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sweet-ann [11.9K]
3 years ago
6

An example of opportunity cost:

Business
1 answer:
maria [59]3 years ago
8 0

Answer: b. Is the Chinese food that you gave up when you chose to eat Italian food.

Explanation: Opportunity cost refers to the cost of the next best alternative foregone or sacrificed. When an individual chooses to take a certain action, then his opportunity cost of doing that will be the alternatives that he has foregone.

IT can be expresses as,

Opportunity cost = \frac{Units sacrificed}{Units Gained}

When the individual chooses Chinese food when he could have choose to eat Italian food, his opportunity cost will be the Chinese food that you gave up.

For other options there is no information on what was given up.

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A foreign exchange swap is a written agreement between two parties with different currencies to exchange such currencies at a specific period of time. In a swap deal, one party to the agreement gives out currency to the other party while also collecting collecting currency from such party. The written agreement usually contains such details like the interest on the amount of exchange, as well as the loan value of one currency against the other.

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Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease
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Answer and Explanation:

Lease   Cash    Effective           Decrease in               Outstanding

Payment   Payment   Interest           Balance                   Balance

                                                                                                       $ 34,600

1                $ 8,000     $ 3,460*       $ 4,540**                        $ 26,600

2          $ 8,000     $ 2,660        $ 5,340                       $ 21,260

3          $ 8,000     $ 2,126        $ 5,874                       $ 15,386

4         $ 8,000    $ 1,539                $ 6,461                       $ 8,925

5          $ 8,000    $   893                $ 7,108                        $ 1,818***

6        $ 2,000    $   182              $ 1,818                             $    -  

*34600 x 10%

**8000-4540

***8000-7108

Interest rate = interest on second lease payment/outstanding balance after 1st payment x 100

Interest rate = 2660/26600 x 100

Interest rate = 10%

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A promising new customer at a FINRA member firm has complained verbally to a registered representative that he lost $500 on the
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