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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.

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Answer:

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8 0
2 years ago
Ethnocentric managers believe that their native country, culture, language, and behavior need to be changed. are equal to all ot
Levart [38]

Answer:

are superior to other cultures.

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3 0
2 years ago
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Degger [83]

Answer:

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Logic behind above is that whatever portion of net profit is retained by the Company, is used in the Company's operations, which earns certain percentage of equity known as return on equity. By multiplying both return on equity with retention ratio, we assume that the practice will continue for foreseeable future and the Company will continue to grow at the calculated growth rate.

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5 0
3 years ago
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