Answer: The opportunity cost of producing 1 apple will be 1 orange.
Explanation:
Opportunity cost is defined as the loss or cost of another alternative when another alternative is being chosen by an economic agent.
In this scenario, the opportunity cost of producing every additional apple will be 1 orange due to the fact that as there's an increase in the production of apple from 80 to 90, there'll be a reduction in the production of orange from 30 to 20.
This indicates that for the increase of 10 apples, there's a reduction of 10 oranges which implies that an increase of 1 apple brings about a reduction by 1 orange.
You should make an avertisment to let the kids know that you are selling then when you make more money you look at hiring people maybve one or two at most
Answer:
$760,000
Explanation:
Costs of goods sold are the direct costs incurred in manufacturing products that sold to consumers in a period. It is obtained by using the formula below.
COGS = Beginning stock + purchases/ manufactured goods - ending stock stock.
For Edmiston Company
Beginning stock: $50,000
Endings stock: $40,000
Cost of goods manufactured: $750,000;
COGS = 50,000 + 750,000 - 40,000
COGS = $760,000
Answer:
a. Compute how much will be withheld during the year for Coach Samson's Social Security and Medicare.
the current social security cap (for 2020) is $137,700. This means that $137,700 x 6.2% = $8,537.40 will be withheld during the year.
but since this question seems to be a little old (2018 actually), the maximum withholding should be $128,400 x 6.2% = $7,960.80 for social security
Medicare withholdings have no limit, but instead people earning above $200,000 must pay an additional 0.9%:
Medicare withholdings = ($200,000 x 1.45%) + ($452,800 x 2.35%) = $13,540.80
b. What matching amount will the employer need to contribute?
the employer must pay the $7,960.80 in social security taxes, but the employer only pays 1.45% for medicare taxes = $652,800 x 1.45% = $9,465.60
Answer:
Macroeconomics: B;C;E
Microeconomics: A;D
Explanation:
Macroeconomics deals with the performance, structure, and behavior of the entire economy. It is a branch of economics that studies how an overall economy behaves. Macroeconomics looks at the overall, big-picture scenario of the economy, it focuses on the way the economy performs as a whole and then analyzes how different sectors of the economy relate to one another to understand how the aggregate functions.
Accordingly, to this definition, the topics relating to macroeconomics are:
(B) the effect of government regulations on auto emissions.
(C) the impact of higher national savings on economic growth.
(E) the relationship between the inflation rate and changes in the quantity of money.
Microeconomics is the social science that studies the implications of human action, specifically about how those decisions affect the utilization and distribution of scarce resources. Individual actors are often grouped into microeconomic subgroups, such as buyers, sellers, and business owners. These groups create the supply and demand for resources, using money and interest rates as a pricing mechanism for coordination.
Accordingly, to this definition, the topics relating to microeconomics are:
(A) a family's decision about how much income to save.
(D) a firm's decision about how many workers to hire.