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dolphi86 [110]
3 years ago
15

Explain how opportunity cost is different for economic goods and free goods

Business
1 answer:
Pepsi [2]3 years ago
5 0

Answer:

The difference is that free goods have exactly zero opportunity cost, because they cost nothing, their price is zero, and their use is non rival, and non excludable, meaning that if a person uses a free good, that person does not prevent any other person from using the good.

Economic goods, on the other hand, are goods that have a price, and that have a cost of production. Besides they are rival and/or exclusionary. The opportunity cost of an economic good varies depending on the good, but it is never zero.

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Butler, Inc. paid $75,000 to retire a note with a face value of $83,000. The note was issued with an 8% coupon rate paid semiann
Citrus2011 [14]

Answer:

Option (A) is correct.

Explanation:

Given that,

Amount paid to retire a note = $75,000

Face value of a note = $83,000

Coupon rate = 8% (Paid semi-annually)

Net book value of a note = $68,200

The net gain or loss on the redemption of the note is determined by the difference between the net book value of the note and the amount paid to retire the note. A negative amount indicates that there is a loss on the redemption and a positive amount indicates that there is a gain on the redemption.

Net gain or loss:

= Net book value of a note - Amount paid to retire a note

= $68,200 - $75,000

= -$6,800

Therefore, there is a net loss of $6,800 on the redemption of the note.

3 0
4 years ago
Zara, an intern, is creating a wiki for the veterinary clinic where she works. Which two choices best describe the purposes of t
lana66690 [7]

Answer:

Options B and E.

Explanation:

In order to answer the question, we must first define what a wiki is.

A wiki refers to a website which is collectively created by multiple users. It is a collaborative content management system (CMS) for collecting and organizing media that is created and revised by its users. A popular example is Wikipedia.

From the definition, we can conclude that in the scenario given above, the wiki that Zara is creating will be used by the experts in the veterinary clinic. They will be able to use the wiki website, update contents, and organize media.

Therefore, the two best options would be:

B. To educate veterinarians about the latest surgical techniques. This is because the experts would update the procedures on the wiki website.

E. To allow clinic veterinarians to collaborate on reports.

3 0
3 years ago
Let the equation c = 2.32 n + 34,180 represent the cost of raising a child, c, on an income, n. if the corlone family has an inc
Elza [17]

Since the equation C = 2.32N + 34,180 where C is the cost of raising a child and N is the income. So, if the Corlone family has an income of $40,000, you use the value of N to solve for C:

C = 2.32(40,000) + 34,180

C = 92,800 + 34,180

C = $126,980

Answer: C = $126,980

Credit to: @MsRay

+ = <3

3 0
3 years ago
The profits from a mutual savings bank go to the:
Llana [10]
It goes to the stockholders
6 0
4 years ago
You work as a salesperson for a chemical manufacturer, which keeps you very busy. Your customers are photographers who use your
jeka94
I think the answer is B
7 0
3 years ago
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