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Yanka [14]
3 years ago
14

The opportunity cost of a decision is that: a. value of all the alternatives not chosen. b. value of the best alternative not ch

osen. c. cost of making the wrong choice. d. cost incurred by others who are unhappy with your decision.
Business
1 answer:
Aneli [31]3 years ago
5 0

Answer:

a. value of all the alternatives not chosen

Explanation:

Opportunity cost is the value of the alternative forgone. it is also called real cost or alternative forgone.

It is an economic concept that stems from the fact that wants are unlimited however, the resources available to satisfy those wants are limited and as such, choices have to be made.

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Your boss would like your help on a marketing research project he is conducting on the relationship between the price of soup an
MrRa [10]

Answer:

Your task is to take this <em>supply schedule</em> and construct a graphical representation of the data. In doing so, you determine that as the price of soup rises, the quantity of soup supplied increases. This confirms the <em>law of supply.</em>

Explanation:

We draw <u>the supply curve</u> being X-axis the quantity and Y-axis the Price.

The date to construct this representation is in the supply schedule.

This confirms the "law of supply" which states that as the price of a good icnrases the willingess to produce more units of that good increases as there is higher revenue.

3 0
3 years ago
Mira Mesa Appliances makes and sells kitchen equipment for offices and hotel rooms. Mira Mesa management believes that a new mod
lys-0071 [83]

Answer:

$126

Explanation:

We can calculate the amount Mira can pay for the synthetic material per unit (refrigerator) and meet its profitability goal by deducting the estimated profit and then all the cost from the selling price per unit.

Selling price per unit                                        $260

Less

estimated return (260x30%) =                    ($78)

Labor costs                                                    ($32)

Overhead costs                                            ($24)

Material                                                              $126      

Amount Mira can pay for Synthetic material per unit is $126

               

6 0
2 years ago
First National Bank charges 13.7 percent compounded monthly on its business loans. First United Bank charges 14 percent compound
Liula [17]

Answer:

First National Bank    = 14.6%

First United Bank.=   = 14.8%

Explanation:

<em>Effective annual rate is the equivalent annual rate o where interest rate is compounded at an interval shorter than a year.</em>

It can be calculated as follows:

EAR = ( (1+r)^(n) -1) × 100

r -interest rate per period

n- number of period

EAR - Effective annual rate

First National Bank

r - interest rate per month = 13.7%/12 = 1.141%

number of period = 12 months

EAR =( (1+011141)^(12) - 1) × 100

       =  0.145938395 × 100

       = 14.59

      = 14.6%

First United Bank.

r- interest rate per quarter - 14%/4 = 3.5% per quarter

n- number of quarters = 4

EAR = ((1+0.035)^(4)- 1) × 100

      = 0.147523001 × 100

      = 14.8%

 

8 0
3 years ago
What is the best answer choice
Scrat [10]
The answer to that would be B.
3 0
3 years ago
The product life cycle does not have a major impact on decision-making.
Dennis_Churaev [7]

Answer: Thats false.

3 0
2 years ago
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