Answer:
Juanita should purchase the suit at the store across town because the total economic cost will be lowest.
Explanation:
three options:
-
local store 15 minutes away and a price of $114
- across town 30 minutes away and a price of $86
- neighboring city 1 hour away and a price of $60
Juanita makes $30 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:
total economic cost:
-
local store = $114 + [1/4 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $144
- across town = $86 + [1/2 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $131
- neighboring city = $60 + [1 hour x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $135
Juanita should purchase the skirt at the store across town because the total economic cost will be lowest ($131)
Opportunity costs are the benefits lost or extra costs incurred for choosing one activity or investment over another alternative. Economic costs include both accounting costs and opportunity costs.
Answer:
The numeric response for the question using real numbers rounded to one decimal place is given as below.
Explanation:
Tax incidence for almonds is (12 / (12 + 0.47)) = 0.96
for cotton (0.73 / (0.73 + 0.68)) = 0.52 and
for processing tomatoes is (0.64 / (0.64 + 0.26)) = 0.71
Answer:
The answer is: $215,000
Explanation:
Railway Company should include the goods worth $35,000 that Rogers Consignment store has. Once this amount is included, the total inventory for Railway Company should be $215,000 ($180,000 + $35,000).
Merchandise purchased and shipped as FOB destination, belongs to the seller until it has been properly delivered to the buyer. It will increase the inventory once it arrives on January 3.
Answer:
Addition of backlinks to your Blog
Explanation:
Addition of backlinks to your blog post is one way you can make it easy for people to organically find your previous published pages
Backlinks are links created and added to a webpage that links the website or webpage to another webpage or blog post. this links makes it easier for people navigating through a company's blog to find previously posted articles without having to search them all over again on the menu page.
Answer:please refer to the explanation section
Explanation:
Mechanic = $100
Vet = $100
Alex (payment from vet) = $100
Will's $100 bill has created $300.
This situation is explained in detail by the concept known has the multiplier. The multiplier measures how much impact will a change in an exogenous variable will cause in endogenous variables, for example How much a increase in Government spending will change Gross Domestic Product.
The multiplier in this case is 3,
