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Igoryamba
3 years ago
9

Hilary and Edison need to decide which one of them will take time off from work to complete the rather urgent task of digging po

stholes for their new fence. Hilary is pretty good with a post auger; she can dig the holes in 1 hour. Edison is somewhat slow; it takes him 9 hours to dig the holes. Hilary earns $200 per hour as a personal trainer, while Edison earns $25 per hour as a clerk. Keeping in mind that either Hilary or Edison must take time off from work to dig the holes, who has the lower opportunity cost of completing the task?
a) Hilary and Edison face identical opportunity costs
b) Hilary
c) Edison
Business
1 answer:
IrinaK [193]3 years ago
7 0

Answer:

B) Hilary.

Explanation:

Opportunity Cost: The loss incurred by choosing between alternatives.

  • Hilary already earns $200, if she decides not to dig holes she would still have her job. While for Edison he is already so slow in digging holes, moreover if he decides to dig holes than doing his job he will lose $25.
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Which of the following is the most important factor in successful new-product introduction? Group of answer choices ​The new pro
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Answer:

The correct answer is letter "B": The new product should deliver a meaningful and perceivable benefit to a sizable number of people.

Explanation:

A new product is a good or service that is going to be introduced to the market to satisfy the need for a specific sector. <em>For the new product to be successful, the need that it satisfies should represent a benefit for the target audience great enough to make them pay for it</em>. Besides, the new good or service must bring a differential feature to consider it more attractive compared to competitors or similar products that might already exist.

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A discount bond is also called a ________ because the owner does not receive periodic payments.
a_sh-v [17]

A discount bond is also called a <u>zero coupon bond</u> because the owner does not receive periodic payments.

A discount bond is a bond that is issued for much less than its par—or face—fee. discount bonds can also be a bond currently trading for less than its face cost inside the secondary market. A bond is considered a deep-cut price bond if it's far bought at a substantially decrease price than the par fee, normally at 20% or more.

A zero-coupon bond is a bond that pays no interest and trades at a reduction to its face price. It is also known as a natural cut price bond or deep cut price bond. U.S. Treasury payments are an example of a 0-coupon bond.

Coupons are the promised hobby payments of a bond, paid periodically till the adulthood date of the bond. The coupon rate determines the quantity of every coupon fee of a bond. The coupon rate, expressed as an APR, is about by using the issuer and said on the bond certificate.

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3 0
1 year ago
Why does the credit card company set the minimum payment so low
Illusion [34]

Answer:

To increase profit from interests by increasing duration of balance repayment.

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The purpose of every business is to make profits and the reason why every credit card company includes a minimum payment is not just to make it easier to pay but by only making minimum payments, credit card holders could be kept as customers and paying interests on debt for longer.

Secondly, the more the periods the more likely you'll default on some of them and pay penalty fees which means additional income for the companies

5 0
3 years ago
Too much of a good or service is produced when there is a
Alexxandr [17]

Answer:

D

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A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

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