The answer is $48.
The seller of product a has no idle capacity and can sell all it can produce at $60 per unit. outlay (variable) cost is $12. $48 is the opportunity cost, assuming the seller sells internally
It is calculated as follows:
Opportunity cost= Production cost- Outlay cost
= 60-12
=$48
Opportunity costs represent the potential benefits which any individual or investor, or any business misses out on when choosing one alternative over another.
Because the opportunity costs are generally unseen by definition, they can be easily overlooked. Understanding of the potential missed opportunities when any business or any individual chooses one investment over another investment allows for better decision making.
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Answer:
does not allow market forces like supply and demand to determine what how much and at what price they should produce goods
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Answer:
Their average hourly productivity as a team for chicken breasts will be
45.
Explanation:
Here, it is given that Mike and Tom debone chicken breasts for Ted' chicken company.
Mike debones 30 chicken breasts,
Meanwhile Tom is having his own experience in this work and knows how to calculate the hourly work
So, Tom allows Mike to debone only 60 chicken breasts per hour.
Now its mentioned that both Tom and Mike had worked 40hrs per week.
So, their average hourly productivity as a team will be:
⇒ 45
So, their average hourly productivity as a team for chicken breasts will be 45.
Answer:
"Direct Method" is the right answer.
Explanation:
- The direct approach provides a clearer overview of how a company receives currency. And therefore it is regarded as equivalent to the alternative manner.
- Compared to the price of something like the money market account throughout the particular circumstance, the above direct method of registering cash balance somewhat from operations would be advised.
