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Kaylis [27]
4 years ago
12

Assume Brandon can buy either 1 DVD for $20 or 3 CDs for $25. What is the opportunity cost if he decides to buy 3 CDs? Select th

e correct answer below: the 3 purchased CDs the lost opportunity to buy 1 DVD. the difference of $5 between the two options the amount of time Brandon must work to purchase 3 CDs
Business
1 answer:
Tom [10]4 years ago
8 0

Answer:

The opportunity cost of buying 3 CDs is the lost opportunity to buy 1 DVD

Explanation:

Opportunity cost is the cost of alternative forgone.It is cost of the item not purchased due the current buying decision.

It is also applicable to a business division selling to another division within the company.The cost of such internal sale is viewed as the variable cost of the product plus the contribution forgone from not selling to external party.This is most likely the case when the selling division does not have a spare capacity with which it can fulfill internal sale request.

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Match the descriptions to economic and non-economic factors that affect a business cycle.
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3 years ago
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You are reading a particular section of a bank’s annual report. This section provides the bank’s views about the impact of a
sergij07 [2.7K]

Answer:

Management discussion and analysis

Explanation:

Bank annual report consists of various financial data and managerial reports. Bank annual report comprises of detail analysis on many banking operations over the course of an annual year. The section which contains upcoming regulations in the banking industry is known as management discussion and analysis. This section discusses in-depth examination of banking operations and future banking regulations.

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4 years ago
The statement that stock prices follow a random walk implies that: Select one: a. Successive price changes are independent of ea
Marina CMI [18]

Answer:

(A) Successive price changes are independent of each other

Explanation:

Random walk theory claims that past information and trends cannot be used to predict future price movement of the stocks since as per the theory, stock price movements are unpredictable and walk(move) randomly.

The theory further suggests that stock prices have same distribution and are independent of one another. It means there is no correlation between price movements of two different stocks.

Thus, Stock prices follow a random walk implies that successive price changes are independent of each other.

6 0
3 years ago
A theater group made appearances in two cities. The hotel charge before tax in the second city was $500 lower than in the first.
Naddika [18.5K]

Answer:

Hotel charge in city 1= $5,250

Hotel charge in city 2= $4,750

Explanation:

A theater group made an appearance in two cities.

Let x represent the amount charged in the first city

Let y represent the amount charged in the second city

The hotel charge before tax in the first city is $500 lower than the second city

y= x-500......equation 1

The tax in the first city is 8%

= 8/100

= 0.08

The tax in the second city is 8.5%

= 8.5/100

= 0.085

0.08x + 0.085y= 823.75.........equation 2

Substitute (x-500) for y in equation 2

0.08x + 0.085(x-500)= 823.75

0.08x + 0.085x - 42.5= 823.75

Collect the like terms

0.08x + 0.085x= 823.75+42.5

0.165x= 866.25

x= 866.25/0.165

x = 5,250

Substitute 5250 for x in equation 1

y= x-500

y= 5,250-500

y= 4,750

Hence the hotel charge in city 1 is $5,250 and the hotel charge in city 2 is $4,750

4 0
3 years ago
Select the qualification that is best demonstrated in each example. Sonny spends a lot of time each day filing paperwork. Vikki
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Answer:

1. patience

2. office technology skills

3. verbal communication skills

4. organizational skills

Explanation:

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