Answer:
0.67
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
If the family buys one can of soup, the opportunity cost is the frozen food forgone.
Opportunity cost of one can of soup = 60 / 90 = 0.67
I hope my answer helps you
The term that best fits the blank provided above is LOYALTY CARD. This kind of system allows the provision of rewards and incentives for consumers and this would also allow detailed recording and the tracking of the activities of the consumers. Hope this helps.
Answer:
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Answer:
The answer is $199
Explanation:
Solution
Given that:
There is fair chance of 10% of you involving in an accident.
The damage incurred is =$1990
There is 90% chance that nothing will happen'
Utility function U (1)√1
Now,
We find the fair price of this policy
A fair premium is the amount that enables insurance company to break exactly even. that is to say
economic zero profit = expected costs.
Thus,
EC =p * (The loss of income if the accidents take place) + 1- p (The income loss when accidents foes not take place)
EC = 0.1 ($1990) + 0.9 (0) =
EC = $199 + 0 = $199
Therefore, the fair price of this policy is $199
Accumulate sales, direct expenses, indirect expenses by department toggle button Accumulate sales, direct expenses, indirect expenses by department.
<h3>What is direct expenses?</h3>
A direct expense is one that is proportional to the volume of a cost object. Any item for which you are assessing expenses, including as items, product lines, services, sales areas, workers, and consumers, is referred to be a cost object.
Thus, option A is correct
For further details about direct expenses, click here:
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