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aleksklad [387]
3 years ago
5

Looking to invest in his first pair of leather dress shoes, sean is deciding between some alden slip-ons and some allen edmonds

wingtips. the aldens are more expensive. what is included in the opportunity cost of buying the aldens?
Business
2 answers:
lana66690 [7]3 years ago
8 0

Answer

The saving that would come from purchasing the wingtips and the aesthetic of the wingtips

Explanation

The benefit and value of a good or service that must be given up to obtain something else is the opportunity cost. The benefit is missed when another choose is made over the other. I this case, the buyer include his or her taste and preferences in deciding to take the aldens type of shoe and leave the allen.


Simora [160]3 years ago
7 0

The savings that would come from buying the wingtips

The classic, snazzy look that comes with wearing wingtips

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horsena [70]

Answer:

Option A, “the substitution effect dominates the income effect” is correct.

Explanation:

If the real wage increases then the opportunity cost for leisure will also increase. Therefore, an increase in real wages and a rise in the opportunity cost of leisure induce labor to supply more workforce or labor force. This is known as the substitution effect. Moreover, when this substitution effect is greater than the income effect then the supply curve for labor is upward sloping.

6 0
3 years ago
1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted d
melamori03 [73]

Answer:

a. $17.44 per hour

b. $43,600 ; $104,640

Explanation:

The computation is shown below:

a. Single plantwide overhead rate equals to

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where,

Total overhead amount is

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= $2,180,000

And, the budgeted direct labor hours is 125,000

So, the overhead rate is

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= $17.44 per hour

2. Now the overhead cost is

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Answer:

An opportunity.

Explanation:

Businesses conduct a SWOT analysis when they want to identify their internal weaknesses and strengths, it is also used to identify external opportunity and threats.

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In this scenario Hutchinson Essar obtained a 5.6% stake in Airtel fr Vodafone. This transaction resulted in movement of knowledge and technology previously available to Airtel to one of its competitors.

This was an opportunity for Hutchinson Essar.

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