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muminat
3 years ago
5

Suppose Jon Stewart of the​ "Daily Show" makes an annual income of​ $1,000,000. If he quit his television job and went into prod

ucing he could make​ $400,000 per year. Jon​ Stewart's opportunity cost as a producer is
Business
1 answer:
djyliett [7]3 years ago
3 0

Answer:

$1,000,000.

Explanation:

Opportunity cost is the cost of the other alternatives forgone when one option is chosen over other options. It is known as economic cost.

By choosing to work on tv, Jon Stewart forgoes the choice of been a producer and earning $400,000. Therefore, his opportunity cost is $400,000.

If Jon Stewart chooses to be a producer, he would forgo the opportunity to work on the tv and earn $1 million. His opportunity cost would be $1 million.

I hope my answer helps you

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An employee is able to receive health insurance from a former employer after changing jobs. What best describes the legislation
Firdavs [7]

Answer:

Health Insurance Portability and Accountability Act (HIPAA).

Explanation:

An employee is able to receive health insurance from a former employer after changing jobs because of the Health Insurance Portability and Accountability Act (HIPAA).

The Health Insurance Portability and Accountability Act (HIPAA) of 1996 was a bill enacted by the 104th U.S Congress and was signed in 1996 by President Bill Clinton. It is a federal law that protects sensitive patient health information from being disclosed without their knowledge, approval or consent and payment of health care insurance for employees.

7 0
3 years ago
The asset​ account, Office Supplies had a beginning balance of $ 6 comma 000$6,000. During the accounting​ period, office suppli
LuckyWell [14K]

Answer:

The amount of Supplies Expense for the accounting​ period is $9,000

Explanation:

The computation of the supplies expense is shown below:

= Beginning balance of office supplies + purchase of office supplies - office supplies on hand

= $6,000 + $5,000 - $2,000

= $9,000

The journal entry is shown below for better understanding:

Supplies Expense A/c Dr $9,000

        To supplies A/c                $9,000

(Being supplies expense is adjusted)

5 0
3 years ago
The competitive equilibrium rent in a standard two bedroom apartment in lawrence (a city) is $600. now suppose the city council
Mekhanik [1.2K]
<span>Setting a rent control price ceiling will cause the same impact as any other price ceiling that is below the market equilibrium price: it will create a shortage in the market. At the price equilibrium of $600, the number of renters would exactly meet the number of available 2 bedroom apartments. However, with this fixed price ceiling, the position along the demand curve will shift to one of higher demand, with no analogous change in the supply curve. Thus there will be more renters than can be supported, and renters will have to look for alternatives and substitutes.</span>
8 0
4 years ago
if the insured must rent a car because his was stolen, what is the maximum dollar amount of coverage available under the commerc
Firdavs [7]

If the insured must rent a car because his was stolen,the maximum amount of protection permitted by the commercial auto policy in terms of money is $600

Insurance
This policy also provides coverage for loss or damage to the insured vehicle and its accessories as a result of: Lightning, a fire, an explosion, or self-ignition. stealing, housebreaking, or burglary. strike and riot.

If your stolen car is not recovered, the insurance provider will make a payment equal to its current market value, or Insured Declared Value, or IDV. Only individuals with personal damage or comprehensive auto insurance are eligible for coverage in this circumstance.

To learn more about Insurance
brainly.com/question/25740123
#SPJ4

5 0
1 year ago
A company must decide if it will make or buy an item it needs. The company can make the item for $10 per unit, but must invest $
Bezzdna [24]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Unitary variable cost= $10

Total fixed costs= $15,000

Selling price= $12

The break-even point analysis shows the number of units required to cover for the fixed costs.

To calculate the break-even point in units, we need to use the following formula:

Break-even point= fixed costs/ contribution margin

Break-even point= 15,000/ (12 - 10)= 7,500 units

5 0
4 years ago
Read 2 more answers
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