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
Irina-Kira [14]
2 years ago
14

Yvette is waiting in line to receive a free t-shirt at a charity event. Because the shirts are free, there are many people in li

ne, and a long wait time is expected Consider the following sentence: By waiting in line for the shirt Yvette will miss an appointment to tutor an economics student, for which she would have been paid $30. Which basic concept of individual choice does this sentence best illustrate?
a. Externalities are a shortcoming of the market,
b. Many decisions are made on the margin.
c. Opportunity costs and money costs (price) are related but are not always exactly the same
d. People usually exploit opportunities to make themselves better off.
Business
1 answer:
WINSTONCH [101]2 years ago
6 0

Answer:

c

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. It is also known as implicit cost

When Yvette decided to wait in line, she missed the opportunity to tutor. This is her opportunity cost.

By giving up tutoring, she is losing $30. Thus her implicit cost is $30

You might be interested in
Clara is looking into investing a portion of her recent bonus into the stock market. While researching different companies, she
pantera1 [17]

Answer: sorry idk :(

Explanation:

4 0
3 years ago
When the interest rate is 10% per year, all of the following are equivalent to $5,000 now except: A) $4,545 one year ago B) $5,5
Evgesh-ka [11]

Answer:

$4,021 two years ago

Explanation:

Given that

The Rate of interest is 10%

And as we know that

PV = FV × (1 + i)^(-n)

And

FV = PV ÷ (1 + i)^n

where,  

PV = prsent value,

FV = future value ,

i = interest rate,

n = years

Now

a)

FV = $4,545 × (1.1)

= $4,999.5

b)

PV = $5,500 ÷ (1.1^-1)

= $5,000

c)

FV = $4,021 × (1.1^2)

= $4,865.41

d)

PV = $6,050 × (1.1^-2)

= $5,000

hence, the correct option is c. $4,021

It is wrongly written as $4,012

3 0
3 years ago
Read 2 more answers
When Yahoo! develops new online services, the company develops a version of the service and shows it to customers. It solicits i
Assoli18 [71]

Answer:

Correct Option is B (Rapid Prototyping)

Explanation:

Correct Option is B (Rapid Prototyping)

Rapid Prototyping is a technique which is used to test a new technology or hypothesis by giving it to the customer. Customer then use the product and provide feedback. From the customer feedback, changes are made according to the requirement and the feedback provided by the customer.

7 0
3 years ago
Bill is considering investing $450 at the end of every month in a fixed income instrument. He will receive $27,000 at the end of
Nikitich [7]

Answer:

11.61%

Explanation:

First, find the annual percentage return (APR) of this annuity. Using a financial calculator, input the following;

Recurring payment; PMT = -450

Future value ; FV = 27,000

Duration of investment ; N = 4*12 = 48 months

One -time present value; PV = 0

then compute interest rate; CPT I /Y= 0.92% (this is monthly rate)

APR = 0.92*12 = 11.035%

Effective Annual Rate (EAR) formula is as follows;

EAR = (1+\frac{APR}{m} ) ^m  -1

EAR = 1+\frac{0.11035}{12} )^12 -1

EAR = 1.1161 -1

EAR = 0.1161 or 11.61%

8 0
3 years ago
Baxter company produces children's wiffle ball sets using a three-step sequential process that includes molding, coloring, and f
Nikitich [7]
<span>when the sets are completely finished, the cost should be transferred to: </span>W<span>IP inventory-Finishing
WIP stands for work in progress, which is an account to placed all the amount of manufactured product that still not ready to be sold to the market.
Since the manufacter process is in finishing stage (coloring/packing), the appropriate account should be </span>WIP inventory-Finishing
3 0
3 years ago
Other questions:
  • A project will produce an operating cash flow of $31,200 a year for 7 years. The initial fixed asset investment in the project w
    13·1 answer
  • Which of the following statements is true? a. Economic profits ignore implicit costs. b. Economic profits include implicit costs
    14·1 answer
  • The basis of accounting used by not-for-profit organizations in their external financial reports is
    13·1 answer
  • There are 88 members on a board of directors. if they must form a subcommittee of 55 ?members, how many different subcommittees
    12·1 answer
  • The following section is taken from Ivanhoe's balance sheet at December 31, 2021. Current liabilities Interest payable $ 47,500
    15·1 answer
  • The future of cities in the United States and in other countries will be determined by their ability to benefit from the _______
    10·1 answer
  • Which of the following will decrease the aggregate quantity of output supplied?
    8·1 answer
  • Assume that you have just purchased some shares in an investment company reporting $500 million in assets, $50 million in liabil
    15·1 answer
  • How can you apply Total Quality Management, Six Sigma, Kaizen &amp; Lean principles to improve the management of an academic ins
    8·1 answer
  • Recommend two aspects you would include when preparing a flyer
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!