Answer:
What is the amount of the income or loss from acceptance of the offer?
b. $25,000 loss
Explanation:
If the company has a variable cost of $11 for each unit produced, then the gross margin to cover the fixed cost it's ($16 - $11 = $5), but the company has a fixed cost of $5 for each unit produced, means that the company loss $1 for each unit sold to the exporter.
The the company has a loss of $1 * 25,000 Units= $25,000
.E) This would be the correct answer
Answer:
B negative
Explanation:
This problem is talking about the balance of trade of the United States during this time period.
If a country exports more than it imports, it has a positive trade surplus, or positive balance of trade.
Otherwise, if the country imports more than it exports, it has a negative trade surplus.
Since US imported more than it exported, the correct answer is:
B negative
The correct option is B - Opportunity Cost
<u>Explanation:</u>
Generally, an opportunity cost is the benefit that you gave up when you pass on that option in favor of another option. For instance, by choosing to purchase furniture instead of taking a vacation comes at the cost of not experiencing the relaxation and fun associated with a vacation. All options have opportunity costs (getting married instead of staying single, investing in school instead of retirement, etc).
Everyone should know that opportunity cost is a very important concept that doesn’t just have its application in economics; you can apply it to all aspects of your daily life. Whether you’re cooking, eating, playing soccer, going to the movies, or hitting the gym, so long as you’re breathing, evaluating the choices you’re presented with is an inevitability, whether conscious of it or not.
