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yanalaym [24]
3 years ago
11

Claire is on her way to her job at a call center where she was planning on spending three hours. She can drop in and work any ho

ur she wants to and earn $12 per hour. Her friend calls and invites her to spend the next three hours bungee jumping. Claire decides to go with her friend, which tells us Claire's opportunity cost of working for three hours is:
Business
2 answers:
denis23 [38]3 years ago
7 0

Answer:

It should be greater than $36

Explanation:

The opportunity cost of working is the amount of money sacrificed or could have earned if the individual was not working. In this case, Claire has decided to go with her friend which means that the opportunity cost of not working is less than the benefits receives from going out. Because she is not working it means that the opportunity cost of working is more than 36 dollars, which is the income she could have earned in 3 hours.

serg [7]3 years ago
3 0

Answer:

$36

Explanation:

Opportunity costs is the benefits an individual, investor or business misses out on when making another choice over another.

In the case of Claire she had to make a choice of working for three  hours and earning $36 or going bungee jumping with her friend. The opportunity cost of going bungee jumping with her friend for three  hours will be $36

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3 years ago
Why is the supply curve a vertical line
AlladinOne [14]
In some cases, supply curves are vertical, which means that for any price from 0 up to infinity, the quantity will stay the same.

This is very true for supply of an authentic painting in auctions, where there may only be 1 single painting, and people state the highest price they are willing to pay for the painting. Regardless of the price, there will only be 1 authentic painting for that price.

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5 0
3 years ago
B2B co. is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is
Travka [436]

Answer:

a. 5.85 years

b. 17.5%

Explanation:

a. For the computation of payback period first we need to find out the annual cash flow which is shown below:-

Annual Cash Inflow = Sales - Material - Selling and Administrative Expenses - Income Tax

= $75,000 - $40,000 - $7,500 - $7,000

= $20,500

Payback period = Initial investment ÷ Annual cash flow

= $120,000 ÷ $20,500

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b. The computation of the accounting rate of return is shown below:-

accounting rate of return = Net income ÷ Average investment

= $10,500 ÷ ($120,000 ÷ 2)

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7 0
3 years ago
Who creates and influence the culture of an organization
Svetradugi [14.3K]

Answer: Business Leaders

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8 0
2 years ago
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Leno4ka [110]

Answer:

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Explanation:

Equity sharing: The term "equity sharing" is also referred to as "co-ownership" or "shared ownership", and is described as a process in which more than one owner is being involved and utilizes one property in order to blend them to "maximize tax deductions and profit". Generally, equity sharing occurs when different parties ought to find a particular home and then buys it together as "co-owners", yet these people tend to join to "co-own" a particular property a person already bought it before or owns it.

In the question above, the given statement represent equity sharing.

5 0
3 years ago
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