Answer:
highest paying position
Explanation:
In the field of economic, "opportunity cost" may be defined as the loss of the potential gain from among the alternatives that were provided when one of the alternatives were chosen over the other alternatives. In other words, it is the loss of a benefit for a person who could have enjoyed if that person would have not taken the choice.
Opportunity cost helps to make decisions properly.
In the context, Ishmael has been offered four potential jobs from highest salary to lowest salary. Based on this information, the opportunity cost of Ishmael to accept the position which pays him $56,000 is the highest paying job.
Answer:
Instructions are listed below
Explanation:
Price elasticity of demand is an economic measure of the change in the quantity demanded or purchased of a product to its price change. If the quantity demanded of a product exhibits a large change in response to changes in its price, it is termed "elastic," that is, quantity stretched far from its prior point. If the quantity purchased has a small change in response to its price, it is termed "inelastic", or quantity didn't stretch much from its prior point.
Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price
A) PED= [(Q2-Q1)/Q1]/[(P2-P1)/P1]
PED= [(1.5-1)/1]/[(60000-100000)/100000]= 1.25
B) PED= [(1-1.5)/1.5]/[(100000-60000)/60000]= 0.5
C)Midpoint formula:
PED= {(Q2-Q1)/[(Q2+Q1)/2]}/{(P2-P1)/[P2+P1)/2]}
PED= {(60000-100000)/[(60000+100000)/2]}/{(1-1.5)/[1+1.5)/2]}
PED=0.5/0.4= 1.25
D) Midpoint formula:
PED= {(Q2-Q1)/[(Q2+Q1)/2]}/{(P2-P1)/[P2+P1)/2]}
PED= {(100000-60000)/[(100000+60000)/2]}/{(1.5-1)/[1.5+1)/2]}
PED= 0.5/0.4= 1.25
Answer:
b. Jan earned a higher real salary.
Explanation:
The consumer price index rose 12 percent which means that with the same amount of money 5 years later you will be able to buy 12% less goods and services. Now in order to find who earned a higher real salary we will calculate how much higher was Jan's salary compared to SUE. If the difference in salary was more than 12% than Jan earned a higher real salary, if less than 12% then Sue earned a higher real salary and if =12% then both earned the same amount of real salary.
Difference in salary = 38,000-30,000=8,000
Percentage increase in salary = 8,000/30,000=0.266 =26.6%
Jan earned 26.6% more than Sue and the increase in the price index was 12% which means that Jan earned a higher real salary than Sue.
Answer: The correct answer is "C. The total effective interest over the term to maturity is equal to the amount of the discount plus the total cash interest paid."
Explanation: When the bonds are issued at a discount, in the bond amortization schedule the total effective interest over the term to maturity is equal to the amount of the discount plus the total cash interest paid.