To reduce your chances of identify theft you should

During the summer you have made the decision to attend summer school, which prevents you from working at your usual summer job i

sveta [45]

Answer:

$8,000

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Because I decided to attend summer school, I forgoed the opportunity of working and earning income. Therefore, my opportunity cost is the amount of income I would have earned if i chose to work instead.

I hope my answer helps you

7 0

3 years ago

A financial company advertises on television that they will pay you $60,000 now in exchange for annual payments of $8,000 that y

vovangra [49]

Answer:

PV $54,509.5346

Explanation:

We will calcualte the present value of an annuity of 8,000 for 12 years at 10% discount rate:

The formula of annuity is:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 8,000 dollars

time 12 years

rate 10% = 10/100 = 0.10

$8000 \times \frac{1-(1+0.1)^{-12} }{0.1} = PV\\$

PV $54,509.5346

4 0

4 years ago

) Suppose that the linear equation for consumption in a hypothetical economy is C = $40 + .8Y. Also suppose that income (Y) is $

Elis [28]

Answer:

(a) The marginal propensity to consume is equal to 0.8.

(b) The marginal propensity to save is equal to 0.2.

(c) The level of consumption is equal to $360.

(d) The average propensity to consume is equal to 0.90.

(e) The level of saving is equal to $40.

(f) The average propensity to save is equal to 0.10.

Explanation:

Given:

C = $40 + 0.8Y ................... (1)

Y = $400 .............................. (2)

(a) the marginal propensity to consume (MPC)

This can be determined by differentiating equation (1) with respect to Y as follows:

MPC = dC/dY = 0.8

Therefore, the marginal propensity to consume is equal to 0.8.

(b) the marginal propensity to save (MPS)

MPS = 1 – MPC

Since MPC = 0.8, we have:

MPS = 1 – 0.8 = 0.2

Therefore, the marginal propensity to save is equal to 0.2.

(c) the level of consumption (C)

Since Y = $400, we substitute into equation (1) to have:

C = $40 + (0.8 * $400) = $40 + $320 = $360

Therefore, the level of consumption is equal to $360.

(d) the average propensity to consume (APC)

This can be calculated as follows:

APC = C / Y = $360 / $400 = 0.90

Therefore, the average propensity to consume is 0.90.

(e) the level of saving (S)

This can be calculated as follows:

S = Y - C = $400 - $360 = $40

Therefore, the level of saving is $40.

(f) the average propensity to save (APS)

This can be calculated as follows:

APS = S / Y = $40 / $400 = 0.10

Therefore, the average propensity to save is 0.10.

5 0

3 years ago

Why is operations management relevant to managers in other organization functions? Base your discussion on your experience of op

Mars2501 [29]

Answer:

Operations management is relevant to improve the overall productivity in an organization as it involves working with all departments in the organization.

Explanation:

Operations management involves <u>planning, organizing and controlling the production processes by which raw materials are converted into valuable goods and services to be distributed to customers.</u>

An operations manager works with managers in other organizational functions to <u>improve the overall productivity in the organization.</u>

He or she maintains contact with; the financial manager to agree on the budget needed for production, the purchasing manager to determine what raw materials will be purchased for production, the personnel manager to sort out the human resources required for the production process, and the marketing manager to ensure that customer needs are taken into consideration when producing goods and services.

4 0

3 years ago

Product deletion can best be described as the process of deleting a product from the product mix when it a. no longer responds t

Mamont248 [21]

Answer:

(c). no longer satisfies a sufficient number of customers

Explanation:

Product deletion refers to removal or discontinuance of a product from the product line when such a product has been consistently incurring losses since a number of years and it's further continuation would adversely affect the other products and profitability.

A product is usually deleted from the product line on the grounds of it's failure in satisfying a sufficient number of customers.

Hence, the correct option is (c). no longer satisfies a sufficient number of customers.

5 0

4 years ago