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RUDIKE [14]
3 years ago
9

Lucia and Kenji need to decide which one of them will take time off from work to complete the rather urgent task of shearing the

ir llamas. Lucia is pretty good with a pair of shears; she can shear the llamas in 1 hour. Kenji is somewhat slow; it takes him 4 hours to shear the llamas. Lucia earns $120 per hour as a psychiatrist, while Kenji earns $20 per hour as a cobbler.
Keeping in mind that either Lucia or Kenji must take time off from work to shear the llamas, who has the lowest opportunity cost of completing the task?
a. Lucia and Kenji face identical opportunity costs
b. Kenji
c. Lucia
Business
1 answer:
skelet666 [1.2K]3 years ago
8 0

Answer:

B. Kenji has the lowest opportunity cost.

Explanation:

The opportunity cost is those resources that a person gives up when making a choice or making a decision.  If Lucia stopped working for an hour, stop receiving $ 120 . Otherwise, If Kenji stops working four hours, to shear the llamas, he stops receiving $ 80. Then, his opportunity cost is the lowest.

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Assuming that the physical output (i.e., the actual quantity of all final goods and services) of all final goods and services re
joja [24]

Answer:

a) true

Explanation:

A rise in the general price level is called inflation and it affects the nominal value of the company's output. E.g. you sell pants and last year they sold at $10 and now since inflation rate is 10%, they sell at $11. But inflation only affects nominal values, it doesn't affect real values which are calculated using a base price of a certain year X, times the quantity sold. Following the example, your real output would not be $11 per pair of pants, instead it would still remain at $10 since the inflation is discounted.

5 0
3 years ago
All financial statements:_________
Anastasy [175]

Answer:

a) help to evaluate what happened in the past.

Explanation:

The financial statement interprets the financial performance, profitability, position of the company. It involves the income statement, balance sheet, cash flow statement, etc through which the business could be analyzed in a better way

Also it helps to analyze and evaluate what is happened in the past

Therefore the option a is correct

5 0
3 years ago
g When a sexual harassment complaint is filed speculation sometime occurs about who is the complainant. One result can be retali
frez [133]

Answer and explanation:

Sexual harassment is the act by which employees of an organization tend to use their hierarchical position in the firm to influence other employees in engaging personal relationships with them, without the need for the harassed employee to be interested in such a relationship.

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3 0
3 years ago
In a free competitive market what is the rationing mechanism
enot [183]
A competitive market has many producers competing with one another to satisfy the wants and needs of many consumers. In a free competitive market, the prices of goods and services are set by the consumers and supply and demand aren't regulated by the government. Knowing this, in a free competitive market the rationing mechanism is based on price.
6 0
3 years ago
Sixty-second Avenue Inc. expects to earn $5,700,000 this year. The company currently has 790,000 shares outstanding, and the sha
11111nata11111 [884]

Answer:

The company's expected market price per share After the repurchase would $23.68

Explanation:

In order to calculate the company's expected market price per share After the repurchase we would have to calculate first the Price-to-earnings ratio ( P/E ratio ) as follows:

Price-to-earnings ratio ( P/E ratio )= Market price per share / Earnings per share

Earnings per share = Earnings/ number of shares outstanding =$ 5,700,000 / $790,000 = $ 7.21

Therefore, Price -to-earnings ratio = $ 21 / $ 7.21 = 2.91

If 90,000 shares are repurchased, Therefore Earnings per share =$ 5,700,000 / $700,000 = $ 8.14

Therefore, the company's expected market price per share After the repurchase=$ 8.14 x 2.91 = $23.68

7 0
3 years ago
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