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
Juli2301 [7.4K]
3 years ago
13

You were planning to spend your Saturday working at your part-time job, but a friend asks you to go trekking at Karagöl. What is

the true cost of going trekking? Now suppose that you had been planning to spend the day studying at the library. What is the cost of going trekking in this case?
Business
1 answer:
Natali5045456 [20]3 years ago
7 0

Answer:

the true cost (opportunity cost) of going trekking is what the amount that you could have earned from your part time job on that day instead of going trekking. If you were planning to to study, then the true cost of trekking with your friend would be the loss of all the potential knowledge that you could have gain from studying.

Explanation:

opportunity cost is the loss of potential gain from other alternatives when one alternative is chosen.

You might be interested in
A false statement of material fact regarding ownership of business property that results in a loss of sales is referred to as __
fomenos

Answer:

D. Slander of title.

Explanation:

Slander of title occurs when someone publishes an untrue and disparaging statement about another person’s real property -- meaning a home, building, or parcel of land -- and the statement could have a negative impact on the property's value.

6 0
3 years ago
A group of computers that are interconnected in order to share information or documents is called a
Mashutka [201]
A group of such computers - which get interconnected in order to share information or documents are usually called a computer network.
This is a common type of networking when working in large companies or businesses.
5 0
3 years ago
A small producer of machine tools wants to move to a larger building, and has identified two alternatives. Location A has annual
xenn [34]

Answer:

Location A is superior to up 40 units. From there Location B is better

Explanation:

Giving the following information:

Location A:

Fixed costs of $100,000

Variable costs of $13,000 per unit.

Location B:

Fixed costs of $300,000.

Variable costs of $8,000 per unit.

The finished items sell for $18,000 unit.

Contribution margin Location A= 18000-13000= 5,000

Contribution margin Location B= 18000 - 8000= 10,000

Income formula location A= 5000*Q - 100000

Income formula location B= 10000*Q- 300000

5000*Q - 100000= 10000*Q - 300000

200000= 5000Q

Q= 40 units

Location A is superior to up 40 units. From there Location B is better.

6 0
3 years ago
Damon Industries manufactures 20,000 components per year. The manufacturing cost of the components was determined as follows:
Shkiper50 [21]

Answer:

d. a $10,000 decrease.

Explanation:

The computation of the impact on the income is given below:

In case of making the product

= Direct material + direct labor + variable manufacturing overhead  + rented

= $100,000 + $160,000 + $60,000 + $10,000

= $330,000

And, in case of buying the product

= 20,000 × $17

= $340,000

So there is a decrease of $10,000

8 0
3 years ago
The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm per
morpeh [17]
<span>The question refers to whether that scenario describes a competitive market, and the answer is - no. This scenario that you have presented us with is not an example of a competitive market because there is no free entry. Because firms cannot freely enter this market, this cannot be said to be competitive, because there are no companies to compete if there is only one firm involved. </span>
4 0
3 years ago
Read 2 more answers
Other questions:
  • Black owned and resided on the premises at 1803 North Monroe Street in the city of Lawn. He had purchased the house from Green i
    5·1 answer
  • The lumber companies began to replant forests after they cut them down; this process is known as lumber farming. Lumber farming
    13·1 answer
  • What are at least two ways this image my affect demand?
    6·1 answer
  • When compiling a reference list, you should always _____.
    10·2 answers
  • Define liquidity. Rank the following assets in terms of liquidity, from most to least liquid: money market mutual fund, savings
    14·1 answer
  • Scenario 1: Suppose savers either buy bonds or make deposits in savings accounts at banks. Initially, the interest income earned
    10·1 answer
  • A lottery winner will receive $5 million at the end of each of the next fourteen years. What is the future value​ (FV) of her wi
    15·1 answer
  • A firm purchases goods on credit worth $90. The same firm pays off $100 in old credit purchases.
    8·1 answer
  • Explain what the long- and short-term consequences are of not promoting equality or working to reduce poverty.
    11·1 answer
  • Discuss the negative effect of technology on work-life balance
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!