Answer: The amount you value the first movie + $3
Explanation:
Opportunity cost is the cost of the next best alternative foregone. It can be expressed as the value of the good you loose. If the person decides to see the new release with his friend, he is foregoing the value of the previous movie that he wanted to watch as well as loosing the value of the coupon ($3) which is valid for the other movie only. Thus, his opportunity cost is the amount you value the first movie + $3.
Answer: $2.81 per machine hour
Explanation:
Wages and salaries $ 423,000
Activity cost pools 10%
Allocated amount = 10% of $423000
= 0.1 × 423000
= $42,300
Depreciation = $112,000
Activity cost pools 10%
Allocated amount = 10% of 112,000
= 0.1 × 112000
= $11200
Occupancy 154,000
Activity cost pools 20%
Allocated amount = 20% of 154000
= 0.2 × 154000
= $30800
Total allocated amount = $42300 + $11200 + $30800 = $84300
The cost hour is the machine hour which is 30,000
Rate per machine hour = total allocated amount/machine hour
= 84300/30000
= $2.81 per machine hour
Answer:
B
Explanation:
The cyclically adjusted budget balance is what the budget balance of an economy would be if the GDP was at its potential. It is also known as the known as the full employment budget balance
