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
ozzi
3 years ago
7

If a new home can be constructed for 120,000 what is the opportunity cost of federal defense spending assume a defense budget of

700 billion
Business
1 answer:
Alex_Xolod [135]3 years ago
4 0

Answer:

58,333.33

Explanation:

Opportunity cost is the value of the next best alternative. It is the forgone benefits as a result of choosing one option over the others.  Opportunity cost occurs due to the scarcity of resources that forces people to make choices. The value of the sacrificed option is the opportunity cost.

If the cost of constructing a new home is 120,000, the opportunity cost of one house equals the next best alternative of spending the 120,000. With a budget of 7 billion, the opportunity cost of spending 7 billion will be  7 billion divided by 120,000.

=7,000,000,000/120,000

=58,333.33

You might be interested in
Some years back, a number of manufacturers of low-end, inexpensive cell phones started introducing their products into the Easte
Georgia [21]

Answer:

entrepreneurial opportunity

Explanation:

Entrepreneurial opportunities refer to business opportunities where new or different goods or services can be introduced into a market. In this case, the cell phone market in eastern African countries is basically saturated with low-end phones, but David sees the opportunity of selling more expensive and better cell phones. Since he wants to offer different goods into an established market, he is identifying an entrepreneurial opportunity.

8 0
3 years ago
Which platform is an engagement website that helps job seekers to locate new job opportunities
LiRa [457]
You can really trust any website that ends in .org or .gov
4 0
4 years ago
Which of the following is a normative statement?
Snowcat [4.5K]

Answer:

1. Government has grown too large and should be reduced.  

Explanation:

The normative statement is an economic statement that means expressing judgments or value.

7 0
3 years ago
Macintosh Inc. changed from LIFO to the FIFO inventory costing method on January 1, 2021. Inventory values at the end of each ye
melamori03 [73]

Answer:

the entry to report this accounting change is in the attachment.

Explanation:

By moving from LIFO to FIFO, there's is going to be an increase in the value of inventory from of 30,000. That is $380,000 - $350,000.

The answer to this question is to make a journal entry. I have done this in the attachment.

6 0
3 years ago
What service offered by integration services enables the copying of files to a running vm "out of band", using the vmbus??
erma4kov [3.2K]
Guest Integration Services, a  service offered by integration services which enables the copying of files to a running vm "out of band", using the vmbus
--->Guest services.Guest services allow to copy files from the virtualization host to the VM using the Copy-VMFile Windows Power Shell cmdlet.
7 0
3 years ago
Other questions:
  • When peter metcalf describes black diamond's manufacturing facility in china as a "greenfield project, he means that . of all ma
    13·1 answer
  • An example of an industry especially vulnerable to efforts to protect the environment is the _____ industry.
    12·1 answer
  • Kingbird Corporation owns a warehouse. On November 1, it rented storage space to a lessee (tenant) for 3 months for a total cash
    11·1 answer
  • The ________ consists of systems analysts, specialists from the relevant end-user business areas, application programmers, and p
    6·1 answer
  • 10. ___________ segmentation differentiates among heavy users, medium users, light users, and nonusers of a specific product, se
    6·1 answer
  • Although the cost-plus method approach to product pricing may be used by management as a general guidance, when are some example
    13·1 answer
  • Capital gains may be preferred by investors over dividends even if dividends and capital gains are taxed at the same rate becaus
    7·1 answer
  • In addition to cost, what factors should be considered in selecting a building contractor? What can go wrong if the lowest bid i
    7·1 answer
  • Ultimo Co. operates three production departments as profit centers. The following information is available for its most recent y
    11·1 answer
  • It might be a good idea to expand or upgrade a firm's human capital base during a ______, because unemployment is high and there
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!