The option that should be included in the opportunity cost is <u>c. the </u><u>savings </u><u>that would come from </u><u>buying </u><u>the </u><u>wingtips</u><u>.</u>
<h3>What is Opportunity Cost?</h3>
- Arises from the fact that scarcity forces us to pick an alternative over another.
- Is quantified as the benefit of an alternative that is foregone when we pick another alternative.
The benefit that would be foregone in picking the slip-ons would be the $50 saving that Sean would have made had he picked the wingtips.
In conclusion, option C is correct.
Find out more about opportunity cost at brainly.com/question/623811.
Answer:
The estimated percentage change in the price of oil=10%
Explanation:
Elasticity of supply is a measure of how the supply of a particular commodity or product changes with price change.
Elasticity of supply can be expressed as;
Elasticity of supply=Percentage change in quantity supplied/percentage change in price
where;
Elasticity of supply=0.3
Percentage change in quantity supplied=3%
Percentage change in price=unknown=x
replacing;
Elasticity of supply=Percentage change in quantity supplied/percentage change in price
0.3=3%/x
x=3%/0.3
x=10%
The estimated percentage change in the price of oil=10%
Answer:
How much should the check be?
658
Explanation:
Seven new computers 850
Discount quantity 15%
Additional discount 6%
Temrs of payment 2/10 n/30
Discount quantity 128
Additional discount 51
Payment 672
Temrs of payment 2%
Discount 13,43
Net payment 658
Answer:
4
Explanation:
Demand is the quantity of goods and services bought at a given price.
The higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. This is known as the law of demand
Market demand is the sum of demand of individuals at a given price
market demand at $7 = 3 + 1 = 4
He has 2 million gold holding
He has 5 million of paper money
the fraction = gold holding/paper money
= 2 million / 5 million
= 2/5
so the answer is C. 2/5