Answer:
0.75 wheat
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
the opportunity cost of producing cars, is the quantity of wheat that would have to be forgone to produce one car
18 / 24 = 0.75 wheat
Answer:
(C) Unaffected.
Explanation:
This is a change in estimate. No prior period adjustment is needed.
Answer:
EAW = -$17,545.71
Explanation:
initial investment = $200,000
cash inflows;
- Year 1 = $33,000
- Year 2 = $44,000
- Year 3 = $55,000
- Year 4 = $66,000
- Year 5 = $77,000
- Year 6 = $88,000
- Year 7 = $99,000
- Year 8 = $110,000
- Year 9 = $132,000
cash outflows:
- Year 1 = $20,000
- Year 2 = $30,000
- Year 3 = $40,000
- Year 4 = $50,000
- Year 5 = $60,000
- Year 6 = $70,000
- Year 7 = $80,000
- Year 8 = $90,000
- Year 9 = $100,000
EAW = equivalent annual worth = equivalent annual benefits - equivalent annual costs
to determine the EAB we must first find the PV of the cash inflows using a financial calculator = $408,348.84
EAB = (PV x r) / [1 - (1 + r)⁻ⁿ] = ($408,348.84 x 10%) / [1 - (1 + 10%)⁻⁹] = $70,905.91
to determine the EAC we must first find the PV of the cash outflows (including initial outlay) using a financial calculator = $509,395
EAC = (PV x r) / [1 - (1 + r)⁻ⁿ] = ($509,395 x 10%) / [1 - (1 + 10%)⁻⁹] = $88,451.62
EAW = $70,905.91 - $88,451.62 = -$17,545.71
True , Cyclical unemployment can be negative.
Explanation:
Cyclical unemployment may be negative as well — when the economy hits its productivity and will be in the economic growth cycle process (works outside its PPC), then cyclical unemployment will be negative. The current unemployment rate is below the standard rate of unemployment.
The given statements are different in each scenario.
There are three elements of employment:
• Structural unemployment, which happens when Jobless people are also not qualified to work
• Frictional unemployment, due to the time needed to find one another by job-seekers and accessible employers
• Cyclical unemployment, because of the status of the business cycle unemployment
