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Advocard [28]
2 years ago
10

Winona and Hubert need to decide which one of them will take time off from work to complete the rather urgent task of shearing t

heir llamas. Winona is pretty good with a pair of shears; she can shear the llamas in 1 hour. Hubert is somewhat slow; it takes him 9 hours to shear the llamas. Winona earns $200 per hour as a psychiatrist, while Hubert earns $25 per hour as a cobbler. Keeping in mind that either Winona or Hubert must take time off from work to shear the llamas, who has the lowest opportunity cost of completing the task
Business
1 answer:
Flauer [41]2 years ago
5 0

Answer: Winona has the lowest opportunity cost of completing the task.

Explanation:

Based on the information given in the question, the opportunity cost will be calculated as:

= Earnings per hour × Hours taken to complete the task

Therefore, for Winona, the opportunity cost will be:

= 1 × $200.

= $200.

For Hubert, the opportunity cost will be:

= 9 × $25

= $225

Therefore, based on the calculation above, Winona has the lowest opportunity cost of completing the task.

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Consider a no-load mutual fund with $390 million in assets and 15 million shares at the start of the year and with $440 million
Lyrx [107]

Answer:

20%

Explanation:

The computation of rate of return on the fund is shown below:-

Net assets value at the beginning = Total assets ÷ Number of shares

= $390 million ÷ 15 million

= $26 million

Net assets value at the end of the year = (Total assets - Expenses) ÷ Number of shares

= ($440 million - ($440 million × 2%)) ÷ 16 million

= ($440 million - $8.8 million) ÷ 16 million

= $26.95 million

Now,

Rate of return = (Net assets value at the end of the year - Net assets value at the end of the year + Income distribution + Capital gain distribution) ÷ Net assets value at the beginning

= ($26.95 million - $26 million + $4 per share + $0.25 per share) ÷ $26 million

= $5.2 million ÷ $26 million

= 20%

8 0
3 years ago
The sources of quantitative standards include
8_murik_8 [283]

Answer:

B

Explanation:

The sources of quantitative standards include historical experience, engineering studies, and input from operating personnel.

3 0
3 years ago
Adler Company is considering developing a new product. The company has gathered the following information on this product. Expec
MrRissso [65]

Answer:

markup 200% over cost

selling price 75 dollars

Explanation:

investment 500,000

return on investment : 10%

500,000 x 10% = 50,000

units producted: 1,000

markup per unit: 50,000 / 1,000 = 50 dollar

the markup will be: 25 * X = 50

X = 2 = 200%

selling price: 25  + 50 = 75

75

6 0
3 years ago
If Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour p
zimovet [89]

Answer: C. Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges

Explanation:

From the question, we are informed that Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour producing oranges.

Since Columbia spends a lesser time producing coffee and Cuba spends a lesser time producing oranges, it means that Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges.

8 0
3 years ago
The town of snowville is concerned that its rental property market is overpriced. the demand for rental housing is p = 48 - 2q,
goblinko [34]
For this case what you should do is to clear q in both equations with a price of p = 16 $
 We have then:
 For the demand
 p = 48 - 2q
 q = (48 - p) / 2
 q = (48 - 16) / 2
 q = 16
 For the supply:
 p = 12 + q
 q = p-12
 q = 16-12
 q = 4
 Answer:
 if the town imposes a price ceiling of 16 dollars, and the quantity demand will be 16 while quantity supply will be 4.
6 0
3 years ago
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