Answer: 1.6 cheesecakes
Explanation: Opportunity cost is simply the cost of a forgone alternative. It is the cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative.
If Marv can decorate 8 wedding cakes or 13 cheesecakes, it follows that the opportunity cost of making 8 wedding cakes is 13 cheesecakes. The question asks the cost of making a cake. This is given by:
13/8 = 1.625 cheesecakes
= 1.6 cheesecakes to the nearest tenth as the answer.
Answer:
economies of scale
Explanation:
Economies of scale happen when the average total cost of producing additional units of output decreases as total output increases. The reason why this happens is that even if variable costs per unit remain the same, average fixed costs per unit decrease as total output increases.
Answer:
It should be recommended that the customer should sell long.
Explanation:
As the offer in the question is contigent on 64% of the tendered shares, this makes the tender be inappropriate if the customer wants to cash out the position.
The right step to take is by selling the long position that has a new higher market price.
Therefore, it should be recommended that the customer should sell long.
Note that to sell long implies that stocks or any other financial investment instrument are purchased now for the purpose of selling them at a higher future price in order to make a profit.
Answer:
traditional work group
Explanation:
Based on the scenario being described within the question it can be said that this scenario illustrates that Harry is part of a traditional work group. This refers to a group that is made up of more than one individual who all work together in order to achieve a certain company goal. Since Harry has not been putting his part within the work group he was slowing down progress and this is why he was fired.
