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
When expressing the relevant of cost in staying in dollar will be $<span>22500 in whole numbers. Staying in school when you are already in college is a challenge, because you are already one step forward to your success so it its hard to stop going to school, you need to do something so that you will be able to continue your schooling.</span>
Answer: Option D
Explanation: In simple words, short run refers to the time frame in which all the factors of production are fixed while in the long run all of them are variable.
This happens due to the fact that in the short run if the company goes for changing the level of inputs than the opportunity that were availing in that time period will be gone by then leading to losses as the total time frame is very less in short run.
On the other hand, firms tends to have greater life in the market and keeps developing themselves with the changing forces of market.
Answer:
curvilinear relationship
Explanation:
Based on the information provided within the question it can be said that this is an example of a curvilinear relationship. This term refers to a type of relationship between two variables in which, when one increases the other one does as well, up until a set point. Once the first variable hits that point it can continue to increase but the second variable will begin to decrease. In this scenario the market can continue to grow and will cause the new product to grow as well, but once the market becomes saturated with similar products, the sales of the product will start to decline even though the market is still growing.
