Answer:
The opportunity cost of the time spent studying includes: 2) the benefit that could have been received at the street festival
Explanation:
The cost of opportunity is the alternative that you sacrifice when you choose an option. It represent the <u>benefits that you misses out</u> on when choosing one alternative over another.
In this case, the cost of opportunity is the benefit that could have been received at the street festival, because that is the option you leave behind.
Earning a high score on your midterm is the product of your decision
Answer:
The correct answer is A
Explanation:
Study of the cost behavior provides the useful information for determining the costs.Customer demand could not be predicted by paying the attention to how the costs varies or change when the activity changes. However, the costs could be estimated or determined and changes could be made to the production which is existing in order to maximise the profit for the business.
$5 per worker
5*3=15
$7 per worker
7*2=14
total of what he pays the workers per hour
15+14=29
he pays the workers 29 dollars per hour
Answer:
At the end of the sixth year, you will have:
= $8,487.17.
Explanation:
a) Data and Calculations:
Annual savings = $1,000
Interest rate per year = 10%
Period of savings = 6 years
First deposit = today
From an online financial calculator:
N (# of periods) 6
I/Y (Interest per year) 10
PV (Present Value) 0
PMT (Periodic Payment) 1000
Results
FV = $8,487.17
Sum of all periodic payments $6,000.00
Total Interest $2,487.17
False. They are, in fact, significantly less common.
