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sineoko [7]
4 years ago
12

"Consider the case of Will who paid $15 to see a movie, but after watching the film for 20 minutes he knows that it’s truly terr

ible. Should he stay and watch the rest of the movie because he paid $15, or should he leave?" In your answer, explain what the term used by economists to describe this specific problem if he decides to leave. Is there an opportunity cost to going to the movies?
Business
1 answer:
Gelneren [198K]4 years ago
6 0

Answer:

There is an opportunity cost to going to the movie and he should leave the movie.

Explanation:

Yes, there is an opportunity cost involved when the person goes for the movie. The opportunity cost will the work that he can do instead of going to the movie. For instance, if the person has the option to study or to watch a movie and he chooses the movie then the opportunity cost is the study. Moreover, he should leave the movie because it is terrible and if he does other work by leaving the movie then he will be benefited because the opportunity cost of doing other work will be lower.

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You have had $5,500 in a Roth IRA account for 3 years earning 1.2% annual interest. During those 3 years, the rate of inflation
erma4kov [3.2K]

Answer:

Loss in purchasing power =$(96.67)

Explanation:

To determine the change in purchasing power, we will compare the value of the IRA after 3 years to its purchasing power in term the prices there years ago.

The value of 5,500 in 3 years time = 5,500 × 1.012^3 = 5700.385

The purchasing power of 57,000.38 in term's of the price 3 years ago

=5700.385504 × 1/(1.018^3)

= $5403.32

Change in purchasing power =  $5403.32 -  $5,500= $(96.67)

Loss in purchasing power =$(96.67)

8 0
4 years ago
In the textbook by Kathleen Allen, she describes a sample protection net for an integrated circuit by describing 15 different it
Angelina_Jolie [31]

Answer:

The answer to this question can be defined as follows:

Explanation:

  • In option 1, Design safety for IP- It is the enrollment of design gives its designer to its exclusive privilege to use and enable others to be using the layout, which includes the right to produce, offer, market, import, use, or store for such reasons, an item where the design is implemented. Its design wind safety results vary between 5 and 25 years from region to region.
  • In option 2, Trade protection- A trade secret is a kind of industrial assets in the form of a non-publicly recognized and reasonably analyzable system, process, method, layout, tool, pattern, collection. It ensures a competitive edge because of its holders. Its proprietor should keep it private if a company's mystery is to be efficient.  
  • In option 3,  Its technology License for making a production comes which other rivals can not use to produce a semi-driver of this kind.
8 0
3 years ago
Economics helps managers because Group of answer choices it helps them focus on the most important issues. it lets them ignore d
murzikaleks [220]

Answer:

it helps them focus on the most important issues

Explanation:

Economics helps the managers with respect to direct, non-direct cost and their benefits

So as per the given situation it would help in focused on the most significant issues

Thus, the first option is correct

And the rest of the options are wrong

So  the same is to be considered and relevant

5 0
3 years ago
Costs which can be eliminated in whole or in part if a particular business segment is discontinued are called:
weqwewe [10]

Answer:

Avoidable costs

Explanation:

An avoidable cost is defined as one that an entity will not incur if a particular activity is not undertaken.

In business operations avoidable costs are usually variable costs. These are costs that vary or change in the cost of production. For example wages, cost of raw materials, and labour. These can be avoided depending on business needs.

Costs that are not avoidable are fixed cost. For example rent, insurance, and utilities.

These costs are paid wether production occurs or not.

8 0
3 years ago
Employees who are paid to complete a task, such as build a house, are paid on a(n) _____ basis
Ghella [55]

I'm pretty sure it hourly

3 0
3 years ago
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