Answer:
No, their economic cost of enrolling in the business program is not the same for both,
Explanation:
The explicit costs of going back to college are the same for Walter and Jesse, e.g. they might be $20,000 per year, or even $30,000 doesn't matter for this analysis. But Walter is currently working as a teacher and that means taht if he decides to go to college, his implicit costs will include the forgone salary as a teacher which is $50,000 per year. Implicit costs are opportunity costs, i.e. additional costs or benefits lost from choosing one activity or investment instead of another alternative.
Since Jesse is not working, whether she goes back to college or not will not affect her income, it will still be $0, but if Walter goes back to college he will lose his salary.
666, but to be honest I don’t understand what you are trying to say but yup
Answer:
The correct answer is 20 units.
Explanation:
According to the scenario, the given data are as follows:
Total cost = $10,000
Total fixed cost = $2,000
Average variable cost = $400
So, Total variable cost = Total cost - Total fixed cost
= $10,000 - $2,000 = $8,000
So, we can calculate the total number of widgets producing by using following formula:
Units producing = Total variable cost ÷ average variable cost
= $8,000 ÷ $400
= 20 units
If a customer's ATM<span> card is lost or stolen, the customer must notify the bank within two</span> days; and if that is done, the customer is then liable for only the first $50 <span>stolen. This is the usual policy of the banks.</span>
