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notka56 [123]
3 years ago
12

Suppose that you could either prepare your own tax return in 15 hours or hire a tax specialist to prepare it for you in 2 hours.

You value your time at $11 an hour; the tax specialist will charge you $55 an hour. The opportunity cost of preparing your own tax return is _______
Business
1 answer:
poizon [28]3 years ago
4 0

Answer:

$165

Explanation:

Opportunity cost is the cost (or benefit lost) from choosing one activity or investment over another. In this case, if you decide to prepare your own tax report instead of paying a tax specialist, then your opportunity cost = 15 hours x $11 per hour = $165. By preparing your tax return yourself, you are losing 15 hours and you value your time at $11 per hour.

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Entrepreneurs work well under pressure because:
Darya [45]

Answer:

Letter d is correct. <u>They have a lot of energy.</u>

Explanation:

Entrepreneurs need to be high-energy people because they are naturally leaders in an organization and motivate employees.

The attitude that an entrepreneur adopts will usually be copied and transmitted in the organizational culture, but the ideal is that entrepreneurs prove to be high performance and energetic people, prepared to deal with the challenges and uncertainty that may occur in the organizational process, people who follow the line. the set of organizational ethics and policies.

The business posture is essential to cope with the daily pressures of running work systems.

5 0
3 years ago
Suppose there is a simple index of three stocks, stock ABC, stock XYZ, and
ValentinkaMS [17]

Answer: -13.4%

Explanation:

3 0
3 years ago
There are four basic solutions to handling monopolies:
Brut [27]

Answer:

See the explanation for the answers.

Explanation:

1. "Regulate it" is superior because anti trust makes it open to competition and the firm no longer remains a monopoly.

2. A regulated monopoly lower the price it charges from consumers which benefits the consumers because their consumer surplus increases. A regulated monopoly also offers better quality products.

3. Yes, there are redeeming qualities of monopolies.

Advantages of monopoly-

(a) The profits that the monopolist earns can be invested in R and D.

(b) Monopolies can practice price discrimination which can benefit weaker sections of the society.

(c) Monopolies can invest in latest technology which increases productivity and total output of a country.

(d) The government generates revenue from taxing the monopoly firm.

3 0
3 years ago
Why are economic systems needed? Respond to the question below with a minimum of 5 sentences.
harina [27]

Answer:

Explanation:Since economic resources are scarce, they must be used efficiently. We want to produce as much goods and services as we can, and in the process, produce the goods and services needed the most.  There are five functions an economic system performs in producing goods and services for consumption.

6 0
3 years ago
Price indexes can be used to compare prices across different periods. Suppose that a year of tuition for college at public insti
vagabundo [1.1K]

Question attached

Answer:

1. $3586

2. More than the amount of inflation

Explanation:

Consumer price index 1989 = 114

Price 1989 = $1817

Price for 2009=Consumer price index for 2009 / Consumer price jndex 1989 = Price 2009 / Price 1989

= 225 / 114 = Price 2009 / $1817

= Price for 2009 = $3586

cost of tuition increased in 2009 by = $3307 that is 6893 - 3586 more than amount of inflation

7 0
3 years ago
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