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mestny [16]
3 years ago
6

Melody decides to spend 3 hours working overtime rather than going to the park with her friends. She earns $20 per hour for over

time work Her opportunity cost of working is
Business
1 answer:
Sedaia [141]3 years ago
5 0

Answer:

C) the enjoyment she would have received had she gone to the park.

Explanation:

Opportunity costs are the costs (or benefits lost) from choosing one activity (or investment) over another activity (or investment).

Since our resources are scarce, and time is one of the most scarce resources, we cannot do two completely different things at the same time. Melody has to choose between going to the park or going to work. If she decides to go to the park, her opportunity cost will be the money she could have earned working. But since she decided to go to work, her opportunity cost is the enjoyment she could have received by spending time on the park.

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Answer: Jackson would decrease CASH and increase EXPENSES in the accounting equation.

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Research suggests that up to ___________ of manufacturing firms are using some form of lean in their business.
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3 years ago
By how much does the current GDP rise in the following scenario? A real estate agent sells a house for $250,000 that the previou
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Answer:

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Therefore in this scenario the money paid for the house ($250,000) is not considered to be part of GDP since the original value of $90,000 would have been recorded as GDP 10 years ago.

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8 0
2 years ago
Suppose two athletes each sign 10-year contracts for $80 million. In one case, we’re told that the $80 million will be paid in 1
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Answer:

The athlete with equal installments got the better deal.

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