Answer:
d. every decision has an opportunity cost.
Explanation:
Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.
Accounting cost only includes explicit cost.
Economic cost includes both implicit and explicit Cost.
economic decisions dont include sunk costs.
I hope my answer helps you
Answer: Expectancy Theory
Explanation: Expectancy theory formulates that a person will conduct oneself in a specific manner as he or she is motivated to choose a particular behavior over others because of what they regard the outcome of the behavior that is selected as likely to be.
Here, the management of McCloud Corp utilizes the expectancy theory to make the workers develop the quality of their work and put in extra effort to the work . However, this theory is aimed at giving rewards to workers who earned them and also chose to get rewarded as they are chosen by their performance. The inspiration for the behavior preference is deduced by how appealing the result is.
Answer:
The answer is below
Explanation:
i) The price elasticity of demand is given by the formula:
Since the price elasticity of demand is greater than 1 hence it is elastic
ii) Since the price elasticity of demand is elastic as a result of increase in fare, hence the total revenue would decrease.
iii)
Since the price elasticity of demand is greater than 1 hence it is elastic
Answer: (A) Unfair competition argument
Explanation:
The unfair competition argument is one of the type of common argument that helps in applying while taking various types of unfair decisions in an organization.
It is one of the intellectual branch that basically substitute the competitor's products and the items in the market by using the deceiving techniques or methods.
According to the given question, Lobbyist is basically using the various types of Unfair competition arguments for the purpose of argue for the trading restriction on the steel rods as the foreign producers are using their unfair benefits over the domestic manufactures.
Therefore, Option (A) is correct answer.
Answer:
$0.30 per direct labor-hour
Explanation:
The computation of the variable cost per direct labor is shown below:
Variable cost per direct hour = (High maintenance cost incurred - low maintenance cost incurred) ÷ (High direct labor hours - low direct labor hours)
= ($4,000 - $1,900) ÷ (9,000 hours - 2,000 hours)
= $2,100 ÷ 7,000 hours
= $0.30 per direct labor-hour
