1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inna [77]
3 years ago
11

Tim woke up this morning with a stomachache and decided to skip class so he could get more rest. What is the opportunity cost of

Tim's decision to sleep in?
Business
1 answer:
babunello [35]3 years ago
4 0

Answer:

the value of attending the class he decided to miss

Explanation:

Opportunity cost is defined as the forgone alternative an individual has missed as a result of taking an action.

In economics both the actual cost of an activity and the opportunity cost are considered when analysing economic activity.

In the given scenario Tim decided to skip class so he can get more rest. This is the actual activity chosen.

However the value of the class missed is the forgone alternative. So this is the opportunity cost

You might be interested in
According to henry mintzberg, a management scholar, most firms do not realize their original intended strategy. group of answer
Ksivusya [100]

The statement According to henry mintzberg, a management scholar, most firms do not realize their original intended strategy is: False.

<h3>What is intend strategy?</h3>

Intend strategy can be defined as the strategy a company or an organization plan to achieve.

Most companies tend to often realize their intended strategy as this will help them to achieve their set goals and objectives.

Therefore the statement According to henry mintzberg, a management scholar, most firms do not realize their original intended strategy is: False.

Learn more about intend strategy here:brainly.com/question/23945932

#SPJ1

3 0
2 years ago
All of the following are weaknesses of the payback method except:_______.
melomori [17]

Answer:

Correct Answer:

d. none of the above

Explanation:

Payback method is a simple accounting method used to projects incoming cash flows from a given project and identifies the break even point between profit and paying back invested money for a given process.

7 0
3 years ago
"The country of bienmundo does not trade with any other country. its gdp is $30 billion. its government purchases $5 billion wor
baherus [9]

Answer:

Consumption in Bienmundo =$19bn

Investment in Bienmundo =$6bn

Explanation:

Formula for calculating private savings is ;

1. Private savings = GDP - Tax - Consumption

$5bn = $30bn - $6bn - Consumption

Consumption = $30bn - $6bn -$5bn

Consumption = $19bn

We will also use the formula for calculating GDP without export and import because Bienmundo does not trade with any other country

2. GDP = Consumption + Government expenditure + Investments

$30bn=$19bn + $5bn + Investment

Investments = $30bn -19bn - $5bn

Investments = $6bn

4 0
4 years ago
The function of the South African Reserve Bank as bank supervisor entails …
monitta

Answer:

[1] reducing interbank settlement risks by reducing the potential for settlement default by one or more banks.

Explanation:

3 0
3 years ago
Q.12 Commerce is the sum total of activities that remove hindrances in the free
jasenka [17]

Answer:

It means that the ultimate goal of commerce is to eliminate barriers between producers and consumers

Explanation:

4 0
3 years ago
Other questions:
  • ____ journalism caters to specialized interests of news consumers.
    12·1 answer
  • One of the tasks for financial managers when identifying projects that increase firm value is to identify those projects where
    14·1 answer
  • abares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing act
    7·1 answer
  • Which of the following indicates which fields have been included in the query?
    7·1 answer
  • Trendz Inc. is a leading brand of fashion clothing and accessories based in Houston. After gaining a strong foothold in the U.S.
    15·1 answer
  • Recently Kaden switched jobs from a large firm to a medium-sized firm. As one of four project managers at the new firm, Kaden re
    12·1 answer
  • When companies purchase technology from Conversica to reduce the variability of the human component of their service offerings,
    7·1 answer
  • 2. What does a correlation coefficient of 0.76 between two assets indicate?<br> (1 point)
    14·1 answer
  • Will the government extend student loan forbearance.
    9·1 answer
  • your supervisor, ashby, wants you to make an appointment for her to meet with a friend of yours, kevin. she wants to make a sale
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!