The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.
<h3>What is the cost?</h3>
A cost is often the value of the money that was expended during the production or delivery of something or service and is now unavailable for use.
Manufacturing, research, retail, and accountancy all make use of this idea. In business transactions, the cost may be an acquisition cost, in which case the amount of money spent to acquire it is considered to be part of the cost.
Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.
As a result, opportunity cost describes a decision we must make in order to make another one.
You have $50, for instance, which you may spend on a date with your partner or on your preferred game. The inability to purchase the game is your opportunity cost if you decide to utilize that money to take your partner out on a date.
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<span>ANSWER: a
RATIONALE: Shares outstanding 530,000
Price per share $27.50
Total book common equity $5,125,000
Book value per share = Total book equity/Number of shares $9.67
Difference between book and market values $17.83</span>
Answer:
$20,000
Explanation:
Data provided in the question:
Amount spent on research and development = $3 million
Rent = $20 million = $20,000,000
Materials and wages = $10,000 per tractor
Number of tractors to be sold = 2,000
Now,
The lowest price will be when the company attains the break-even
thus,
At break-even point
Total cost = Total revenue
let the lowest cost be 'x'
therefore,
2,000x = $20,000,000 + ( $10,000 × 2,000 )
or
2,000x = $20,000,000 + $20,000,000
or
2,000x = $40,000,000
or
x = $20,000
Answer: A
Explanation: Tariffs are imposed on foreign goods that are bought into a country. There are several reasons for the imposition of tariff such as revenue generation for the government, prevention of dumping, and protecting local industries.
When tariffs and other trade restrictions are placed on a product, it increases the domestic prices of such products. This is a blessing to domestic producers selling similar products because there will be an increase in demand for domestic products
