1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mart [117]
4 years ago
11

If a family spends its entire budget in a given time frame, the family can afford either 90 cans of soup or 60 frozen dinners. A

ssuming the family spends its entire budget on just these two goods, what is the opportunity cost of one extra can of soup in the time frame? (Round your answer to two decimal places.)
Business
1 answer:
g100num [7]4 years ago
8 0

Answer:

0.67

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If the family buys one can of soup, the opportunity cost is the frozen food forgone.

Opportunity cost of one can of soup = 60 / 90 = 0.67

I hope my answer helps you

You might be interested in
Consider Management as the top tier. Select your campus as next to the first one and pick Student's Affairs department as the la
Juli2301 [7.4K]

Answer:

Explanation:

Process perspective relates to the study of how a business runs internally. Measures based on this process allows the management to make an efficient decision on how their services meet the demands of their clients.

By the application of the process perspective method, the simple hierarchy of the campus is shown below.

                                   Management of Campus                                                  

            Management of campus succeeded in the process of making

                    guidelines for various affairs associated with the student.

                                                         ↓

                                                  Campus

      Campus has several departments that deal with the various entities

         of the campus such as lecturers, industries,  senate delegates,

                      governmental agencies, student's welfare, etc.

                                                        ↓

                                       Student's welfare department

                                                        ↓

         ↓                       ↓                    ↓                   ↓                  ↓

        Scholarship  Examination    Event         Grevianve   Alumni    

         Unit                   Unit              Unit              Unit           Unit

           

7 0
3 years ago
If a check correctly written and paid by the bank for $936 is incorrectly recorded in the company's books for $963, how should t
motikmotik

Answer:

The difference of $27 will be added in the bank reconciliation statement.

Explanation:

With regards to the above information,

Since bank paid $936 but was recorded as $963 in the company's books.

The difference would therefore be ;

= $963 - $936

= $27.

This means that in the company's books, the balance is shown less than the actual balance by $27

Therefore, $27 will be added to the balance in the bank with regards to the books while preparing the bank reconciliation statement.

Hence, $27 which is $963 - $936 will be added in the bank reconciliation statement.

6 0
3 years ago
The practice that involves short-term trading of mutual funds seeking to take advantage of short-term discrepancies between the
Diano4ka-milaya [45]

Answer:

A. Market Timing

Explanation:

Based on the information provided within the question it can be said that the term being described within the question is called Market Timing. Like mentioned in the question this term refers to a strategy of buying and selling different financial assets, usually by trying to take advantage of price discrepancies in the short term.

8 0
3 years ago
The manufacturing process used to make a wide variety of highly customized products typically in small quantities as small as on
pochemuha

Answer:

"Job Shop" would be the appropriate solution.

Explanation:

  • A workshop seems to be a small enterprise or organization that makes unique items within one person at the same time. It is a production unit that deals in tailor-made including custom-built components in limited amounts.
  • Under that same production or manufacturing economy, a large number of products are manufactured with smaller quantities requiring a remarkable setup as well as production measures.
4 0
3 years ago
Since Tanya Martin retired, she has used income from her investment in the Alger Mid Cap growth fund to supplement her other ret
elena-s [515]

Answer:

She will receive $ 7,700.

Explanation:

It will receive $ 7,700, because it has taken 55% of its growth growth from its investment, which was $ 14,000 equals that amount. That is (14,000 x 0.55 = 7,700). Thus, by multiplying the value with the retracted percentage we will have $ 7,700.

4 0
3 years ago
Other questions:
  • Why do lean-agile leaders try to connect the silos of business, system engineering, hardware, software, test, and quality assura
    12·1 answer
  • LO 7.4A company has prepared the operating budget and the cash budget. It is now preparing the budgeted balance sheet. Identify
    15·1 answer
  • Which of the following can increase your credit cards apr
    5·1 answer
  • Equilibrium occurs when supply and demand coordinate to
    15·2 answers
  • g You are planning to save for retirement over the next 33 years. To do this, you will invest $774 per month in a stock account
    11·1 answer
  • Eliza is a kindergarten teacher for Alexander Hamilton Elementary School. Eliza decorates her classroom with new artwork, poster
    5·1 answer
  • Please help due in an hour
    12·2 answers
  • There are four general ways of making observations: (1) direct versus indirect, (2) overt versus covert, (3) structured versus u
    7·1 answer
  • The bank statement for Mat Co. revealed a balance of $900, and the checkbook balance showed $1,420. Checks outstanding totaled $
    6·1 answer
  • The united states economy is experiencing high inflation and real gdp is greater than potential gdp. Describe the actions taken
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!