ANSWER: Opportunity Cost is the cost of losing the next best alternative compared to the option that has been chosen. There can be numerous situations of opportunity cost. A situation which is simple yet best is as follows:
David is a doctor who charges $20 from his patients for regular checkup. He knows that weekend evening will be full of patients and he won't have time to rest. There are an average of 15 patients every weekends. So by the simple calculation, David will be earning $300 on a single weekend evening. But due to popular rock concert being organized in the city on a weekend evening, David decides to skip the day and visit the rock concert. The ticket price for the rock concert was $50. So,the opportunity cost for David was $350 because not only David lost the chances of his earning that evening but he also spent $50 on the tickets of the rock concert.
Answer:
Germany
Explanation:
Germany invaded Poland to regain lost territory and ultimately rule their neighbor to the east. The German invasion of Poland was a primer on how Hitler intended to wage war–what would become the “blitzkrieg” strategy.
<span>"c.Containers allow small merchants to send tiny amounts of goods more easily" is not </span>a reason why container ships are better than loose-loaded ships.
Answer:
The correct answer is option c.
Explanation:
Break-even point refers to the situation where the economic costs incurred is equal to economic profits. This is graphically represented by the point where the ATC curve intersects the AR curve. The price and output at that point will reflect break even.
At this point though, the firm will be earning some accounting profit and would need to pay taxes on that profit.
The easiest way to travel between the two is by boat on the Chesapeake Bay
