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
The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax
densk [106]

Answer:

d. $257

Explanation:

Calculation to determine what Franklin's taxable income ($ in millions) is:

Accounting income$280

Add Permanent difference: Fines $10

Less Temporary difference: Depreciation ($33)

($102-$69)

Taxable income $257

Therefore Franklin's taxable income ($ in millions) is:$257

5 0
3 years ago
In the mid 1980s, what emerging product market did a major foreign competitor capitalized on and Kodak miss due to a poor unders
Dima020 [189]

Answer:

Kodak missed the digital camera revolution that it started.

Explanation:

According to history, Kodak's Steve Sasson was the first to invent a digital camera prototype in 1975.

But, Kodak relied on its past successes to the extent that it could not see beyond its shoulders.  Kodak spotted digital technology opportunity in its business, but it lacked the foresight to sharpen its core competency so that it could redefine the market and its business from a film producing and selling company to one that gives consumers the opportunity to share images online.  It lacked the competency to understand the emerging needs of its customers and woefully failed to invest rightly in digital technology.

On the other hand, Fuji created new opportunities for itself that were related to its core business by branching into magnetic tape optics, videotape, copiers, and office automation.  As a result, it overtook Kodak in market share while Kodak submerged into bankruptcy, from which it later emerged stronger better than it was before the bankruptcy but smaller.

5 0
3 years ago
Zane is a logical/mathematical learner. He finds it helpful to use the following learning strategies _
grigory [225]
Work in teams is always better
6 0
3 years ago
Review the Inquirer to determine Chester’s current strategy. Where will they seek a competitive advantage? From the following li
Vlada [557]

Answer:

a) Increase demand through TQM initiatives

b) Offer attractive credit terms

c) Seek excellent product designs, high awareness, and high accessibility

e) Seek the lowest price in their target market while maintaining a competitive contribution margin

g) Reduce labor costs through training and recruitment

Explanation:

Chester by pursuing the top five targets listed above would Have a competitive advantage among it's competitors. First their total quality management strategy(TQM) would increase customer satisfaction and spiral their demand growth. Secondly attractive credit terms would increase demand by encouraging customers that require credit facilities for their purchases. Excellent product designs and more awareness would increase product quality while also bring more awareness to the business. Reducing price would also increase demand and since they'd be able to keep a competitive contribution margin they would be able to stay ahead in the market. Lastly reduction in labour costs will have a ripple effect on the whole business as costs will be reduced and cost of goods will be reduced to ensure lower prices and high demand

6 0
3 years ago
Although hargrove co. makes enough money to pay for everything it needs, it still chooses to have some debt and pay a larger por
lisov135 [29]
The best explanation for this decision is "financial leverage".

Financial leverage refers to the amount of debt that is used by an entity to purchase more resources. Leverage is utilized to abstain from utilizing excessively value to support operations. An intemperate measure of money related use expands the danger of disappointment, since it turns out to be more hard to repay debt.
6 0
4 years ago
Other questions:
  • On January 1, 2018, Gemini Corporation leased equipment under a finance lease designedto earn the lessor a 12% rate of return fo
    9·1 answer
  • Money that is set aside for the normal operating activities of the city, such as the police, is referred to as the ________.
    11·1 answer
  • Randi is concerned about unauthorized users connecting to company routers and she wants to prevent spoofing. What is the most es
    8·1 answer
  • Kitchen magazine plans to license the use of its name by a line of cookware. For a magazine, licensing the use of its name for p
    9·1 answer
  • MC Qu. 93 Schrank Company is trying to decide how... Schrank Company is trying to decide how many units of merchandise to order
    10·1 answer
  • Would a firm with low degree of operating leverage need to sell more units of products to reach break-even point or less? Why?
    5·1 answer
  • Jelco has a target debt-to-value ratio of .55. The pretax cost of debt is 8.6 percent, the assumed tax rate is 24 percent, and t
    7·1 answer
  • Discuss in details what is the sources of finance in UAE?​
    7·2 answers
  • At a nominal interest rate of i i convertible semiannually, an investment of 1,000 immediately and 1,500 at the end of the first
    6·1 answer
  • Which of these can prevent an accident in the workplace?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!