1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nlexa [21]
3 years ago
7

In one day, Sue can change the oil on 20 cars or change the tires on 20 cars. In one day, Fred can change the oil on 20 cars or

change the tires on 10 cars. Sue's opportunity cost of changing oil is ________ than Fred's and her opportunity cost for changing tires is ________ than Fred's.
A) greater; less
B) less; greater
C) less; less
D) greater; greater
Business
1 answer:
mario62 [17]3 years ago
4 0

Answer:

Sue's opportunity cost of changing oil is <u>more</u> than Fred's and her opportunity cost for changing tires is <u>less</u> than Fred's.

Explanation:

Opportunity Cost is the value of next best alternative sacrifised while choosing an alternative. Eg : If I can read English or Science & opportunity cost of reading it is reading Science.

               Oil         Tires          Sacrifise Ratio  (Oil:Tires)  

Sue       20           20             20:20 = 1:1

Fred       20            10             20:10 = 2:1 or 1:0.5

Sue can change oil by sacrifising 1 unit tire, Fred can change oil by sacrifising 0.5 unit of tire. So, Sue's opportunity cost of changing oil is more than Fred's .

Fred can change tire by sacrifising 2 units of oil, Sue can change tire by sacrifising 1 unit of oil. So, Sue's opportunity cost of changing tires is less than Fred's.

You might be interested in
Holtzman Clothiers's stock currently sells for $40.00 a share. It just paid a dividend of $1.75 a share (i.e., D0 = $1.75). The
VladimirAG [237]

Answer: See explanation

Explanation:

a. What stock price is expected 1 year from now?

This will be calculated as:

= P0 × (1 + g)

where,

P0 = $40

g = growth rate = 7%

= P0 × (1 + g)

= 40 × (1 + 7%)

= 40 × (1 + 0.07)

= 40 × 1.07

= $42.80

b. What is the required rate of return?

This will be:

= (D1 / P0) + g

where D1 = D0 × (1+g) = 1.75 × (1+0.07) = 1.75 × 1.07 = 1.8725

= (D1 / P0) + g

= (1.8725 / 40) + 0.07

= 0.1168

= 11.68%

5 0
2 years ago
Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have
zzz [600]

Answer:

utilitarian approach.

Explanation:

Cherries on Top is a national ice cream shop and is struggling financially to keep up with the bigger chains. The top executives have decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the utilitarian approach.

Utilitarianism can be defined as an ethical moral theory that offers anyone a relatively direct method for enhancing choices and making decisions about the right course of action for any particular situation.

Basically, the utilitarian approach analyzes and measure an action in terms of its outcome or consequences; by determining the net benefits and costs to all stakeholders of an organization individually.

The main purpose or focus of the utilitarian approach is to achieve the best possible outcome or results for the overall success of the business while creating the least amount of harm, loss, damage or suffering.

<em>Hence, the executive of Cherries on Top is practicing the utilitarian approach. </em>

8 0
3 years ago
Payroll Taxes Champaign Inc., a company that provides educational consulting services to large universities across the nation, h
HACTEHA [7]

Answer:

Date       Account Title                                                          Debit          Credit

XX-XX    Wages Expense                                                    $62,000

              Federal Income Tax Withholding Payable                              $7,440

              Social Security Taxes Payable (Employee)                            $3,844

              Medicare Taxes Payable (Employee)                                     $  899

              Cash                                                                                         $49,817

<u>Working </u>

Social Security Taxes Payable (Employee) = 6.2% * 62,000 = $3,844

Medicare Taxes Payable (Employee) = 1.45% * 62,000 = $899

Date       Account Title                                                         Debit            Credit

XX-XX   Social Security Taxes Expense (Employer)        $3,844

             Medicare Taxes expense (Employer)                   $899

             State Unemployment tax expense                        $75

             Social Security Taxes Payable (Employer)                             $3,844

             Medicare Taxes Payable (Employer)                                      $899

             State Unemployment tax Payable                                           $75

5 0
3 years ago
Criminal law is concerned with a. the prosecution of private individuals by other private individuals. b. the prosecution of pub
Agata [3.3K]

Answer:

d.

Explanation:

Criminal law is a branch of the United States Justice System which deals with all types of crimes. Criminal law is mostly concerned with wrongs committed against the public as a whole. Such crimes include anything that can be perceived as being threatening or harmful to the property, health or safety of the population or an individual.

4 0
3 years ago
Suppose the economy is in long-run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes
sergiy2304 [10]

Suppose the economy is in the long run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes then in the short run, real GDP will

  • fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.

Given that this economy is in the long run equilibrium. Given a sharp increase in minimum wage and taxes, then real GDP will decrease in the short run as well as the price level.

In the long run it may stay the same. But the Real GDP will definitely be lower.

Read more on brainly.com/question/15544413?referrer=searchResults

3 0
2 years ago
Other questions:
  • An october sales forecast projects 7,000 units are going to be sold at a price of $11.50 per unit. the desired ending inventory
    9·1 answer
  • Technology influences the way that business organizations function. Make a list of the various global industry trends that play
    6·1 answer
  • A manager should attempt to maximize the value of the firm by changing the capital structure if and only if the value of the fir
    11·1 answer
  • Quito contracts with Rewind Graphix, Inc., to pay $5,000 for its work on the animated film "Song." After Rewind performs, they s
    9·1 answer
  • Manufacturers follow four steps to implement a manufacturing overhead allocation system. The last step is to:
    12·1 answer
  • Prior to the financial meltdown, bond ratings agencies were accused of having _____ because they were paid by the organizations
    12·1 answer
  • Mini-Case Nolan and Sadie have just opened a new restaurant on the edge of town, Cajun Kitchen. They own the land and building a
    12·1 answer
  • Southwest U's campus book store sells course packs for $15 each, the variable cost per pack is $10, fixed costs to produce the p
    11·1 answer
  • Ritz​ Products's materials​ manager, Tej​ Dhakar, must determine whether to make or buy a new semiconductor for the wrist TV tha
    15·1 answer
  • Read the sentence.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!