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KiRa [710]
4 years ago
8

If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measured in terms of pr

ivate housing? (Assume a defense budget of $600 billion.)
Business
1 answer:
FrozenT [24]4 years ago
6 0

Answer:

4 million  houses

Explanation:

Opportunity cost is the forfeited benefit as a result of choosing one option over others.  Its value equals the cost of the next best alternative.

The cost of constructing a new home is $150,000.  If the Federal Defence has a budget of $600 billion, the opportunity cost of spending that amount will be the equivalent number of units that can be built by the amount.

To calculate the number of units= $600 billion divided by $150,000

= $600,000,000,000/ $150,000

=4,000,000

=4 million units

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Which of the following is NOT a career within the Food and Beverage Services Pathway? Maître d’ Baker Brewer Event planner
Paul [167]

Answer:

Answer d

Explanation:

Maitre d  is a person at a restaurant that welcomes guests and shows them their seats. He makes sure everything runs swiftly and is often referred as the Head Waiter, as he is also in charge of all other services in the restaurant and monitors the work of other staff, like the waiters. Event planner on the other hand is a career within recreations, amusement and attractions sector.

4 0
3 years ago
A monopoly produces X at a marginal cost of $10 per unit and charges a price of $20 per unit. Determine the elasticity of demand
irina [24]

Answer:

-2

Explanation:

To solve this question we can use Lerner's equation or Lerner's index which gives the relationship between elasticity of demand and profit maximizing cost and marginal cost:

Lerner's\, Index=\frac{P-Mg\,Cost}{P}=\frac{1}{|\eta_d|}

Replacing \frac{20-10}{20}=\frac{10}{20}=\frac{1}{2}

Then we get that the elasticity of demand is \eta_d=-2

6 0
4 years ago
Enterprises buys a warehouse for $ 570 comma 000$570,000 to use for its East Coast distribution operations. On the date of theâp
Nitella [24]

Answer:

$570,000

Explanation:

At the time of recording of the fixed assets, the fixed assets should be reported at purchase cost or historical price  or originally cost or acquiring cost, whether all other values are given i.e appraisal value, the seller purchased value, similar warehouse book value, etc

So, in the given case, it would be recorded at $570,000 as the buyer purchase the building at this cost only.  

7 0
3 years ago
when looking at a graph of aggregate demand, which of the following is correct? a. there are nominal variables on both the verti
joja [24]

The total quantity of demand for all finished products and services generated in an economy is measured as aggregate demand.  Hence option C is correct.

<h3>What is aggregate demand ? </h3>

The total amount of money spent on those goods and services at a particular price level and time is known as aggregate demand.

A macroeconomic concept known as "aggregate demand" refers to the total demand for products and services during a specific time period at any given price level.

Since the two indicators are calculated in the same way, aggregate demand is equal to GDP over the long run. Aggregate demand is the desire or demand for those products, whereas GDP is the total amount of goods and services produced in an economy.

Learn more about aggregate demand here

brainly.com/question/29670380

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6 0
2 years ago
Green Inc. made no adjusting entry for accrued and unpaid employee wages of $38,000 on December 31. This error would Multiple Ch
Naya [18.7K]

Answer:

The answer is B. Overstate net income by $38,000.

Explanation:

Accrued expense is an expense that has been enjoyed or incurred but has been paid for. Examples of an accrued expense are unpaid wages/salary, unpaid electricity bill etc.

Usually, the adjusting entry for accrued expense is to debit the expense and debit increases expense while credit decreases it. Since there is no adjusting entry, that means no expense is being recognized on the income statement for this transaction. Hence, the net income increases (overstated). because ordinarily expense reduces net income.

4 0
3 years ago
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