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Annette [7]
3 years ago
12

An opportunity cost is the a. monetary price paid for a good or service. b. cost of finding the lowest price for a product. c. l

owest possible cost. d. highest possible cost. e. cost of a purchase or decision as measured by what is given up.
Business
1 answer:
Bess [88]3 years ago
6 0

Answer:

The opportunity cost is e. cost of a purchase or decision as measured by what is given up.

Explanation:

The opportunity cost can be defined as the cost of giving up the benefits associated with the next best alternative that is given up. It is also referred to as the loss of potential gain that is given up when one option is chosen over the other.

For example, If you have a choice of working at a company for salary of $10000 per year or starting your own business that is expected to earn $15000 per year, the opportunity cost of choosing to start your own business is the $10000 per year from the job that is given up.

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Borstorff and her associates examined a number of factors related to employee willingness and concluded that married couples wit
konstantin123 [22]

Answer:

The answer would be FALSE

Explanation:

There is no information necessary to answer the question but it is more likely that a couple with children will want to accept a job abroad because they have no responsibility such as child support, school, etc. for a child.

In the case of a couple with small children, they are less likely to agree to go elsewhere because of the expenses that this would imply.

3 0
3 years ago
Holmes Company produces a product that can either be sold as is or processed further. Holmes has already spent $50,000 to produc
Xelga [282]

Answer:

It is more profitable to continue processing.

Explanation:

Giving the following information:

The number of units= 1,250

It can be sold now for $67,500 to another manufacturer.

Alternatively, Holmes can process the units further at an incremental cost of $250 per unit. If Holmes processes further, the units can be sold for $375 each.

<u>The $50,000 is a sunk cost, meaning that it has already happened. It shouldn't be taken into account.</u>

Sell as it is:

Income= $67,500

Continue production:

Income= 1,250*(375 - 250)= $156,250

It is more profitable to continue processing.

6 0
4 years ago
Which of the following proposes that job satisfaction has a positive effect on customer service, which flows on to shareholder f
mezya [45]

Answer:

Service profit Chain model

Explanation:

A service profit chain model is a theory that explains how the job satisfaction of employees influences the profitability(or profit making) of a company through indirect means such as service quality, customer loyalty, among other things.  

Cheers

7 0
3 years ago
4. Tim moves to a different state and buys a house in his new city. His new house is bigger than the apartment he lived in befor
Rufina [12.5K]

Answer:

Property tax is progressive

Sales Tax is regressive

A progressive tax is one that takes a higher proportion of revenue from high-income people than it does from low-income people. A regressive tax is one that takes a higher percentage of low-income people's income than it does from high-income people.

Explanation:

3 0
3 years ago
Maxine wishes to purchase a pair of running shoes made by her favorite brand. Her budget is limited, and she notices shoes made
ANTONII [103]

Answer:

The correct answer is The price of the alternative was too high.

Explanation:

The market price is the price at which a good or service can be purchased in a free market. It is an economic concept of application both in historical aspects of the discipline and in its concrete use and in daily life.

The concept has given rise to both technical and theoretical discussions in the development of economic sciences. These discussions range from the definition of what a market is to what is understood by price, difficulties that acquire a particular importance in the microeconomics, an area in which one of the most important functions of an economist is the determination of prices that maximize profit of a company. However, the problem also extends to the macroeconomic sphere, in which price calculations play a central role in determining the hypothetical economic balance.

8 0
4 years ago
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