Answer:
<u>Opportunity cost </u>
Explanation:
Suppose that a university decides to spend $ 1 milion to upgrade personal computers and scientific equipment for faculty rather than spend $ million to expand parking for students . This example illustrates<em><u> opportunity costs.</u></em>
<em>Opportunity cost refers to the cost shifting one opportunity to another opportunity or availing one opportunity in terms of another.</em>
Formula of Opportunity cost is :
<u>Opportunity cost</u> = Total Revenue - Economic Profit
Or
<u>Opportunity cost </u> = What one sacrifice / What one gain
In Opportunity cost we chose one thing or option over the cost of another thing or option. Opportunity cost places a important role in economic theory .
As it tell us that people can choose only one thing not the both things at the sane time.
Answer:
(in the graph)
Explanation:
The PPF will show how Mario can only do as much of pizza and pasta and there is a certain point at which producing additional units of pasta or pizza comes at the cost of resinging a unit of the other good.
The points over the line and below the lien are attainable.
While those above the frontier are unattainable for Mario's current factor disposition.
Answer:
C) $50,000,000
Explanation:
The aggregate rent is the surplus earned by the lawyers for operating over their cost at this market equilibrium.
In the picture attached, the rent is showed graphically.
At PL=$250 per hour, the amount of demanded hours is QL=1,000,000.
The oportunity cost at a zero hours level is PL(0)=$150.
The rent can be calculated as:

The aggregate rent is $50,000,000.
Answer:
the present value of the bond is $16.67
Explanation:
given data
time NPER = 12 year = 12 × 2 = 24 semi annual
bond value FV = $1000
interest PMT = $50
rate of interest = 6% =
= 0.03 = 3 % semi annual
solution
we will apply here formula for current value in excel as given below
-PV(Rate;NPER;PMT;FV;type) .............1
put here value as
rate = 3% and NPER = 24 , and FV = 1000 and PMT = $50
solve it we get
the present value of the bond is $16.67