1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sidana [21]
3 years ago
14

Ricardo works part time at a local computer store. One day, his manager approaches him about moving from cashier to floor superv

isor. Ricardo is excited because the promotion comes with a raise; however, the extra work hours would take away from time with his friends. In the end, he decides to take the promotion.
What is Ricardo's opportunity cost?
Business
1 answer:
Ivenika [448]3 years ago
8 0

Answer:Ricardo works part time at a local computer store. One day, his manager approaches him about moving from cashier to floor supervisor. Ricardo is excited because the promotion comes with a raise; however, the extra work hours would take away from time with his friends. In the end, he decides to take the promotion. Ricardo's opportunity cost is choosing the promotion over time with his friends.

<u>Explanation:</u>

When there are many options in front of us.Out of these options when we select one we have to forgo the other options. While we forgo other options we have to bear the loss. So the opportunity cost is the cost of the next best option that we have given up.

if Ricardo works extra hours than he will not get time to spend with his friends so this is his loss which is arising due to the benefit he is getting from promotion. This loss will be his opportunity cost.

You might be interested in
As nations learn to specialize in production, they will trade with other nations when what happens?
Goryan [66]
It c beehive :dndisbsbsjakk33 SJSU’s do d e ejeidjdjcnfjdidosodsbsbd d r g h f. D d ddjdidididhdbdjdjdjdndjfjdjdj
7 0
2 years ago
Dan kim does a lot of customer research on his ideas for new products before actually making a prototype. in the new-product dev
GarryVolchara [31]
<span>the part of the development process where Dan Kim does his research on his ideas is called innovation which is where new ideas are transformed into new products</span>
7 0
3 years ago
Fatima is struggling in her job and is experiencing increased dissatisfaction. She related to you that her manager has been unfa
oee [108]

Answer:

Cognitive dissonance

Explanation:

Cognitive dissonance is a psychological notion when an individual experiences thoughts and emotions that are not consistent (no matter the environment). In this example, it was expected from Fatima to quit her job (since she hated the manager). In spite of that, she continued to work. That caused the cognitive dissonance in her behavior, as she changed her attitude.

6 0
3 years ago
PLEASE HELP!!!
Luden [163]

building society --- is owned by its members and provides banking servic

trust company --- acts as a fiduciary and handles custodial asset arrangements

asset management firm --- invests people's funds in financial assets

stock brokerage firm --- trades securities and makes money from commissions


5 0
3 years ago
Read 2 more answers
You rent a DVD of The Dark Knight Rises. The rental is for seven days and you watch the movie on the first day. You tell a frien
bulgar [2K]

Answer:

The correct answer is letter "D": The football game you forego by watching the movie again.

Explanation:

Opportunity cost is what a person sacrifices when they choose one option over another. Opportunity cost is calculated by subtracting the return of the forgone option from the return of the chosen option. The result represents what was left on the table. Sometimes the chosen option can provide better returns than the forgone option and vice-versa.

In that case, the opportunity cost of watching "<em>The Dark Knight Rises</em>" one more time with a friend is the <em>football game </em>left behind.

8 0
3 years ago
Other questions:
  • Which term describes judging an individual based on the group to which they belong?
    9·2 answers
  • For each watch that Switzerland produces, it gives up the opportunity to make 50 pounds of chocolate. Germany can produce 1 watc
    13·1 answer
  • Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insuran
    9·1 answer
  • Carter Containers sold marketable securities, land, and common stock for $30 million, $15 million, and $40 million, respectively
    9·1 answer
  • Accounts receivable arising from sales to customers amounted to $80,000 and $65,000 at the beginning and end of the year respect
    14·1 answer
  • 8. Which factor is considered the most critical in determining where customers choose to shop?
    14·1 answer
  • Maxwell Washington's weekly gross earnings for the week ending March 9 were $2,620, and her federal income tax withholding was $
    12·1 answer
  • The following information is available for a company's utility cost for operating its machines over the last four months. Month
    6·1 answer
  • Write about the factors that affect the process of planning.​
    13·1 answer
  • A. An analysis of WTI's insurance policies shows that $2,674 of coverage has expired.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!