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Kay [80]
3 years ago
8

Every society faces trade-offs because we live in a world of scarcity. Suppose a student athlete has the opportunity to earn $20

0,00 next year playing for a minor league baseball team, $900,000 next year playing for a European professional football team, or $0 returning to college for another year The opportunity cost of the student athlete returning to college next year is $______.
Business
1 answer:
grandymaker [24]3 years ago
6 0

Answer:

Opportunity cost 900,000

Explanation:

The opportunity cost is the cost of the best alternative rejected, in order to do the pcurrent porohect.

The student, if picked to return on collegue, the opportunity cost will be the rejected baseball team or the rejected football team.

In this case, given two alternatives:

one for 20,000

and one for 900,000

the opportunity cost will be of 900,000 as is the best alternative

The opportunity cost for return to college will use this cost.

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Coordination and policy harmonization problems are largely a function of the number of countries that seek agreement.
sammy [17]
When a number of countries are working harmoniously together, then they would have no problems involving coordination and policy harmonization. It is inevitable to have a difference in opinions brought about by the diversity of culture. However, when countries respect each other's views, they work hand in hand to adjust and compromise with each other. So, the statement is false. The answer is B.
6 0
3 years ago
Variable Costing Income Statement for a Service Company The actual and planned data for Underwater University for the Fall term
Mkey [24]

Answer:

Underwater University Variable Costing Income Statement For the Fall Term:

                                                   Actual          Planned          Variance

Number of Enrollment               4,500              4,125            375

Credit hours                              60,450            43,200         17,250

Revenue                                 $7,254,000     $5,832,000     $1,422,000

Variable costs:

Registration, records,

 & marketing costs               $1, 237,500        $1,134,375         $103,125

Instructional costs                   3,868,800        2,592,000       1,276,800

Total variable costs              $5,106,300      $3,726,375    $1,379,925

Contribution margin              $2,147,700       $2,105,625         $42,075

Depreciation on classrooms

       & equipment                   $825,600         $825,600           $0

Operating income                 $1,322,100      $1,280,025         $42,075

Explanation:

Variable costing income statement is an income statement which shows the contribution that revenue makes in paying for the fixed costs, before arriving at the Operating Income.  In variable costing, there is a separation of variable costs from periodic or fixed costs.  All direct materials, labor, and variable overheads are charged to the variable costs, while fixed costs are expensed to the period for which they are incurred.

5 0
3 years ago
slader Each month Leo must make copies of a budget report. When he uses both the large and the small copier, the job takes 30 mi
storchak [24]

Based on the time it takes Leo when he uses two machines, the length of time it will take if the large copier is broken is <u>75 minutes. </u>

<h3>How long will it take if the large copier is broken?</h3><h3 />

This can be found by the formula:

= 1 / ( (1 / time taken with both copiers) - (1 / time taken with large copier) )

Solving gives:

= 1 / ( ( 1 / 30) - (1 / 50))

= 1 / (1 / 75)

= 75 minutes

Find out more on budget reports at brainly.com/question/25812320.

7 0
2 years ago
Explain what the economic problem is​
Helen [10]

Answer:

Economic systems as a type of social system must confront and solve the three fundamental economic problems: What kinds and quantities of goods shall be produced, "how much and which of alternative goods and services shall be produced?" How shall goods be produced? ..by whom and with what resources

8 0
2 years ago
A distributor of personal computers has five locations in a city. In the year's first quarter, the sales in units were: Location
iragen [17]

Answer:

It is observed  that the value of test statistics (19.168) is greater than the critical value (13.277), thus the rejected hypothesis, H₀ at α = 0.01.

There is enough evidence to conclude or deduce that sales were the same for all locations

Explanation:

Solution

Given that:

Object: Test whether the sales were the same for all locations by applying 1% significance level.

The Null Hypothesis H₀ : Sales were the same for all locations

E₁ =  70 +75 +70+ 50 + 35/5 = 60

The Alternative Hypothesis Hₐ : Sales were not the same for all locations

Now,

The decision rule:

the Level of Significance be α = 0.01

Degrees of freedom is df= Number of categories -1

=5-1 = 4

Note: Kindly find an attached copy of part of  the work solution of this given question

3 0
3 years ago
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