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Feliz [49]
3 years ago
12

Amanda can choose between two alternatives after high school. She can either attend a university or work at her father's grocery

store. Amanda will have to pay $9,000 for tuition and fees to enroll in the university. However, if she decides to work at the grocery store, she will earn $500 per week. If Amanda decides to go to college, the opportunity cost of her decision will be:
Business
1 answer:
stiv31 [10]3 years ago
4 0

Answer:

500 dollars per week will be their opportunity cost.

Explanation:

The opportunity cost is the best rejected alternative for each factor. In this case, as we are checking for Amanda's time it will be the lost wages from going to college

If Amanda invest saving, the alternative investment interest will be the opportunity cost.

If it use a house, the alternative opportunity cost will be the proceeds from renting.

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perfectly competitive firm sells pineapples for​ $4 each. MR​ = MC at a quantity of 600 units. Average total cost at the​ profit
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Answer:

$ 750

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Vincent operates a scenic tour business in Boston. He has one bus which can fit 50 people per tour and each tour lasts 2 hours.
mixas84 [53]

Answer:

There is some information missing, and when I looked for it I found similar questions but the demand was already given and the question was about Vincent's total daily income.

Passenger                  Price                  Daily demand

Adults                          $18                        70

Children                      $10                        25

Senior citizens            $12                        55

total                                                           150

total revenue per day = ($18 x 70) + ($10 x 25) + ($12 x 55) = $1,260 + $250 + $660 = $2,170

total operating costs per day = (150 / 50) x $450 = $1,350

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6 0
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Market economy is the economic system which private businesses can operate freely with minimal state control
7 0
3 years ago
Read 2 more answers
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