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Basile [38]
3 years ago
5

Eleanor and Darnell need to decide which one of them will take time off from work to complete the rather urgent task of shearing

their llamas. Eleanor is pretty good with a pair of shears; she can shear the llamas in 30 minutes. Darnell is somewhat slow; it takes him 5 hours to shear the llamas. Eleanor earns $160 per hour as a psychiatrist, while Darnell earns $25 per hour as a cobbler. Keeping in mind that either Eleanor or Darnell must take time off from work to shear the llamas, who has the lower opportunity cost of completing the task?
Business
1 answer:
Naily [24]3 years ago
5 0

Answer:

Eleanor has the lowest opportunity cost of completing the task. Opportunity cost of $80.

Explanation:

opportunity cost calculations

Eleanor; she earns $160 per hour and can complete the task in 30 minutes therefore we convert the minutes to hours 30/60 = 0.5hours

$160 *0.5hours = $80

Darnell ; he earns $25 per hour and it will take him 5 hours to complete the task , his opportunity cost is $25 *5 =$125.

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Answer:

<em>a. 22.64%</em>

Explanation:

At first we are going to need to compute the Internal rate of return(IRR) (in which the current value of inflows = the current value of outflows)

Let's let the IRR be <em>x percent</em>

Therefore $4,500 = $750 / (1.0x)

+ $1,000 / (1.0x) <em>power 2</em> + $850 / (1.0x) <em>power 3 </em>

+ $6,250 / (1.0x) <em>power 4</em>

Thus, x = approximate return rate = <em>22.64 percent</em>

6 0
3 years ago
Which of the following is an example of a Specialty store? a. Big Lots c. Macy’s b. Wal-Mart d. PetSmart
erik [133]

Answer:

<u>PetSmart</u> is an example of a speciality store.

Explanation:

It sells stuff only related to pets, unlike the other stores mentioned.

7 0
2 years ago
4. List three reasons for dividing a grill into zones of varying heat intensity.
SCORPION-xisa [38]

In the United States broiling is a top-down heat whereas grilling is a bottom-up heat. Grilling is anything where heat is aimed at food, top, side, or down. Baking in the UK is the same as in the U.S. (convective or ambient temperature equivalent cooking.)

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3 0
3 years ago
Question 27 (1 point)<br> The relationship between the amount of inputs and outputs is known as
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Answer:

A production function

Explanation:

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4 0
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D. Verification by each consumer would be extremely inefficient

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4 0
3 years ago
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