Opportunity cost is what must be given up in order to gain something else. Opportunity cost forces consumers and producers to make choices.
Opportunity cost is defined as what is given up in order to receive something else. There is always something that will be lost when you make a decision to do something else, that's the nature of decision making. Although it's hard, decision making is important and all options should be weighed out evenly.
Answer: Option (a) is correct.
Explanation:
(a) The equilibrium can be restored if Exxon gas station reduces the prices. This change will achieve equilibrium.
(b) If the shell gas station reduces the prices, then the gap between the price charged by Exxon gas station and shell gas station become larger. So, this change will not be able to achieve equilibrium.
(c) If Exxon gas station increases the prices, this will also results in larger gap between price charged by Exxon gas station and shell gas station. So, this change will not be able to achieve equilibrium.
(d) If both stations reduce their prices by 50 cents per gallon, the gap remains the same. So, this change will not be able to achieve equilibrium.
Answer:
to show problem-solving skills, to demonstrate team-building skills
Explanation:
Problem solving is the act of defining a problem; determining the cause of the problem; identifying, prioritizing, and selecting alternatives for a solution; and implementing a solution. using skills as team building among others.
Clearly a candidat for a manufcturing position will suggest this enhance to demonstrate how he can solve a distribution problem (boxing) while improving work environment and creating team building (cooks)
Answer:
$842
Explanation:
The computation of the One year from now bond C should sell is shown below;
But before that we have to determined the expected yield to maturity for bond C in one year :
So,
1.0799^3 = 1.06 x (1 + r)^2
1.188 = (1 + r)^2
√1.188 = √(1 + r)^2
1.08999 = 1 + r
r = 0.08999
= 9%
Now
the yield to maturity = (future value ÷ present value)^0.5 - 1
0.09 + 1 = ($1,000 ÷ value in 1 year)^0.5
1.09 = ($1,000 ÷ value in 1 year)^0.5
1.09^2 = $1,000 ÷ value in 1 year
So,
value in 1 year is
= $1,000 ÷ 1.09^2
= $1,000 ÷ 1.1881
= $841.68
≈ $842
Answer:
hello your question is incomplete attached below is the missing part
answer: Pd = 1658 , Qd = 42
Explanation:
The monopolist will choose a discount price of ( Pd ) = 1658 and sell 42 units of the good in the discount market
since the standard price is at $1800 and the Qm ( standard monopoly quantity) is at 200 for the Monopoly to be profitable the amount of good to be sold to customers with reservation prices greater than or equal to standard price should be greater than the good offered at discount price and also the discount price after using a coupon should be lower than the standard price (Pm)