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anyanavicka [17]
3 years ago
15

The opportunity cost of producing a bicycle refers to Group of answer choices the marginal cost of the last bicycle produced. th

e bicycle's retail price. the out-of-pocket payments made to produce the bicycle. the value of the goods that were given up to produce the bicycle.
Business
1 answer:
Sever21 [200]3 years ago
4 0

Answer:

the value of the goods that were given up to produce the bicycle.

Explanation:

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

the opportunity cost of purchasing the bicycle is the value of  other things that could have been bought instead of the bicycle

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1. The types of businesses that can operate in a community are regulated by local
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Answer:

B. zoning laws.

Explanation:

Zoning laws are regulations put in place by the local authorities that dictate how real estate properties can or cannot be used in different geographical zones. Zoning laws can prohibit or limit properties in certain areas to be used for commercial or industrial purposes. For example, zoning laws may not allow the development of commercial buildings in residential neighborhoods.

Zoning shows whether specific geographic areas are acceptable for commercial purposes.

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3 years ago
What are value drivers? a set of factors (analogous to cost drivers) that are particularly effective in having a strong differen
asambeis [7]

Answer:

A set of factors (analogous to cost drivers) that are particularly effective in having a strong differentiation effect

Explanation:

Value drivers refers to the value addition to a product or a service by a firm, which drive customers towards purchasing such products. Such additions also help distinguish a firm's own products from those of the competitors.

Value drivers could be in the form of using superior latest technology or creation of better brand awareness, etc. Such drivers also help the firm attain a competitive advantage over it's rivals.

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A firm strives to add more and more of such value drivers so as to gain competitive advantage in as many business spheres as possible and realize it's business goals effectively.

8 0
3 years ago
Which one of the following statements concerning the balance sheet is correct? Total assets equal total liabilities minus total
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Answer:  Assets are listed in descending order of liquidity

Explanation:

According to accountant principles, the assets are always listed starting with the most liquid asset. It has the special purpose of helping to the shareholders and company owners to know what assets are easily sold and become in cash flow. The most liquid asset is always the cash, it is the first in the list. Commonly the second asset listed is the inventory, then we have ththe realizable value ( it includes bonds, stocks and other stock market elements), followed by the elements available for sell, at the end we can find listed long term resources including fixed assets and intangible assets.

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3 years ago
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3 years ago
Fixed costs equal $16,000, unit contribution margin equals $35, and the number of units sold equal 1,300. Operating income is __
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The answer is 61,500
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