1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gelneren [198K]
3 years ago
9

If the best surgeon in town is also the best at cleaning swimming pools, then according to economic reasoning, this person shoul

d
Business
1 answer:
dedylja [7]3 years ago
4 0

Answer:

specialize in being a surgeon because its opportunity cost is lower.

Explanation:

Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Assuming the best surgeon in town is considered to be the best at cleaning swimming pools, then from an economic perspective and reasoning, this person should specialize in being a surgeon because its opportunity cost is lower.

This ultimately implies that, the benefits, profits or value associated with cleaning swimming pools i(alternative forgone) is lower compared to what is obtainable from being a surgeon.

You might be interested in
Bond Calculations: 1) Avon Products Note 06.5% Coupon: 6.500% Maturity 5 years Rating: Moodys: BAA3 Price: $108.093 Calculate: Y
rewona [7]

Answer:

Answer for the question:

Bond Calculations: 1) Avon Products Note 06.5% Coupon: 6.500% Maturity 5 years Rating: Moodys: BAA3 Price: $108.093 Calculate: Yield to maturity S&P: BBB- 2) SAFEWAY INC SR NT 5.00000% Coupon: 5.000% Maturity: 5 years Rating: Moodys'BAA3 Price: $101.180 S&P: BBB a) Calculate: Yield to maturity b) Suppose the bond is callable in 3 years at $ 110. Using the price above find the yield to call Hint: use the FV to be $110 instead of $ 100. And the time to maturity 3 years instead of 5 years

Is given in the attachment.

Explanation:

3 0
3 years ago
Jodi just described how Best Buy's new program required a very different way of defining work. Because the hours are no longer i
Dvinal [7]
I think that Best Buy would include these requirements in the employment conditions so that prospective new employees will know what is expected of them to be able to choose the times they work, exercise time managment and be as independent as possible.
4 0
3 years ago
What are the steps an Involver follows for planning
Alex17521 [72]

Answer:

Explanation:

Ready to speed things up?*

* For less than the price of a sandwich. Yum.

“This app is so much more than I expected. I was just needing help to figure out a math problem, but I was surprised with what I found.”

Katie B, 7th grade student

Get ahead of the class with Brainly Plus!

Skip the ads

No vids, no banners. You'll get to fly through answers as fast as you want.

Get faster answers

Your question will go to the front of the line whenever you ask one.

Achieve higher grades

84% of Brainly Plus students get better grades. You can be one of them.

Question

What are the steps an Involver follows for planning

6 0
3 years ago
Emily has used this file format many times, as it is suitable for photographs, and highly compressed, which makes it a good idea
katrin2010 [14]
<span>JPEG There are a lot of different file compression formats that are usable for images, but the most likely one Emily is using is JPEG. The amount of compression you can get from JPEG is configurable as an input parameter where you can get more compression by losing more fine detail. At moderate levels of loss, you can get extremely high compression ratios. One of the major problems is that JPEG does not do well when you expand a compressed image, edit it, then compress the edited result. Because of this, for picture editing purposes, a lossless compression format is recommended for original images that may be edited in the future.</span>
6 0
3 years ago
This problem has been solved!
andreyandreev [35.5K]

Answer:

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.  

The net sales would be = Sales revenue - sales discount - sales return and allowances

= $39,000 - $1,950 - $1,755

= $35,295

The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

4 0
3 years ago
Other questions:
  • Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic ini
    6·1 answer
  • Teall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard mac
    7·1 answer
  • A group health plan that saves you money on health insurance is an example of a/an _____.
    6·2 answers
  • Which of the following are generally considered to be uncontrollable government expenditures?
    7·1 answer
  • 23. What law states that a decrease in price brings about an increase in the quantity<br> demanded?
    6·1 answer
  • For more than two decades, Intel was the lead manufacturer of microprocessors. In fact, more than 80% of all computers had an In
    9·1 answer
  • Antone Company sells office equipment on July 31, 2017, for $21,000 cash. The office equipment originally cost $72,000 and as of
    9·1 answer
  • Tyler has been operating his business as a sole proprietorship but decides that it is too much work for him to do alone. He does
    9·1 answer
  • The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs
    15·1 answer
  • Joe is currently in consumer equilibrium by consuming cheese and crackers, such that the last cracker consumed yielded 8 utils a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!