1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fomenos
4 years ago
14

Consider the winter activity of skiing. Assume that the rental cost of ski equipment is $84 and the lift ticket costs $95. If yo

u go skiing, you would wear the ski jacket you purchased last year for $148. If you do not go skiing, you could either work at your part-time job, which would earn you $180, or study at the library, which you value at $34.Suppose that you were planning to spend Saturday working at your part-time job, but a friend asks you to go skiing. What is the opportunity cost of going skiing?Enter a whole number and no dollar sign.
Business
1 answer:
yarga [219]4 years ago
5 0

Answer: $359

Explanation:

Opportunity cost refers to the next best benefit that would have been accrued to you if you did not make the decision or embark on a project that you did. In this case therefore that would be the amount you would have earned working which is $180.

It can be measured as an Economic cost which is both the implicit cost and the explicit cost (opportunity cost).

= 84 + 95 + 180

= $359

You might be interested in
A self-employed psychologist treats clients in an office in his own house. What must the psychologist do with his house in
mr_godi [17]

Answer:

A self-employed psychologist treats clients in an office in his own house. What must the psychologist do with his house in  order to best serve clients?keep the house clean and private

Explanation:

Psychology is a branch of medicine that deals with mental health services and counselling to help assess and improve a patient's mental health state. In the recent past, mental health has become a major concern since it is very important in our social and personal life. Mental health affects how we feel, think and react to various situations in the environment. More people are taking mental health very serious as more people seek the treatments and services of psychologists. A psychologist is one who studies the mental health of people and offers treatment and counsel on how the patient can improve mentally.

Psychologists often require there patients to express their deepest mental and emotional states. This is leaves the patient vulnerable in most cases. To protect patients in such cases against vulnerability, the psychologists are often required to abide by a code of ethics such that the patient information is kept safe and secure. For a self-employed psychologist who treats his patients in an office in his own house, code of practice states that the house has to be clean and private.

4 0
3 years ago
Eley Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's nor
Over [174]

Answer:

Contribution margin per unit = $45.90

Contribution margin as sales percentage = 43.97%

Explanation:

As for the information provided we have,

Normal Sales = Normal sales per month, before the overseas order.

For such normal sales, the cost and sales data has been provided,

Selling price per unit = $104.40

Variable costs = Direct material + Direct Labor + Variable Manufacturing + Variable selling & Administrative

= $43.80 + $10.40 + $1.90 + $2.40 = $58.50

Contribution margin per unit = Selling price - Variable cost per unit = $104.40 - $58.50 = $45.90

Contribution margin as sales percentage = \frac{45.90}{104.40} \times 100 = 43.97%

5 0
3 years ago
Exchange rates have an impact on which of the following
Reika [66]
The price of imported goods
5 0
3 years ago
Read 2 more answers
Data shows that the audience for a client's running shoe store is women ages 35 to 50. how can you optimize this client's displa
tatuchka [14]
<span>Women in this age range are most likely mothers to one or more children, so the display network should focus on the messaging moms want to hear, like how these shoes can help them complete their exercise in less time so they can focus on providing for children, working, or maintain their bodies after child birth.</span>
7 0
3 years ago
Summary of accounting chapter 1
slamgirl [31]

Answer:

Chapter 1 introduces the study of accounting. Accounting is defined as a set of concepts and techniques that are used to measure and report financial information about an economic entity. Accounting consists of both external reporting issues known as “financial accounting,” and internal reporting issues related to “managerial accounting.”

Explanation:

5 0
3 years ago
Other questions:
  • What course requirements must be completed to earn a bachelors degree at most four-year colleges?
    13·1 answer
  • I am considering buying a new sports car like a ford mustang. another sports car that would not likely compete head-to-head like
    12·2 answers
  • In portfolio management the ____ task should occur first
    10·1 answer
  • When making additional business decisions management should consider?
    6·1 answer
  • A marketing manager instructs his team to make 80 telephone calls to attempt to sell an insurance policy. The random variable in
    14·1 answer
  • What is the discount factor that is equivalent to a 6​% discount​ rate?
    11·1 answer
  • Susie Smith signed a note agreeing to pay "Annie Greene, Mary Hodge" $1,000. The payment was for painting her house. An issue wi
    12·1 answer
  • Maximal flow problems are converted to transshipment problems by
    15·1 answer
  • University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developi
    15·1 answer
  • Marlo is a compulsive shopper. He shops for apparel online. He wants to get rid of the habit. He seeks help from his friend Thom
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!