Answer: $1,000
Explanation:
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
Therefore, the opportunity cost for operating a homeless shelter is the amount that is received by renting the space of shelter for wedding parties.
Opportunity cost = Average wedding parties per month × Rent per party
= 5 × $200
= $1,000
Answer:
no
Explanation:
the airport would be liable because the fire truck blowing a tire and hitting the pole was the direct cause. not the failure of the landing gear
I had to look for the options and here is my answer:
The one that best illustrates a scenario that shows a country having a "trade deficit" is when their imports exceed their exports. This means that they have spent more on imports than what they earn on their exports and this creates an imbalance in the nation's economy.
Answer:
Correct Answer:
B) Implied warranty of fitness
Explanation:
A products liability claim normally involves injury or damage caused by a defective product. Proving the claim usually involves one or more of three basic theories of liability: negligence, breach of contract/warranty, and strict liability.
<em>Since there was a bridge of warranty by the truck dealership despite Palmer demanding the best truck, he would be able to sue the dealership under implied warranty of fitness.</em>
Answer:
Gain= $63,000
Explanation:
<u>First, we need to calculate the book value:</u>
<u></u>
Book value= purchase price - accumulated depreciation
Book value= 250,000 - 35,000
Book value= 215,000
<u>Now, the gain or loss from the sale:</u>
Gain/loss= selling price - book value - selling expense
Gain/loss= 290,000 - 215,000 - 12,000
Gain= $63,000
