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3 years ago

According to economists, one reason few professional athletes have PhD’s is that the:

Business

1 answer:

ryzh [129]3 years ago

5 0

Answer:

d. opportunity cost of going to graduate school is too high.

Explanation:

The cost of choosing an alternative instead of another is known as the opportunity cost. In order to obtain a PhD, athletes would have to delay their professional careers, which would cause then to potentially miss out on years of millionaire contracts. Therefore, the opportunity cost of going to graduate school is too high.

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The monopoly demand curve is _____________, while the perfectly competitive firm’s demand curve is _______________. This is beca

Amiraneli [1.4K]

Answer:

Downward sloping; horizontal line; demand; large number of competitors

Explanation:

A monopoly is a market structure where there is only a single firm in the market. This firm is a price maker. It can charge whatever price it wants, but the consumers will demand more at a lower price.

That is why the demand curve of a monopoly is downward sloping and the same as the market demand curve.

A perfectly competitive market refers to the market structure where there is a large number of buyers and sellers. These firms are price takers. They face a horizontal line demand curve. This is because of a large number of competitors producing homogenous products. So if a firm raises its prices the consumers will move to the firm at a lower price.

The market demand curve though is downward sloping.

8 0

3 years ago

Windsor Inc. had beginning inventory of $11,700 at cost and $19,700 at retail. Net purchases were $130,016 at cost and $169,800

Ulleksa [173]

Answer:

$24,779

Explanation:

In order to calculating the ending inventory using the conventional retail inventory method. we required to do the following computations which are shown below:

Using cost method

Goods available for sale:

= Beginning inventory + Purchases

= $11,700 + $130,016

= $141,716

Using retail method

Ending inventory

= Beginning inventory + Purchases + Net markups - Net markdowns - sales revenue

= $19,700 + $169,800 + $101,00 - $6,800 - $157,900

= $34,900

Now

Cost to retail ratio = $141,716 ÷ ($19,700 + $169,800 + $101,00)

= $141,716 ÷ $199,600

= 0.71

So,

Estimated ending inventory at cost:

= Estimated ending inventory at retail × Cost to retail ratio

= $34,900 × 0.71

= $24,779

3 0

3 years ago

Elle, an adolescent, believes that government should pay for citizens' health care. from this premise, she reasons about the par

harina [27]

This is an example of<u> "deductive reasoning".</u>

Deductive reasoning is a coherent procedure in which a conclusion depends on the concordance of numerous premises that are commonly thought to be valid.

Deductive reasoning is sometimes alluded to as top-down logic. Its partner, inductive thinking, is some of the time alluded to as base up rationale. Where deductive thinking continues from general premises to an explicit end, inductive thinking continues from explicit premises to a general end.

8 0

3 years ago

You are offered a chance to buy (cash outflow) an asset for $200,000 that is expected to produce cash inflows of $100,000 at the

madreJ [45]

Answer:

15.65%

Explanation:

The computation of the internal rate of return is shown below:

Given that

Years Cash outflow/ cash inflow

0 -$200,000

1 $100,000

2 $77,000

3 $52,000

4 $40,000

The formula is

= IRR()

AFter applying the above formula, the internal rate of return is 15.65%

7 0

2 years ago

What is the process where a business takes raw materials and processes them or converts them into a finished product for its goo

sashaice [31]

Answer:

Material processing

Explanation:

Materials processing can be said to the series of operations that transforms industrial materials from a raw-material state into finished parts or products.

3 0

3 years ago