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4 years ago

What are types of opportunity costs

Business

2 answers:

horrorfan [7]4 years ago

4 0

Answer:

Explicit Cost
Implicit Cost

Explicit Cost: This opportunity cost involves money payment (and sometimes a market transaction).

Implicit Cost: This opportunity cost DOES NOT involves money payment or a market transaction.

Explanation:

MatroZZZ [7]4 years ago

3 0

Answer:

This distinction gives rise to two types of opportunity cost--explicit and implicit.

1:Explicit Cost: This is an opportunity cost that involves a money payment and usually a market transaction. ...

2:Implicit Cost: This is an opportunity cost that DOES NOT involve a money payment or market transaction.

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If an agreement can not be made, a democratic leader will

MArishka [77]

Answer:

Explanation:

cuz u need to talk about it as a group

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3 years ago

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Suppose that MUX = Y and MUY = X. The prices of good X and good Y are $5 and $4, respectively. How many units of good X does the

bagirrra123 [75]

Answer:

She consumes 41 units of good X.

Explanation:

Utility Maximization:

The maximum utility that a consumer derives from the use of a specified amount of a good or service.

Consumer M aximise the utility when following condition is satisfied.

MUx / MUy = Px / Py

Y / X = 5 / 4

4Y = 5X

According to given sitation the budget constraint is

Px ( X ) + Py ( Y )= M

5X + 4Y = 410

Using 4Y = 5X

thus, 5X + 4Y = 410

5X + 5X = 410

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X = 41.

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3 years ago

The second step a clinician takes after meeting with a client is:

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4 years ago

Carlton Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $126,000.

Andre45 [30]

Based on the information given the amount that must be remitted to the state for February's sales taxes is $6,000.

Using this formula

Remitted amount=[February Total receipts÷(1+Sales tax rate)]×Sales tax rate

Where:

February Total receipts=$126,000

Sales tax rate=5%

Let plug in the formula

Remitted amount=[$126,000÷(1+0.05)]×0.05

Remitted amount=($126,000÷1.05)×0.05

Remitted amount=$120,000×0.05

Remitted amount=$6,000

Inconclusion the amount that must be remitted to the state for February's sales taxes is $6,000.

Learn more here:

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5 0

2 years ago

Strongheart enterprises anticipated selling 27,000 units of a major product and paying sales commissions of $6 per unit. actual

KIM [24]

Answer:

Cost variance is $6,400 unfavorable

Explanation:

Cost variance shows that how much under/over valued is the budget. It measures the difference of the actual cost incurred and the budgeted cost.

Earned value is the value of budgeted cost which is calculated using actual activity. It is the cost that should be incur on budgeted units.

Earned value can be calculated as follow:

Earned value = Actual Activity x Budgeted rate = $27,500 x $6 = $165,000

Formula for cost variance is as follow

Cost Variance = Earned Value - Actual Value

Cost Variance = $165,000 - $171,400

Cost Variance = -$6,400

It is an unfavorable variance because company incurred more cost than it should be.

7 0

3 years ago