Answer: Having lower opportunity costs.
Explanation: Opportunity cost can be defined as the cost of next best alternative foregone. In this case, James is saving his money by taking work of a professional from a new recruit also he gets the opportunity to procure high quality materials which he was earlier not able to. Thus, he is saving a major portion of income because of a less costly alternative available.
Answer:
c. 3 loaves of bread for Andy and 1 loaf of bread for John.
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
For Andy, the opportunity cost of producing 1 pound of butter is = 24 / 8 = 3
For John, the opportunity cost of producing one pound of butter is 8/8=1
I hope my answer helps you
When a lender charges interest, it is known as: A. Annual Percentage Rate (APR) The annual percentage rate is the rate of interest lenders such as credit card companies use when charging interest on borrowed funds from their users. The annual percentage rate is divided by the 12 months in the year and then charged each month on the finances that are not paid off.
Answer:
Final Value= $187,251.22
Explanation:
Giving the following information:
Your grandmother has been putting $5,000 into a savings account on every birthday since your first (that is, when you turned 1). The account pays an interest rate of 8%.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,000[(1.08^18)-1]}/0.08= $187,251.22
Answer: Option E
Explanation: In simple words, bench strength refers to the ability of an organisation members to take more responsibility when required and step up their performance in times of distress.
In the given case, the employees of Social byte are able enough to take more responsibility readily.
Hence from the above we can conclude that the correct option is E.