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2 years ago

What’s an example of Opportunity Costs?

Business

2 answers:

Ksenya-84 [330]2 years ago

8 0

Answer:

Opportunity cost is the second choice that you had to leave behind like Going to a vacation instead of buying a car therefore not spending the money on a new car is your opportunity cost

more examples can be buying KitKat instead of marshmallow so marshmallow is your opportunity cost

AnnZ [28]2 years ago

5 0

Not being able to do something because of the time and resource and the thing you already did.

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Questions that would help Tony manage his day-to-day operations? A. What is my best-selling product? B. What is my lowest-sellin

zloy xaker [14]

Answer:

The correct answer is letter "D": A&B.

Explanation:

Managers have several functions within an organization. Among them, they must <em>analyze information </em>-the accounting books of the company- to find out what products have maximized their production process and which ones have not. Besides, they must relate that information to the number of sales the company is processing given a certain period.

Thus, what is the best and low-selling products of a firm are questions that managers must ask to explore its<em> strengths, weaknesses, and opportunities</em>.

4 0

3 years ago

Bob makes his first $ 800 deposit into an IRA earning 7.4 % compounded annually on his 24th birthday and his last $ 800 deposit

Likurg_2 [28]

Answer:The answer is $17,387.67

Explanation:

Let Principal = P, Rate = R% per annum, Time = n years

Amount = P ( 1 + R/100)∧n

P = $800, R = 7.4%, n = 24

A = 800 ( 1 + 7.4/100)∧24

A = 800 ( 1 + 0.074)∧24

A = 800 ( 1 .074)∧24

A = 800 (5.547569512)

A = 800× 5.5475569512

A = $4,438.05

Deposit made at 39th birthday

P = $800, R = 7.4%, n = 39

A = 800 ( 1 + 7.4/100)∧39

A = 800 (1 + 0.074)∧39

A = 800 (1.074)∧39

A = 800 (16.187022604)

A = 800× 16.187022604

A = $12,949.62

How much is in the IRA when Bob retires will be

$4,438.05 + 12,949.62

= $17,387.67

6 0

3 years ago

or each of the following items, indicate to which major group of the CPI the item belongs: a. Tuition payments to your universit

sergiy2304 [10]

Answer:

a. education; b. housing; c. transportation; d. food and beverages; e. recreation; f. medical care

Explanation:

CPI or consumer price index represents the costs of basket of goods and services across the country on monthly basis and includes the following categories:

housing
apparel
transportation
education and communication
other goods and services
recreation
medical care
food and beverages

a. Education

b. housing

c. transportation

d. food and beverages

e. recreation

f. medical care

5 0

2 years ago

Suppose there is a decrease in the price of butter. What do we expect to happen to the demand for bread? Assume that bread and b

dimulka [17.4K]

Suppose there is a decrease in the price of butter.There will be an increase in demand for bread.

<h3>Option (B) is correct</h3>

<u>Explanation:</u>

Bread and butter are complementary goods. They are demanded and consumed together. So their demand are positively correlated which means an increase in demand of one will lead to the same increase the demand of other

If the Price of butter decreases, it will lead to an increase in the demand for butter. With the increasing demand for butter, the demand for bread will automatically increase. Both demands will move in the same direction.

3 0

3 years ago

When the marginal revenue curve intersects the horizontal axis A. demand is relatively inelastic. B. demand is perfectly elastic

konstantin123 [22]

Answer:

D. demand is unitary elastic.

Explanation:

A unitary elastic demand means that the quantity demanded will change proportionally to any change in the price of the product or service. E.g. price decreases by 10%, then quantity demanded will increase by 10%.

The marginal revenue curve represents the additional revenue generated by selling one more unit. As the marginal revenue curve approaches 0, it means that selling one additional unit generates lower revenues.

8 0

3 years ago