Answer:
His opportunity cost a graduation was$50,000 and eight years later is $2 million
Explanation:
His opportunity cost at the time of graduation is $50,000 as he has 2 choices at that time, either playing soccer or coaching. And as he has been playing football for eight years which implying that he gave up the coaching option. The opportunity cost was therefore $50,000, which is a yearly amount of coaching.
in the same way his opportunity cost is $2 million after 8 years because he has two alternatives to play soccer and create films. And as he gave up the possibility to play football. Therefore, the opportunity cost for playing soccer was $2 million, which is the sum he gets.
A girl calling me cute or putting her hand on my thigh. Someone tell me how they love me even though there intentions might be bad.
Answer:
Financial accounting is more highly regulated than managerial accounting.
Explanation:
Financial accounting is highly regulated and follows laid down principles that must be followed. International Financial Reporting Standard (IFRS) and Generally Accepted Accounting Principles (GAAP) are two examples of regulatory guidelines for financial accounting.
On the other hand managerial accounting is flexible and tailored to the manager's needs.
It must not follow the strict guidelines of financial accounting. This is because managerial accounting is used internally by a company and is not subject to public scrutiny.
Answer: Economic Growth, Employment opportunities, Standard of living improvement.
Explanation:
Macroeconomics is a branch of economics that deals with the structure, performance, behavior, and the decision-making of the economy as a whole. It includes the regional, national, and the global economies.
Expanding production will help the economy in the following ways:
1. Provision of employment opportunities: An increase in production will lead to more goods and services being offered. This will in turn, lead to more workers who would be needed for production.
2. Increase in standard of living: There will be an increase in the standard of living for people that were not employed before and now gainfully employed due to the expansion.
3. Economic growth: Economic growth is the increase in the goods and services in the economy. Increase in production will enhance economic growth.
