By definition, opportunity cost is the cost of the next alternative that you gave up because you choose another one. In this case, there are two alternatives: the closer gas station and the farther gas station. Because you chose the cheaper but farther gas station, then the opportunity cost is $2.50 for the closer gas station.
Answer:
Strategy of Unrelated diversification .
Explanation:
Unrelated Diversification -
It is a type of diversification , when the business tries to add new or some different product lines and tries to enter the new market , is known as the unrelated diversification .
Hence , in the question , The ABC tries to expand their business the filed of port and related services , this strategy is known as the unrelated diversification .
Answer:
The correct answer is the second option: How much money is needed to start the business and keep it operating.
Explanation:
To begin with, when we talk about a cash budget that is refered to a financial plan we are talking about the paper that helps the manager to establish how much money will be needed and that it will also show the flow of it in every period select by the person, commonly every month. Moreover, a cash budger is the most important part of a financial plan due to the fact that it will help the entrepreuner to have and idea of how the money is expended and from where it comes from as well so in that way he will understand better the business and its operations.
Answer:
Explanation:
Previously the government was earning 22000 in tax revenue but since it increased the tax rate to 25%, Song taxable income went down to $82500. Therefore now government tax revenue is
25% of 82500 = 20625
So government tax revenue decreased by 1375 ( 22000-20625)