings $52,000 Accounts Payable $15,000 Supplies 37,000 Common stock 25,000 Equipment 72,000 Note payable (due in 18
    6·1 answer
  • An enabling statute and which legislation are key elements in the formation of an agency?​
    13·1 answer
  • Coronado Industries reported total manufacturing costs of $450000, manufacturing overhead totaling $68000, and direct materials
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!