Answer:
B. Watching TV
Explanation:
Opportunity Cost is the cost of <u>next best alternative</u> forgone while choosing an alternative.
Eg: If I can consume apples & oranges, I like apples more than oranges. The opportunity cost of apples consumption is the next best option i.e oranges forgone.
As per given preferences : Book Reading > Watching TV > Listening Music
( '>' refers to preferred over)
The opportunity cost of Book reading is the next best option sacrifised i.e Watching TV.
Answer:
The expected profit from the addition is $47,000
Explanation:
Total Addition can be calculated by netting expected values of all situations as follow:
Expected value = %Chance x additional Profit/loss
i Expected profit = 50% x $100,000 = $50,000
ii Expected profit = 30% x $0 = $0 (Profit is same there is no addition)
iii Expected profit = 20% x ($15,000) = ($3,000)
The expected profit from the addition = $50,000 + ($3,000) = $47,000
Answer:
Answer - 1
Activities are of two kind worth included exercises and non esteem included exercises. So non esteem increased the value of the item in this manner ought to be decreased. In any case, few non esteem included exercises are basic non esteem included exercises which implies these are vital so as to conform to standard requirements.The exercises like review, checking, reworking,reporting are significant during the time spent creation. These are significant for the procedure of responsibility. These don't enhance the movement yet at the same time it is imperative to convey these exercises on the grounds that these will assist with giving the correct item to the client.
So when the parts are gotten at dock it is essential to investigate them in light of the fact that to know are the items are in acceptable condition, regardless of whether those are harmed/imperfect or not. Is the amount requested is gotten or less is gotten. So review is extremely significant else whatever is gotten will be acknowledged which will make the organization item imperfect.
Presently the item was reviewed again before being introduced in definite item this is likewise a basic non esteem included action, on the grounds that to satisfy the standard set for the item we need to assess that correct segment is introduced in conclusive item. Let say if the representative don't investigate and wrong item is introduced in the last item than the inadequate item will be made which is having more misfortune than the expense of review.
So as per me these are fundamental non esteem added action which should be done so as to consent to administrative or set guidelines.
Answer - 2
Redundancy can't as assessment is an action which should be conveyed with the goal that we get right segment in first circumstance and in second circumstance don't create deficient item.
Answer - 3
My responsibility is to make them sure that their job is likewise important during the time spent creation so need not stress that they will lose the positions. I will specify that what kind of movement you are doing and how it will support the association.
Answer - 4
The realities which we ought to consider that is this movement avoidable or not and is it significant during the time spent delivering merchandise, will it help to give the item with right detail to clients. Will it be useful to maintain administrative prerequisites. All the standard particular are met. So according to this what I ought to consider in report is to make reference to the importance of assessment exercises as fundamental non esteem included exercises which ought not influence the activity of at least one workers.
Answer:
True
Explanation:
The statement is true.
Suppose a consumer purchases a bundle of goods, say 40 units with his given money income of $1000.
Now, if there is a fall in the price level of the goods then this will increase the purchasing power of the consumer and hence he will be able to buy more quantity of goods, say 60 units with the same level of money income i.e $1,000.
This illustrates that as the price level falls, the purchasing power of the consumer increases or we can say that holders of money become richer.
Answer:
I wouldn't invest.
Risk preference at least 50-50 chance of gain and loose
Explanation:
case of success the return i get is $40000
case of failure i lose $20000.
My analysis shows P40=0.3 of success
And P-20=0.7 of failure.
The probability of a loose is much bigger than the probability of a gain.
So I can't bear the loose of loosing 7 times if about 20000 and gaining 3 times of about 40000 it doesn't balance.
My loose accumulating to 140000
While my gain is 120000.
I can't invest
