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lozanna [386]
3 years ago
5

Ben has two options this weekend. He could work at his job and earn $10 per hour for three hours, or he could go to a concert fo

r that three hours. A ticket for the event costs $30. What is the opportunity cost of the event? $
Business
1 answer:
masya89 [10]3 years ago
5 0

Answer:

The correct answer is: $60.

Explanation:

Opportunity Cost is what a person sacrifices when they choose one option over another. It is also defined as the revenue of the chosen option over the revenue of the option that was forgone. It represents what was left on the table for deciding taking one option over another.

In Ben's case, the opportunity cost of going to the event represents what he could have earned working for three hours (<em>$10 x 3 = $30</em>). However, as he will have to pay for the event, he will lose $30 for the event ticket. Then, the total opportunity cost of going to the event is:

$30 + $30 = $60

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Answer:

Option C is correct.

<u> When the game will be repeated infinitely.</u>

Explanation:

The collaborations will undoubtedly work in a repeated​ prisoners' dilemma  game when the game will be rehashed infinitely.  

A rehashed detainees problem games alludes to a game technique wherein the game is either rehashed finitely or infinitely..  

The collaborations choose to work with boundlessly rehashed games by participating and embracing a socially ideal methodology.  

The principle point of cooperations is to expand their settlements in future and this is conceivable just through the selection of the interminably rehashed game system in which they need to co-work endlessly with different firms.  

As per this gaming procedure, if any of the Cooperation or firm digresses from the agreeable system, they will get decreased settlements in future.

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The fact that financial services are more plentiful and easier to access means that
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How does the use of plastic to produce bicycle helmets affect other plastic-using industries? A. It decreases the prices offered
zheka24 [161]

Answer:

The correct answer is option D.

Explanation:

The use of plastic to produce bicycle helmets will reduce the amount of resources available to other industries that use plastic. If an industry is making helmets from plastic, they are using plastic as inputs in the production process. This will cause a reduction in the quantity of plastic available.

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Handy Home sells windows and doors in the ratio of 7:3 (windows:doors). The selling price of each window is $113 and of each doo
andrey2020 [161]

Answer and Explanation:

The computation is shown below:

1. The selling price per unit is

Particulars   Quantity    Selling price   Total per composite unit

                                      per unit

Windows       7               $113                  $791

Doors            3               $253                $759

Total                                                        $1,550

2. The variable cost per unit is

Particulars   Quantity  Variable cost   Total per composite unit

                                      per unit

Windows       7               $69                  $483

Doors            3               $181.50             $544.50

Total                                                         $1,027.50

The contribution margin per unit is

= Selling price - variable cost

= $1,550 - $1,027.50

= $522.50

3. The break even point is

= Fixed cost ÷ contribution margin per unit

= $469,625 ÷ $522.50

= 898.80 units

4. The number of unit is

Particulars   Quantity  Variable cost   Total per composite unit

                                      per unit

Windows       7               $898.80            $6,291.60

Doors            3               $898.80            $2,694.40

Total                                                         $8,988

5 0
3 years ago
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