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Answer and Explanation:
The computation of the fixed cost and the variable cost of electricity per occupancy-day by using high low method is shown below:
The Variable cost of electricity per occupancy-day = (High electrical cost - low electrical cost) ÷ (High month occupancy days - low month occupancy days)
= ($11,575 - $2,450) ÷ (4,350 - 700)
= $9,125 ÷ 3,650
= $2.50 per occupancy days
Now the fixed cost equal to
= High electrical cost - (High month occupancy days × Variable cost per occupancy days)
= $11,575 - (4,350 × $2.50)
= $11,575 - $10,875
= $700
The other factors other than the occupancy days affect the variation in electrical costs from month to month is the number of days present in a month as it remains fixed with respect to the occupancy , seasonal factors like winter or summer as in the summer the electrical cost is high as compared in the winter season , and the Systematic factors like guests, switching off fans and light depend on their wish or as per usage.
Any opportunity cost is that cost which you give up in order to pursue a different thing. In this problem, you give up your $11,000 job to go to school. However you are going to spend $2300 (tuition is $2000 and books are $300) to go to school.
In short: If you took the job, you would make $11,000. If you go to summer school, you spend $2,300. However, you are in school, and both spending and not making the money. Your opportunity cost is their sum - $13,300, because you gave up the job and are spending money on books and tuition.
Notice that the living expenses are not mentioned - that is a fixed cost and that change is not included.
The opportunity cost is $13,300.
Answer:
1. Illegal
2. illegal: forbidden by law
The Odyssey was written by Homer. It is one of the two major Greek epic poems that Homer wrote. This poem is about the Greek hero, Odysseus and his journey home after the city of Troy fell at the end of the ten-year Trojan War. When Odysseus leaves to fight in the Trojan War, he leaves Odysseus's son's teacher and overseer, <span>Mentor in charge of his whole household. Therefore Mentor looks after Odysseus's son during Odysseus's absence.</span>