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n200080 [17]
2 years ago
10

The opportunity cost of an item is?​

Business
1 answer:
Tanzania [10]2 years ago
3 0

Answer:

The idea behind opportunity cost is that the cost of one item is the lost opportunity to do or consume something else; in short, opportunity cost is the value of the next best alternative. Click to see full answer Herein, what is opportunity cost give example? Opportunity cost is the profit lost when one alternative is selected over another.

Explanation:

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Required information Skip to question [The following information applies to the questions displayed below.]
Dimas [21]

Answer:

($148 million)

Explanation:

Calculation to determine Rapid Pac’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021

Cash flow from Investing activities ($ Million)

Proceeds from sale of land 12

Purchase of Investment (160)

Net cash inflows (outflows) from Investing activities ($148)

Therefore Rapid Pac’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021 will be ($148 million)

8 0
3 years ago
What is the difference between a savings account and a certificate of deposit?
Alecsey [184]
A savings account you can redraw from, while a certificate of deposite has to be left alone for a certain while, and it ussually gains more interest.
6 0
3 years ago
One reason why the average salary of Major League Baseball players is higher than the average salary of college professors is th
alexdok [17]

Answer:

the marginal revenue product of baseball players is greater than the marginal revenue product of college professors.

Explanation:

Baseball players are responsible for a baseball teams' revenues, and they add up billions of dollars per year. For example, Max Scherzer sells jerseys, caps and other merchandise for millions of dollars, and his team winning the World Series this year increases the team's revenue greatly. Sometimes even without winning a championship some players still generate lots of revenue.

An individual's salary should be proportional to the revenue that they generate. Colleges have huge amounts of revenue, and college professors are responsible for a large portion of it.

The problem hear is that there are a lot of college professors and assistants, and the revenue must be split between many people. For example, Harvard University's revenue is about $5.5 billion per year, but it has over 16,000 employees (including about 2,400 professors).

7 0
3 years ago
Which of these individuals is an entreneur ?
wlad13 [49]

Answer:

A. a computer programmer who starts her own software Company

Explanation:

Entrepreneurship is the process through which new businesses are started. An entrepreneur is a person who takes risks by committing their time and resources to start a business.

The computer programmer is the entrepreneur in this case. She is starting a new software business. Other than her computer skills, she will need to be creative and innovate to develop products that will appeal to customers. She will take all risks of her new business but also stand to enjoy its success.

7 0
3 years ago
The following amounts were selected from the production report of Chandon Corporation: Actual units in production 42,000 Equival
SpyIntel [72]

Answer:

Total cost is equal to $81300

So option (c) will be correct answer.

Explanation:

Actual unit of production = 42000

Cost of per equivalent material = $1.10

Equivalent cost of material = =42000\times1.1=46200$

Equivalent cost of labor = =39000\times 0.9=35100$

Therefore total cost of production = $46200+$35100 = $81300

So total cost will be $81300

Therefore option (c) is the correct answer

5 0
3 years ago
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