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artcher [175]
3 years ago
7

Every society faces​ trade-offs because we live in a world of scarcity. Suppose a​ student-athlete has the opportunity to earn ​

$1 comma 000 comma 0001,000,000 next year playing for a minor league baseball​ team, ​$500 comma 000500,000 next year playing for a european professional football​ team, or​ $0 returning to college for another year.
Business
2 answers:
Leokris [45]3 years ago
8 0

Answer: Opportunity cost of returning to college next year is $1,000,000.

Explanation: Opportunity cost is the cost of the next best alternative sacrificed or foregone. When the athlete chooses to join college he is sacrificing his income that could be earned from playing the game. The player has the option of playing for the minor league baseball team for $1,000,000 or for European professional football team for ​$500,000. The person thus has a choice between playing for the minor league baseball team (since it is the highest paying) or going to college. Thus the opportunity cost of going to college will be $1,000,000.

GrogVix [38]3 years ago
6 0

Answer:

The earnings will generally be at $ 1 000 000.

Explanation:

A student, while playing for the league, will be earning the amount of $ 1 000 000. In addition, the European conditions will subject him to $ 500 000. In the third year, the student will not have earnings anymore. To make the most profit, the student needs to play professional baseball for the tune of $ 100 000.

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7.Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts.
lorasvet [3.4K]

Answer and Explanation:

Efficiency and equality:  

We have given the information that there are two areas one has many small school and another has few large schools. The area which has many small schools faces a large competition as there are large numbers of school in that area. In order to maintain equality and efficiency the voucher system should announced in the area which has few large schools. Introducing the voucher system in this few large school region help to maintain equality as there is less competition. Whereas the introduction of the voucher system in an area which has many large schools increases the inequality as there is high competition and this inequality also stimulated by the migration factor. So, these are the effects of voucher system in different areas.

6 0
3 years ago
Categories of manufacturing costs include ______. Multiple select question. direct labor manufacturing overhead direct materials
Luda [366]

Firms do create goods. Categories of manufacturing costs include direct labor, direct materials and manufacturing overhead.

<h3>What are manufacturing costs?</h3>

Manufacturing costs is grouped into materials, labor, and overhead. They are kinds of  direct costs.

Manufacturing cost is known to be the amount of costs of all resources taken into the process of creating a product. The manufacturing cost is grouped into three categories called: direct materials cost, direct labor cost and manufacturing overhead.

Learn more about manufacturing costs  from

brainly.com/question/13767214

4 0
2 years ago
Which contractual standard for product safety and liability says that buyers chose to make purchases and therefore every purchas
taurus [48]
<span>The contractual standard for product safety and liability that says the buyer chose to make the purchases and knows the each purchase involves informed consent is often referred to as the standard of caveat emptor. This is simply a warning that lets the buyer know and understand the product is sold as is and is subject to all defects. Basically, another way of saying buyer be ware.</span>
3 0
3 years ago
Whole Foods Market ordered 12 cases of organic vegetable soup with a list price of $18.90 per case and 8 cases of organic baked
Ira Lisetskai [31]

Answer: The answer is given below

Explanation:

a. What is the extended list price of the order?

This will be gotten by multiplying the number of cases with the price list. From the question, we are told that Whole Foods Market ordered 12 cases of organic vegetable soup with a list price of $18.90 per case and 8 cases of organic baked beans with a list price of $33.50 per case.

Organic vegetable soup:

= 12 × $18.90

= $226.80

Organic baked beans= 8 × $33.50

= $268

Total = $226.80 + $268

= $494.80

b. What is the total amount of the trade discount on this order?

We are told that the wholesaler offered Whole Foods a 39% trade discount. This will be:

= 39% × $494.80

= 39/100 × $494.80

= 0.39 × $494.80

= $192.972

c. What is the total net amount Whole Foods owes the wholesaler for the order?

The total net amount will be the total price of the order and the discount. This will be:

= $494.80 - $192.972

= $301.828

5 0
3 years ago
Money provided by a third party to help students meet the costs of attending college. It can be provided by various agencies inc
artcher [175]

Answer:

Financial aid.

Explanation:

For American citizens, the dream is of going into higher education. but the tuition cost is very expensive as not everyone can offered such expensive fees for enrolling into a course. The different course has different fees. For supporting the people in their financials, many organizations like public, state, financial institutions help them.

So here in the given scenario, the financial aid is the best option fitted.

7 0
3 years ago
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