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forsale [732]
3 years ago
7

Ben has two options this weekend. He could work at his job and earn $8 per hour for three hours, or he could go to an exhibit at

the art museum for that three hours. A ticket for the event costs $30. What is the opportunity cost of the event?
Business
1 answer:
crimeas [40]3 years ago
3 0

Answer:

Opportunity cost= -$54

Explanation:

Giving the following information:

He could work at his job and earn $8 per hour for three hours, or he could go to an exhibit at the art museum for those three hours. A ticket for the event costs $30.

The opportunity cost is the "cost" of not taking other alternatives.

Opportunity cost= total revenue - economic profit

Opportunity cost= -30 - 24= -$54

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Which model allows private companies to set up manufacturing units on prison grounds or purchase goods made by inmates in shops
nadya68 [22]

Answer:

private prison enterprise

Explanation:

A public jail is not a profit-generating enterprise. The eventual objective is to house jailed prisoners in an effort to rehabilitate them or remove them from the streets. A private jail, on the other hand, is administered by a business. That corporation’s final purpose is to profit from everything they deal in.

In order to generate money as a private jail, the firm gets into a contract with the government. This contract should indicate the basis for payment to the company. It might be based on the size of the jail, based on a monthly or annual predetermined sum, or in most situations, it is paid depending on the number of convicts that the prison holds.

As of 2019, there are around 116,000 inmates detained in private prisons, which constitutes 8 percent of the overall federal and state prison population.

Many of these jails save the government money, but others actually cost more per prisoner than a public institution would cost.

6 0
3 years ago
Name two reasons interest rates on long-term deposits are higher.
Zolol [24]
1. The money is required to stay in the bank longer
2. Because inflation erodes the value of savings, the higher interest rate helps decrease the amount of money lost.
8 0
3 years ago
Money markets are marketsfora.Foreigncurrencies.b.Consumer automobileloans.c.Common stocks.d.Long-term bonds.
Harlamova29_29 [7]

Answer:

e. Short-term debt securities such as Treasury bills and commercial paper.

Explanation:

  • A money market is an organized exchange market and were the participant can lend and borrow short terms high quantity debt security with an average maturity with less than and year. And thus enables the government and other institutions of the short terms securities.
4 0
3 years ago
Which entity is a public good?
Georgia [21]
The Miitary!!!!!!!!!
7 0
3 years ago
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2022 2021 Cash $13
Fiesta28 [93]

Answer:

Current ratio for 2022: 0.311

Current ratio for 2021: 0.231

Explanation:

The current ratio is a liquidity ratio that indicates a company's ability to pay its current liabilities when they come due. The current ratio is calculated by the following formula:

Current Ratio =  Total Current Assets/Total Current Liabilities

In Bob Evans Farms:

Current ratio for 2022 =  $80,200/$257,500 = 0.311

Current ratio  for 2021 = $71,809/$311,100 = 0.231

​  

​

4 0
3 years ago
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