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Kitty [74]
4 years ago
12

An example to explain the difference between trade‐offs and opportunity costs.

Business
1 answer:
serious [3.7K]4 years ago
7 0

Answer:

The difference between trade off and opportunity cost can be illustrated from an example of not going to school can be taken.

Explanation:

  • For instance, Whenever a student does not go to school for any reason( Reason A), he misses the school. The sacrifice of going to school for any other reason is called trade off. Trade off is sacrifice one opportunity for another.
  • However, in this instance, missing school is opportunity cost. It is the thing you sacrifice or do not choose.
  • That means is if you miss school to attend your brother's marriage then it is your trade off to enjoy at your brother's marriage at opportunity cost of missing school.
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Whenever anyone praises Mark for his good performance, he has the tendency to attribute his success to his personal qualities su
Nat2105 [25]

Answer: Self serving bias

Explanation: In simple words, it refers to the attribute of an individual to take the credit of every positive event themselves, whereas in case of negative events such individuals tends to blame external factors.

In the given case, Mark attributes his success as the outcome of his personality and blames his team or other such factors in case of negative results.

Hence from the above we can conclude that the given case illustrate self serving bias.

8 0
3 years ago
According to this table, what will happen when the price of a pair of shoes rises from $100 to $125? The cost to make a pair of
Sonbull [250]
Increase in price due to increase of demand. But that doesn't seem to be an option so I would go with the last option.
6 0
3 years ago
Read 2 more answers
Selective optimization with compensation theory states that successful aging is related to three main factors:
antiseptic1488 [7]

Selective optimization with compensation theory states that successful aging is related to three main factors: selection, optimization, and compensation.

<h3>What is selective optimization with compensation theory?</h3>

Selective Optimization With Compensation theory is a theory that refers to a person's lifespan model of psychological and behavioral management.

The lifespan model explains how individuals adapt to changes related to their human development and age-related gains and losses.

Thus, selective optimization with compensation theory states that successful aging is related to three main factors: selection, optimization, and compensation.

Learn more about the three main factors of Selective Optimization with Compensation Theory at brainly.com/question/7227453

3 0
2 years ago
Market Value Ratios Val's Volleyball Supply's market-to-book ratio is currently 3.31 times and PE ratio is 5.51 times. If Val's
Serhud [2]

Answer:

Book Value per share is $2.96 and Earnings per share is $1.78

Explanation:

The market-to-book ratio is:

<u>Market Value </u> = 3.31 times

Book Value

The market value of the stock is $9.80 per share. Therefore, to calculate the Book Value, we make the Book Value subject and divide the ratio by Market Value per share:

Book Value per Share =  <u>Market Value per share</u>

                                           Market-to-Book ratio

                                     =  <u>9.80</u>

                                          3.31

                                     = $2.96

The PE ratio is:

<u>    Price  </u> = 5.51 times

Earnings

The price of the stock is $9.80 per share. Therefore, to calculate the Earnings per share, we make the Earnings subject and divide the PE ratio by Price of stock:

Earnings per share  =    <u>   Price   </u>

                                     PE Ratio  

                               =  <u>9.80</u>

                                    5.51

                                = $1.78

4 0
4 years ago
Valentino is a patient in a nursing home for 45 days of 2017. while in the nursing home, he incurs total costs of $13,500. medic
dolphi86 [110]
A person who purchases his/her own policy can exclude the benefits from gross income. It's also good to note tat statutory limitations exist for the following amounts:
Benefits that have been collected under the employer's plan
Premiums that have been paid by the employer
benefits that have been collected from the individuals' policy. Therefore the amount Valentino may exclude will be calculated as follows;
Daily statutory amount in 2017 (360*45)   $16200
Actual cost of care                                    $13500          $16200
Less: Amount received from Medicare                           ($8000)
Equal amount of exclusion                                              ($8200)
Thus:
Valentino must include (15000-8200)=$6800 of the long-term care benefits received in his gross income.


3 0
3 years ago
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