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frozen [14]
2 years ago
10

You can spend $100 on either a new economics textbook or a new tablet computer. If you choose to buy the new economics textbook,

the opportunity cost is:
Select one:
a. your enjoyment of the new tablet computer.
b. both the $100 and the your enjoyment of the new tablet computer.
c. $100.
d. impossible to determine.
Business
1 answer:
Keith_Richards [23]2 years ago
3 0

Answer:

The correct answer is a. your enjoyment of the new tablet computer.

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.  It represent <u>the benefits that you misses out </u>on when choosing one alternative over another.  

In this case, the cost of opportunity is enjoy the tablet computer because that is what you left behind.  

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AccuroDisk Inc. manufactures external hard disks for $32 per unit, and the maximum price customers are willing to pay is $47 per
Kamila [148]

Answer:

C) AccuroDisk creates a greater economic value than TD Storage.

Explanation:

Economic value can be defined as the value added by a producer of a good and it is measured by the maximum amount that consumers are willing to pay for that good minus the costs of production.

AccuroDisk economic value = $47 - $32 = $15

TD Storage economic value = $50 - $37 = $13

6 0
3 years ago
When we do not get to know someone because we do not have to see that person in order to do our business, we often do not take i
torisob [31]

Answer:

Explanation:

This is a challenge posed by the facelessness that results from the use of new technology accessible in the workplace. This applies to any form of business that is either done completely autonomous or is done in an online format. Such a type of store is an E-commerce store, since all of the sales on this platform are done online, there is no face-to-face contact between the store owner/employees and the customers. Therefore, the store owners can make decisions thinking it is best for the store, but cannot fully understand the complete effect that it will have on the customers.

3 0
3 years ago
On March 15, a fire destroyed Oriole Company's entire retail inventory. The inventory on hand as of January 1 totaled $6900000.
Nitella [24]

Answer:

approximately $6,676,000

Explanation:

the value of the inventory that was destroyed by fire = beginning balance on January 1 + purchases made before the fire + freight costs - cost of goods sold

inventory destroyed by fire = $6,900,000 + $3,032,000 + $342,000 - ($5,140,000 x 70%) = $10,274,000 - $3,598,000 = $6,676,000

6 0
3 years ago
Zachary Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in t
lions [1.4K]

Answer:

a) $23,260 b) = $128,860

Explanation:

The question is divided into two parts

part A) calculate the amount of fixed cost incurred each month by Zachery Boat Company

Step 1: We calculate the Variable Cost per unit as follows:

Variable Cost per unit= The Changes in total cost  / the change in volume

= ($160,540 - $49,000) / (208 boats- 39 boats )

= $111,540 /  169 Boats

= $660 per boat

Step 2: Now determine the fixed cost

Fixed cost = The total cost incurred (high) - the variable cost( 208 boats x $660 per boat)

= $160, 540 - $137,280

= $23,260

Part b) We calculate the total estimated costs if 160 boats are made

= Total costs = The fixed cost (determined above) + The variable cost (160 boats x $660 per boat)

= $23,260 + $105,600

= $128,860

4 0
3 years ago
Suppose a customer is the one who randomly selects and then purchases the four apples. if an apple is damaged, the customer will
tatiyna
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8 0
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