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3 years ago

The opportunity cost to a consumer who smokes cigarettes is the:

Business

1 answer:

andreyandreev [35.5K]3 years ago

6 0

Answer: d. Products the consumer could have bought instead of cigarettes.

Opportunity cost refers to the loss benefits from the choices a person would have made if he or she had not made a particular choice.

Opportunity cost is also known as alternate cost.

In this question, had the consumer would have spent on other products if he had not bought cigarettes. Hence these products represent the opportunity cost of cigarettes.

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According to the Fisher effect, if the "real" rate of interest in a country is 3 percent and the expected annual inflation is 8

Pachacha [2.7K]

Answer:

11.24%

Explanation:

Fisher equation:

(1 + nominal interest rate) = (1 + real interest rate) x (1 + expected annual inflation)

1 + nominal interest rate = 1.03 x 1.08

--> Nominal interest rate = 11.24%

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3 years ago

The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of:_____

OlgaM077 [116]

The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of materiality. In auditing and accounting, the term "materiality" refers to the importance or "significance" of a sum, a transaction, or a discrepancy.

According to the general accepted accounting principles (GAAP) criterion known as "materiality," all items that are conceivably likely to have an influence on investors' decision-making must be documented or disclosed in full in a company's financial statements. The significance of information in financial accounts of a corporation is referred to as materiality. A transaction or business decision is "material" to the business if it necessitates reporting to investors or other users of the financial statements and cannot be excluded.

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1 year ago

What is the role of Scientific management in the modern era?

rjkz [21]

The Scientific management in the modern era is management that analyzes and synthesizes workflows.

The role of Scientific management in the modern era is improving economic efficiency, especially in the labor productivity. It is a systematic approach to handle management problems. It implies scientific techniques in method of work, recruitment, selection and training of workers.

Scientific management in the modern era is helped in the enhanced production. The employees perform repetitive tasks and are therefore easily controlled by the management.

To know more about management here,

brainly.com/question/20435550

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1 year ago

Tasty Doughnuts has computed the net present value for capital expenditure at two locations. Relevant data related to the comput

Kay [80]

Answer:

0.95 and 1.06

Explanation:

The computation of the present value index is shown below:

Present value index = Present Value of net cash Flow ÷ Amount invested

So for each projects, it would be

Particulars Des Moines Cedar Rapids

Total present value of

net cash flow (A) $712,500 $848,000

Amount invested (B) $750,000 $800,000

Present value index (A ÷ B) 0.95 1.06

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3 years ago

According to Michael Porter, what are three effective competitive positioning strategies? a. focus, differentiation, and middle-

Norma-Jean [14]

Answer: D) overall cost leadership, differentiation, and focus

Explanation:

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3 years ago