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mart [117]
3 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]3 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

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Claudia has bought a recipe book that gives her step-by-step procedures to prepare italian cuisines. this scenario illustrates t
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The scenario illustrates the use of algorithms. Using an algorithm is a way of having to do a procedure that features a step by step function in means of having to get the result of the data and to know how the results will be processed.

5 0
3 years ago
Think of three example from your own experience, and explain how they demonstrate the concept of diminishing marginal utility.
rewona [7]
Examples:
1.) Having a stain on your rug there's only so much you can get out before your damaging your rug with cleaner

2.) Babysitting and having the child miss there mom, there's only so much you can do to try to calm him/her down 

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3 years ago
In an establishment that serves alcohol for on premise consumption and gets less than 50% of its gross receipts from alcohol sal
KATRIN_1 [288]

Answer:

A. True

Explanation:

As we know that the license is been provided that serves alcohol for on-premise consumption and gets less than 50% of its gross receipts from alcohol sales, a cashier can be less than 18 years as well, according to the establishment. The establishment clearly mentions that it acquires less than 50 percent of its total receipts and a cashier can be less than 18 years. The given statements are true.

7 0
3 years ago
Describe some of the mistakes americans often make when it comes to money
goldenfox [79]
Some of the mistakes that we made are:
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8 0
3 years ago
Read 2 more answers
ABC Company issues a 3-year bond with a $1,000 Face Value and a 5% Coupon Rate, with coupons paid once a year at the end of ever
AlekseyPX

Answer:

yield to maturity = 9.78%

Explanation:

yield to maturity = {coupon + [(face value - market value) / n]} / [(face value + market value) / n]]

YTM =  {$50 + [($1,000 - $913) / 2]} / [(($1,000 + $913) / 2]] = $93.50 / $956.50 = 0.09775 = 9.78%

The yield to maturity represents the total rate of return that an investor should receive if he/she holds a bond until it matures.

3 0
3 years ago
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