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sergij07 [2.7K]
3 years ago
6

Brooke and Sandy both attend the same college and have the same expenses for tuition, books, and supplies. However, Brooke is a

famous actress who could earn $2 million per year if she were not attending college while Sandy could earn $10,000 a year serving hamburgers if he were not attending college. It follows that the opportunity cost of attending college:
A. is the same for both Brooke and Sandy.
B. is greater for Brooke than for Sandy.
C. is greater for Sandy than for Brooke.
D. for Brooke and Sandy cannot be compared.
Business
1 answer:
baherus [9]3 years ago
3 0

Answer: Option (B) is correct.

Explanation:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

The opportunity cost of attending college for Brooke is the amount that she could earn as an actress i.e. $2 million per year.

The opportunity cost of attending college for Sandy is the amount that he could earn by serving hamburgers i.e. $10,000 a year.

Therefore, opportunity cost of attending college is greater for Brooke than for Sandy.

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Answer: Joint operating agreement

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 The joint operating agreement is one of the concept that helps in protecting the business or the industry from the failure that helps in governing the partnership between any two organization.

In this type of agreement any two organization are basically contributing their power and the resources for producing the effective result.

According to the given question, the newspaper industry is one of the example of joint operating agreement in which two companies are permitted for combining their business. Therefore, Joint operating agreement is the correct answer.

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3 years ago
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4 years ago
A tenant occupying 20,000 square feet in your building has two years remaining on their lease. You have a good relationship with
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Explanation:

From the information given in the question, the gross rental income that one will expect to receive for this space in the year after the lease expires goes thus:

= [(75% x 15) + (25% x 18)] x 20,000

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= (11.25 + 4.5) × 20000

= 15.75 × 20000

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Therefore, the gross rental income is $315000

4 0
3 years ago
Quality improvement teams are groups of people from various work areas who define, analyze, and solve common production problems
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Explanation:

The quality improvement teams are groups of employees that are from various departments who come together and meet regularly in order to define, analyze, and then solve common production problems.

The aim of the quality improvement team is to improve the production process. This is achievable by them working on their methods.

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The first advised will be to carry our a survey that will show peoples opinion.

<h3>What is the importance of consulting?</h3>

Consultancy involves asking important question and guidelines form an expert.

It is done in achieving success in a particular project or Job.

The first step will be to run a survey on the adoption of the new technology.

Therefore, The first advised will be to carry our a survey that will show peoples opinion.

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