The answer is tuition fees, room and board, books, supplies and other expenses.
Answer:
A
Explanation:
Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered in making future decisions.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity costs are costs associated with "the road not taken".
An example of opportunity cost : you quit your job where you ern $50,000 to start your business. the opportunity cost of starting your business is $50,000 - your salary that you would be forgoing to start your business
Answer:
the value of the marginal product of labor is $500
Explanation:
The computation of the value of the marginal product of labor is shown below:
= MRP × price per unit
= 10 units × $50 per unit
= $500
hence, the value of the marginal product of labor is $500
We simply applied the above formula
When an insurance company chartered in another country has been licensed to operate in your state. In your state, the insurance company is called a foreign insurer.
<h3>What is insurance?</h3>
Insurance refers a policy or agreement which provides financial protection to any individual if he faced any injury or died in accident.In case of injury,it helps in receiving medical claim as per the policies of the insurance company.
A foreign insurer is a corporation based in one state that writes insurance for clients in those other states. In the world of health insurance, foreign insurers are fairly common.
The benfits of these policy is that it offers better benefits in terms and protection to the policy holders as compared to own state.In this insurance the more options are received which is not available in own state.
Learn more about Insurance, here:
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