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Luba_88 [7]
3 years ago
8

Jose has one evening in which to prepare for two exams and can employ one of two possible strategies:

Business
1 answer:
s344n2d4d5 [400]3 years ago
7 0

Answer:

a. 79

Explanation:

Opportunity cost can simply be defined as the alternative forgone. That is, opportunity cost is that good, commodity or service or whatsoever is sacrificed in order to obtain another. In economics, it is known as real cost. Thus in the question above, Jose employes strategy A such that when he prepares for two exams in one evening, the opportunity cost of receiving a 94 point on Economics exam is 79 points on the statistics.

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An arizona student claims to have spotted a ufo over the desert outside of tucson. how will his claim affect the supply (not the
Elena-2011 [213]
The supply would unlikely change. Although, the quantity supplied has a higher chance of responding to higher price for binoculars. Therefore, there would be a chance of increase in demand for binoculars which increases the selling price.
4 0
3 years ago
Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to
nlexa [21]

Answer:

Based on the given information related to costs for each of the options, the crossover point for Tim = <u>6,000</u> room nights (round your response to the nearest whole number). If the number of room nights is less than the crossover point, then <u>OUTSOURCING (Duffy's Maid Service)</u> is the best option available to Tim. Based on the given room nights that Tim expects to rent (18, 250), the best option is to keep doing the service <u>INSOURCING (doing it himself)</u>.

Explanation:

Currently, before outsourcing, Tim's total cost = $228,125 + $61,000 = $289,125. On average, he spends $15.84247 per room.

The Duffy's Maid Service offer would represent a total cost of $337,625 + $25,000 = $362,625 for the same occupation level.

the crossover point for Tim:

12.5x + 61,000 = 18.5x + 25,000

36,000 = 6x

x = 6,000 room nights

(6,000 x 12.50) + 61,000 = (6,000 x 18.50) + 25,000 = $136,000

7 0
4 years ago
Huey has eaten two hamburgers and is considering a third.The marginal benefit in his decision is the pleasure from consuming
krok68 [10]

Answer:

C

Explanation:

A rational consumer would keep consuming as long as he continues to derive satisfaction from consuming one more unit of a product..

For example, if you have eaten two hamburgers and you are contemplating whether to consume one more unit of hamburger or not.  one of the factors you would consider is if you would derive a marginal benefit from one more consumption. If you would, you would consume one more hamburger and if you would not, you won't consume the hamburger

6 0
4 years ago
If someone produced too little of a good, this would suggest that rational choice cannot be applied to many economic decisions.
juin [17]
If someone produced too little of a good, this would suggest that the good was produced to the point where its marginal benefit exceeded its marginal cost.
Both are metrics used in economics for measurement of costs and benefits.
Marginal benefit is the gain the business receives for doing anything "one more time.", while marginal cost is the additional cost the business incurs to produce one more unit.
This means that if someone produced too little of a good, the business gained more than it lost.
8 0
4 years ago
3. Which word relates to problem solving!
kkurt [141]

Answer: A is the one APEX

3 0
4 years ago
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