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Nataly [62]
4 years ago
10

Joe spends $20,000 during his two semesters in college on rent, food, books, tuition, and entertainment. Joe’s opportunity cost

of attending college for the two semesters is $20,000.
1. True
2. False
Business
1 answer:
SpyIntel [72]4 years ago
8 0

Answer:

2.False

Explanation:

Opportunity cost in simple terms refers to the next best alternative.

Opportunity cost refers to the benefits foregone of non chosen options when one of those options is chosen. For e.g opportunity cost of attending a full time college is the loss of salary had the same student opted to work, in addition to college fees paid for the period of study.

In the given case, the costs expressed such as college fee, rent, food, books, tuition and entertainment is explicit costs. Secondly no second non chosen option is mentioned in the question.

Thus, the given statement is false.

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A south sea island produces only coconuts. In​ 2010, the price of a coconut is ​$2.50 and the quantity produced is 300. In 2017​
Leto [7]

Answer:

$875

Explanation:

Since the base year is 2010, the real GDP in 2017 is given as the quantity of coconut produced in 2017 multiplied by the price of coconut in 2010

That is;

350 × $2.5 = $875

7 0
3 years ago
An agent does not like a particular minority buyer, and is very short with the person, refusing to engage in lengthy conversatio
Illusion [34]
I believe the answer to your question may be providing unequal services. Let me know if you need any more help.
5 0
3 years ago
Outsourcing companies must accept some loss of control when hiring other organizations to perform certain services. A disadvanta
Ymorist [56]

Answer:

The correct answer is It is not easy way of exiting the outsourcing agreement

Explanation:

Subcontracting is a business process through which a company transfers responsibility for its external tasks to another company specialized in that task.

The subcontracted company is one that by means of an agreement with another company (usually called a contractor or client) carries out the performance of certain activities and services. The way in which this commercial relationship develops is usually defined previously by means of a contract. Sometimes the name is used in English, outsourcing.

It is also common to call this type of subcontracted companies as subcontractors or suppliers. Usually outsourcing serves as a very recurring formula when outsourcing the company's activities.

In the globalized business environment in which we currently live, the outsourcing of productive processes is becoming more frequent by outsourcing activities that companies do not consider key to the level of competition and attending to the main activity in which they work.

In that sense, outsourced companies enjoy certain advantages that help them be useful in the market and meet various needs and services instead of other companies.

4 0
4 years ago
The presentation included examples of jobs that exist today because of advancements in technology. How will the new food technol
yanalaym [24]

The way in which new food technologies can <em>create jobs</em> in new and existing industries is:

  • Smart packaging.
  • The use of forward osmosis.
  • The use of plant based products.

<h3>What is Food Technology?</h3>

This refers to the various techniques which are used to make food healthier and better by making use of smart packaging, hygienic processing, etc.

With this in mind, jobs can be created through the use of smart packaging, forward osmosis and plant based products because it would require the services of food technicians.

Read more about food technology here:
brainly.com/question/17814903

3 0
2 years ago
Use the supply schedule below to answer the questions that follow.Supply of Flower Bouquets
Viefleur [7K]

Answer:

75 bouquets

Decrease 50

Explanation:

Supply is the amount of goods and services supplied at different prices.

According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

B. According to the table provided, when price was $30, 75 bouquets were ordered but when price was $20, 25 bouquets were ordered.

the supply would decrease by 75 - 25 = 50

6 0
3 years ago
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