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
Crazy boy [7]
3 years ago
7

Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshak

es is $2. Put tacos on the horizontal axis and milkshakes on the vertical axis. If Faruq spends all of his income, the opportunity cost of one taco equals _____ milkshakes.
Business
1 answer:
jek_recluse [69]3 years ago
7 0

Answer:

The correct answer is 5.

Explanation:

Faruq's income is $100. The price of tacos is $10. The price of milkshakes is $2.

If Faruq spends all his income on tacos he will be able to purchase

=  \frac{100}{10}

=  10 tacos

If Faruq spends all his income on milkshakes he will be able to purchase

= \frac{100}{2}

= 50 milkshakes

So out of his total income he can either have 50 milkshakes or 10 tacos.

The opportunity cost of a taco will be

= \frac{whta\ is\ sacrificed}{what\ is\ gained}

= \frac{50}{10}

= 5

You might be interested in
An blank is a person who risks time and money to start and manage their own business
Harrizon [31]

Answer:

Entrepeneur

Explanation:

The entrepeneur is the person that is willing to take the financial risk linked to open up a business with the desire of obtain a profit.

5 0
3 years ago
Read 2 more answers
Tuna Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased by
STatiana [176]

Answer:

$985,000

Explanation:

Given that,

Pretax book income = $1,000,000

Increase in net reserve for warranties = $25,000

Book depreciation = $100,000

Dividend received deduction = $15,000

Book equivalent of taxable income:

= Pretax book income - Dividend received deduction

= $1,000,000 - $15,000

= $985,000

Therefore, the Book equivalent of taxable income is $985,000.

7 0
2 years ago
Illiquid currencies tend to exhibit ________ volatile exchange rate movements, as the equilibrium prices of their currencies adj
Sunny_sXe [5.5K]

Answer:

B) More; even minor

Explanation:

Illiquid (or exotic) currencies are foreign currencies that are not generally traded in exchange markets. They trade at very low volumes and are usually extremely volatile since both the demand and supply is very limited. Since there are very few suppliers and consumers of exotic currencies, any additional transaction can result in large changes in their value.

3 0
2 years ago
Which of the following are true if you pay only the minimum amount each month towards your credit card bill?
Klio2033 [76]
Your credit will decrease over time
8 0
3 years ago
An ethical standard upheld for screening potential counseling and psychotherapy group members states that members each must rece
Naily [24]

Answer:

c. benefits / liabilities

Explanation:

An ethical standard upheld for screening potential counseling and psychotherapy group members states that members each must receive as much information as possible about the <em>benefits / liabilities</em> to inform their decision whether or not to join the group.

6 0
3 years ago
Other questions:
  • A study was done to determine the average commute time per week to and from class for an spc student attending a lecture class.
    10·1 answer
  • Ruis Corporation, a publicly held corporation, has thirty-five members on its board of directors. In order to conduct business e
    15·1 answer
  • What will happen to the governmentâs tax revenues if Song chooses to spend more time pursuing her other passions besides work in
    6·1 answer
  • Suppose that, at a given level of disposable income, consumers decide to save more. Explain what effect this decision will have
    15·2 answers
  • ) A company finds that consumer demand quantity changes with respect to price at a rate given by D'(p) = - 2000 p 2 . Find the d
    15·1 answer
  • Jameson purchased an alarm system for his car during a promotion. He considered the price after the promotion to be very attract
    14·1 answer
  • Name one form of collusion
    15·2 answers
  • When people have more money and eagerly spend it, this increases
    12·1 answer
  • Tariq and Noelle work in the sales department at CTI Telecommunications. Tariq is the star salesman of the department and makes
    7·1 answer
  • Examples of mangers organizing
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!