The value of what you forgo in order to attend the party is known as the opportunity cost. due to you Normally studying at home, the advantage of the party outweighs the potential cost (such as a greater that you would have learned from studying that evening (for homework or a test).
<h3>What is meant by opportunity cost?</h3>
In other terms, opportunity cost is the other option or opportunity you must forgo in order to pursue your preferred alternative. It is, to put it simply, what we have to give up in order to act.
For instance, if you attend your friend's birthday celebration, you will undoubtedly miss your preferred study period for the exam the following day. This may result in a gorgeous crimson "F" on your exam paper, which would be a terrible loss. For this reason, sane people who are aware that they are not intelligent enough to review for the test while intoxicated in five minutes typically opt to stay at home and study. The inability to study for your exam in this instance is a lost opportunity.
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Answer:
There is no short answer.
Explanation:
We are given an article that presents a study that suggests adults who played varsity sports in high school have a 20% higher chance of earning a bachelor's degree in college than the ones who did not play during high school.
The outcome variable in this example, which is also the same as a dependent variable, is the chance of graduating from college with a bachelor's degree, which depends on whether that person played varsity sports during their high school years or not.
The treatment variable in this example, which is also the same as an independent variable, is whether the subject played varsity sports in high school or not which affects their chances of graduating from college with a bachelor's degree.
Counterfactual means thinking about an event in a way that did not actually happen, counter to the facts and it helps people feel more in control which in turn provides a psychological soothing effect. Counterfactual scenario in the given example for high school athletes would be not being able to earn a bachelor's degree despite having played sports in high school.
Thinking about the counterfactual scenario is important because it helps people get a sense of power and a feeling of control which is a primal instinct the brain needs to feel safe.
I hope this answer helps.
Answer:
Autonomous consumption is <u>$1,000</u> and the marginal propensity to consume is <u>0.9</u>.
A consumer whose income increases by $100 will increase consumption by <u>$90</u>.
Explanation:
Given C = 1000 + 0.9Y
Autonomous consumption refers to consumption expenditure of consumers that does not depend on income. Therefore, autonomous consumption is therefore the consumption expenditure made by the consumers when they do not have income or when income is zero (i.e. when Y = 0).
Substituting for Y = 0 into the consumption function, we can obtain autonomous consumption is follows:
Autonomous consumption = 1000 + (0.9 * 0) = 1,000
The marginal propensity to consume refers to the proportion of the increase in disposable income that is spent on the consumption of goods and services by a consumer. From the consumption function, the marginal propensity to consume is 0.9.
Since marginal propensity to consume is 0.9, a consumer whose income increases by $100 will therefore increase consumption by $90 (i.e. $100 * 0.9 = $90).
Answer:
a. take advantage of underpriced labor services available in certain developing countries.
b. gain access to special R&D capabilities residing in advanced foreign counties.
c. boost profit margins and create shareholder value.
d. avoid regulations and lower tax burdern
Explanation:
Multinational corporation is a company that operates locally in its home country and also aborad. It usually maintains a central office that coordinates business activities.
MNCs have various advantages which includes:
- taking advantage of lower priced labour in developing countries, for example some companies take advantage of cheap labour in China to produce their goods.
- when a company operates in an advanced economy it will take advantage of research and development there.
- regulations and tax burdens can be avoided by setting up manufacturing plants in countries with low regulatory policies.
- MNCs boost shareholder profits by taking advantage of their multiple locations to gain more profits.
Answer:
Please see details below:
Explanation:
Sales $16.540
Salaries Expenses -$7.740
Miscellaneous Expenses -$5.820
Net Income $2.980
Dividends 2.830
Retained Earnings $150.
Balance Sheets
Assets
Cash $8.990
Accounts Receivable $16.540
Equipment $22.590
Land $45.980
TOTAL ASSETS $94.100
Liabilities
Accounts Payable $9.170
TOTAL LIABILITIES 9.170
Equity
Common Stock $84.780
Retained Earnings $ 150
TOTAL EQUITY 84.930
