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Stella [2.4K]
3 years ago
6

A test is scheduled for Monday morning, but you went to a party on Saturday night. If you hadn't attended the party, you could h

ave studied for the test or gone to a movie. Which of the following sentences is true?
a. The opportunity cost of going to the movie is studying for the test.
b. The opportunity cost of going to the party is the movie.
c. The opportunity cost of going to the party is both the movie and the study time.
d. Because you could go to the party only that night but could go to a movie any time, the opportunity cost of the party is the study time.
e. From the above information it's not possible to determine the opportunity cost of attending the party.
Business
1 answer:
Neporo4naja [7]3 years ago
6 0

Answer:

C) The opportunity cost of going to the party is both the movie and the study time.

Explanation:

Opportunity costs are the costs (or lost benefits) from choosing one alternative activity or investment over another.

In this case, if you decide to go to the party on Saturday night, you will not be able to go to the movies and you will not be able to study for your exam.

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Answer:

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Identification of whether the task required supervised or unsupervised learning:

a. supervised learning

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d. supervised learning

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h. supervised learning

Explanation:

There are supervised and unsupervised machine learning models.  In a supervised learning model, the algorithm evaluates a labeled dataset by comparing it with another dataset called the training data.  The purpose is to evaluate its accuracy on the training data. On the other hand, an unsupervised model uses the unlabeled dataset and tries to make sense of it by extracting non-existing features and patterns without the training dataset.

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The relationship between quantity supplied and the price of output is such that Group of answer choices quantity will decrease a
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Answer:

An increase in quantity will automatically lead to a reduction in price.

An increase in price will lead to an increase in quantity supplied.

Explanation:

Option “2” and “4” are correct because the increase in quantity supplied shifts the supply curve rightwards and resulting in the price falls. While the positive relationship between price and the quantity supplied leads to an increase in supply when price increases. When price increases then the producer finds more profitable to supply more quantity. Thus, in order to curb more profit, the producer supplies more quantity when price increases.

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Waupaca Company establishes a $400 petty cash fund on September 9. On September 30, the fund shows $122 in cash along with recei
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Answer and Explanation:

The Journal entry is shown below:-

September 9

Petty cash fund Dr, $400

     To Cash $400

(Being establishment of petty cash fund is recorded)

Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.

September 30

Merchandise Inventory Dr, $51

Postage expense Dr, $73

Cash Short and over Dr, $13

Miscellaneous Dr, $141

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(Being reimburse of petty cash find is recorded)

Here we debited the merchandise Inventory, postage expense, cash short and over and miscellaneous as it is expenses while we credited the petty cash as is reimbursed.

October 1

Petty cash fund Dr, $60

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     To Cash $60

(Being increase in petty cash fund is recorded)

Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.

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