Consumers determine value of the product on the basis of the opportunity cost to buy the product.
Opportunity cost – in macroeconomic theory, the opportunity cost of one activity is the loss of value or benefit that would be incurred by engaging in that activity, in comparison to engaging in an alternative activity offering better return in value or benefit.
When the consumers calculate the value of product, they look at the benefits and then subtract the cost to see if the benefits exceed the costs.
Therefore the consumers determine value of product on the basis of opportunity cost to buy the product by doing cost benefit analysis.
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Answer:
Total PV= $15,103.49
Explanation:
Giving the following information:
Cf1= 4,500
Cf2= 5,700
Cf3= 8,000
Discount rate= 9%
<u>To calculate the present value, we need to use the following formula on each cash flow:</u>
PV= FV/(1+i)^n
Cf1= 4,500/(1.09)= $4,128.44
Cf2= 5,700/1.09^2= $4,797.58
Cf3= 8,000/1.09^3= $6,177.47
Total PV= $15,103.49
Microchip technology is one of the main factors that made low-cost personal computers and other devices increasingly accessible to the general people in the 1990s.
The history of the technology industry is one of rapid expansion and decline. Its initial era of rapid expansion covered the years 1990 to 2000, which are commonly referred to as the "dot-com boom" or the "tech bubble."
Over the time, employment in the technology sector sectors soared by 36% nationwide. Over a ten-year period, the average weekly pay for those working in the technology industry quadrupled and increased by 102%. At its height in 2000, slightly over 4% of all private employment was in the technology sector.
Early in 2001, as the tech bubble burst, employment in the industry fell off quickly. For the next four years, there were large net job losses.
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Answer:
Date Details Debit Credit
December 31, Employee benefits expense $41,150
Medical insurance payable $31,500
Employee Retirement program $9,650
payable
Working
= 31,500 + 9,650
= $41,150
Answer:
The correct answer is letter "D": knows nothing about the proposed project, so all the details must be thoroughly explained.
Explanation:
Business proposals are detailed documents that expose project ideas and are generally addressed to investors to attract their interest in the venture. The proposal writer must have the ability to comprise all the strengths of the business ideas in a summarized, clear, step-by-step file that could convince entrepreneurs to be part of the project.
