Answer:
7/16
Explanation:
Opportunity cost is the cost of the alternative forgone. It is also called the real cost. It is a concept in economics developed due to the fact that wants are unlimited but the resources available to meet the wants are limited. Hence a scale of preference would be drawn up for the wants in order of importance.
If the family can afford either 80 cans of beans or 35 frozen pizzas, the cost of a can of beans in terms of frozen pizza is 35/80 frozen pizza while the cost of a unit of frozen pizza in terms of beans is 80/35.
As such, the opportunity cost of one can of beans in terms of frozen pizza is 35/80 which is 7/16 in the lowest term
Your answer should be true
The correct answer would be D. Limited Partnership
Answer:
C. Sleeping in late and waking up early.
Explanation:
Two or more events are said to be mutually exclusive if and only if they can't happen at the same time.
Going with the above brief analysis, we.can easily say which of the pair of events is not mutually exclusive.
1. Rolling a 4 on a six-sided die and on a four-sided die
It's 100% possible to have an outcome of 4 when a 4 sided die and when a 6 sided die are rolled, whether at the same time or on different occasions. So, this pair of events are not mutually exclusive
2. Making rice and making corn
This pair of events are not mutually exclusive because it's possible to make rice and corn at the same time either together as a meal or separately using different cooking utensils
3. Sleeping in late and waking up early
This pair of events are mutually exclusive. This is so because literally, it's not possible to sleep late and wake up early at the same time.
You sleep early to wake early and you sleep late to wake late.
4. Going to work and riding the bus.
This pair of events are not mutually exclusive because they can occur at the same time when you go to work a bus.
So, option C is the correct answer
Answer:
$18,000
Explanation:
The computation of the amount of manufacturing overhead is shown below:
But before that first determine the overhead rate which is
= $30,000 ÷ 2,000
= $15
Now the amount of manufacturing overhead applied for Job A-101 is
= $1,200 × $15
= $18,000
Hence, the amount of applied manufacturing overhead is $18,000
