Answer:
$9,200
Explanation:
The computation of the opportunity cost of going to summer school is presented below:
= Summer tuition fees and cost of books + earning if working somewhere
= $2,200 + $7,000
= $9,200
In order to determine the opportunity cost, we considered the summer tuition fees & books cost and earnings
And, the summer rent is a fixed cost so it would not be included.
If you pay the balance on your credit card each month, the annual fee is the most important factor to consider when selecting a credit card. This is because all the other fees listed only occur if you carry over your balance.
Answer:
The answer is expectancy.
Explanation:
Expectancy theory is a concept developed by Victor H. Vroom in 1964, where he postulated, that the strength an individual has in terms of his or her motivation to do an action, would appear when three components are satisfied to a certain value: expectancy, instrumentality, and valence. The question above is relevant to the expectancy component, which is detailed as the belief that an individual has regarding their efforts would result in the individual choosing to perform an action. In the case of Martha, she wasn’t sure that her efforts in trying to win the contract would lead to her 10% raise (outcome, a component of instrumentality), and thus, she decided not to try.
Answer:
B. free entry and exit by firms.
Explanation:
Answer:
Letter B is correct.
Explanation:
GDP is the sum of all that is produced, consumed and distributed in the country over a period of one year. This is the main measure for assessing and comparing one economy with others in the world. There are two approaches to measuring GDP, namely: Expenditure Approach and Income Approach. Demand for consumption, exports and imports and government spending is represented by the expenditure approach. The income approach is all income earned from everything that is produced in the economy.
