Answer:
Eleanor has the lowest opportunity cost of completing the task. Opportunity cost of $80.
Explanation:
opportunity cost calculations
Eleanor; she earns $160 per hour and can complete the task in 30 minutes therefore we convert the minutes to hours 30/60 = 0.5hours
$160 *0.5hours = $80
Darnell ; he earns $25 per hour and it will take him 5 hours to complete the task , his opportunity cost is $25 *5 =$125.
Answer:
hello your question is incomplete attached below is the complete question
answer :
For Negative cross-price Elasticity :
DVD players and DVD and Shampoo and conditioner
Positive cross-price Elasticity :
Beer and Wine and Soda pop and iced tea
Zero cross-price elasticity :
Coffees and shoes
Explanation:
<u>For Negative cross-price Elasticity : </u>
DVD players and DVD and Shampoo and conditioner ; this is because the percentage change in the price of any of the good will affect the demand for both goods negatively or positively
<u>For positive cross-price Elasticity :</u>
Beer and Wine and Soda pop and iced tea : The percentage change in the price of any of the good will affect the demand of the other good positively ( increase in demand of the other good )
<u>For Zero cross-price Elasticity </u>:
Coffees and shoes; The percentage change in the price of any of the good will not affect the other because both goods are not related
Entrepreneurs take risks because they may lose time and money despite their high expectation of success.
<h3>Who is an entrepreneur?</h3>
An entrepreneur is an individual who starts a business. Entrepreneurs are known for their passion to achieve business success. They enjoy the gains from their success and may risk losing their time and money in the process.
Thus, as the entrepreneurs expect to succeed, they must be realistic, recognizing that they are taking a risk.
Learn more about entrepreneurs at brainly.com/question/353543
Answer: 15000; 3750
Explanation:
From the question,
Q = 660 – 12P
MC = 5
The consumer surplus in a perfectly competitive market will be:
P = MC
Therefore, P = 5
Q = 660 - 12P = 660 - 12(5) = 660 - 60 = 600
Consumer surplus = 1/2 × (55 - 5) (600)
= 1/2 × 50 × 600
= 15,000
For monopoly, MR = MC
Total Revenue = P × Q
Since Q= 660 - 12P
P = (660 - Q)/12
TR = P × Q
= (660 - Q)/12 × Q
= (660Q- Q²)/12 × Q
MR = (660 - 2Q)/12
MR = MC
(660 - 2Q)/12 = 5
(660 - 2Q) = 5 × 12
660 - 2Q = 60
2Q = 660 - 60
2Q = 600
Q = 600/2
Q= 300
Since P =(660 - Q)/12
= (660 - 300)/12
= 360/12
= 30
Consumer surplus = 1/2 × (55 - 30) (30)
= 1/2 × 25 × 300
= 3750
Therefore, the answer is 15000; 3750
A general partnership is a partnership when all partners share in the profits, managerial responsibilities, and liability for debts equally.
<h3>What is
general partnership?</h3>
A general partnership, the most basic type of partnership under common law, is an organization of people or an unincorporated company that has the following major characteristics: Agreement, proof of existence, and estoppel must all be used to create it.
Two conditions must be met in order to form a general partnership: The company must have at least two owners. All partners must agree to accept unlimited personal responsibility for any debts or legal liabilities incurred by the partnership.
Unless otherwise stated in the agreement, all partners in a general partnership have equal standing and the authority to participate in the management of the business. When a decision must be made, each partner is usually given one equal vote.
To know more about general partnership follow the link:
brainly.com/question/25641198
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