Two opportunities are presented to Alison: one offers a salary of $45,000 year and three weeks of vacation, while the other offers a salary of $54,000 and two weeks of vacation. If Alison accepts the $54,000 job offer, she will forfeit one week of vacation time.
The worth of what you forgo while deciding between two or more possibilities is known as opportunity cost. You make a choice because you believe it will benefit you more in the long run, despite any potential downsides. Due to opportunity cost, your investing decisions will almost always result in either immediate losses or future benefits.
The complete question is :
Alison is offered two jobs: one pays a salary of $45,000 per year and offers three weeks of vacation, while the other offer provides two weeks of vacation and a salary of $54,000. What is the opportunity cost for Alison if she chooses the job offer of $54,000
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Answer: tend to self correct and the decline would be cushioned.
Explanation:
The permanent income hypothesis is simply refered to as a theory that relates to consumer spending which states that individuals will spend money based on the disposable income that they expect in their lifetime.
According to Classical economists, the permanent income hypothesis was an argument supporting their view that, during a recession, the economy would tend to self correct and the decline would be cushioned.
It is different because people actually have the option of correcting the information or putting false things too.
Answer:
a. True
Explanation:
The computation of the average accounts receivable balance is shown below:
= Daily credit sales × day terms
= $2,000 × 60 days terms
= $120,000
We simply multiplied the average amount with the day term so that the average account receivable balance could come
Hence, the given statement is true
Therefore the correct option is a.
