The dilemma is to decide whether to ignore mother's orders or comply with them in this situation.
<h3>What is Opportunity Cost?</h3>
Opportunity Cost refers to the losses incurred on leaving the other possible alternatives in the decision making and choosing the one. It is the value of the best alternative choose in the process of the decision making.
In the Above situation,the individual would enjoy with friends if he goes to watch the movie However it can lead to trouble with his mother.
However, if individual does cleaning of the lawn; the price would be the fun you would have to forgo.
The best course of action would be to obey your mother because the consequences of doing otherwise are much worse.
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Answer: According to USPS FAQ, The general time standard is typically 2-9 days in the 48 contiguous states. Package Services is not a guaranteed service; delivery by a certain date or time is not available.
Answer:
Debit Warranty Expense $240; credit Estimated Warranty Liability $240.
Explanation:
The Journal entry is shown below:-
Warranty expenses Dr, $240
To Estimated warranty liability $240
(Being warranty expense is recorded)
When the company sells warranty items, the warranty expenses & warranty liability will only be considered in the selling year.
Working note:-
Warranty expenses & Estimated warranty liability to be recognize = Sales × Estimated percentage of warranty work
= $12,000 × 2%
= $240
Even when competitive firms are unable to calculate marginal revenue product directly, the pressures of competition in the labor market will push wage rates toward the marginal revenue product of labor.
By comparing the marginal revenue<span> and </span>marginal<span> cost from each unit produced, a </span>firm<span> in a </span>competitive<span> market can </span>determine<span> the </span>profit<span>-maximizing level of production.</span>
Answer:
He can buy both 3 ( number of ) Products A and B .
Explanation:
Suppose the no of product A bought is x and the number of product B purchased is y .
Then Total Cost would be 4x+ 5y= 27 ----eq 1
As he wants to buy both products he can divide the money equally
1:1.
As the individual cost would be $4 + $5 = $ 9
Putting symbols for cost x+ y= 9----- eq 2
Dividing the total cost by the individual cost would give ( eq1 by eq2)
4x+ 5y/ x+ y= 27/9
4x+ 5y/ x+y= 3
4x + 5y= 3(x+y)
but as 4x + 5y = 27 ( already given)
27= 3 ( x+y)
Meaning 3 number of both products can be purchased.
Check .
4(3) + 5(3)= 27
$ 12+ $ 15= $27