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denis-greek [22]
3 years ago
8

Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffles; Maria can make either 8 pancakes or 2 waffle

s. According to this scenario, the opportunity cost of making one waffle for Maria is
Business
1 answer:
masya89 [10]3 years ago
3 0

Answer:

The cost of opportunity is 4 pancakes.

Explanation:

The cost of opportunity is by definition the amount of things you don't do or buy, because of choosing doing or buying something else. In this case, Maria can make:

  • 8 pancakes
  • 2 waffles

This means that at every moment, she can choose to make or 8 pancakes or 2 waffles, but not both. If we continue with this logic, in the time she could make 1 waffle, she could have chosen to make 4 pancakes. This is her cost of opportunity.

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Ivan is an operations manager of a chain of amusement parks. Before she determines a new location for a park, she must forecast
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because Ivan's decisions will impact the substantial cost of the business.

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3 years ago
SBD Phone Company sells its waterproof phone case for $90 per unit. Fixed costs total $162,000, and variable costs are $36 per u
tigry1 [53]

Answer:

6,704 units

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