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
The financing section of a cash budget is needed if there is a cash deficiency or if the ending cash balance is less than Entry
WITCHER [35]

Answer:

A. Management's minimum required balance.

Explanation:

The minimum balance is the minimum dollar sum that a client must have in an account to get some service benefit, for example, keeping the account open or getting premium.

4 0
3 years ago
This type of managerial planning often involves asking the questions of who, what, where, why and how.
NNADVOKAT [17]
Political Frame is a management style entailing those features.  This answer is needlessly verbose by site requirement.
4 0
3 years ago
In a lease contract, the party to whom the rights to use the asset are granted is called the:____.
lesya692 [45]

A lease is a contractual arrangement where one party, called the lessor, provides an asset for use by the other party, referred to as the lessee, based on periodic payments for an agreed period. The lessee pays the lessor for the usage of the asset or property

The landlord is the party to the lease who owns the property and leases it to the tenant as a rental property for temporary possession. For example, in a rental house, the landlord is the landlord and the tenant is the tenant.

A lessor is either an individual or a legal entity such as a company or organization. The lessor is always the owner of the property. For example, for a car, the lessor can be the owner or car dealer who rents the car. The lessee is always the person who uses the property temporarily

Learn more about lessors here

brainly.com/question/14631319

#SPJ4

6 0
2 years ago
Burke Co. is considering the issue of commercial paper and would like to know the yield it should offer on its commercial paper.
WARRIOR [948]

Answer:

8.5%

Explanation:

The computation of the percentage offer on its commercial paper is presented below:

= Annualized T-bill rates + credit risk premium +  liquidity premium

= 8% + 0.3% + 0.2%

= 8% + 0.5%

= 8.5%

In order to determine the percentage offer it would be 8.5% by considering all the percentage rate that is mentioned in the question

4 0
3 years ago
A(n) __________ is prepared as part of the human resource planning process, and indicates the characteristics and qualifications
Vesnalui [34]

Answer:

c. human resource inventory

Explanation:

The human resource inventory is the inventory of employees skills and capabilities which represents their qualifications, experience, knowledge, personality, age, gender, interest, salary package etc in order to get a better idea about the person who is coming for an interview

So according to the given situation, the characteristics and qualifications of the organization's labor force represents the human resource inventory

4 0
3 years ago
Other questions:
  • A stadium estimates its administrative costs for three sponsorships to be $12,000, $27,000, and $63,000. Revenue from the sponso
    14·2 answers
  • When defining the issue for which a decision has to be made, framing the issue in a positive way _____. a. Allows everyone to fe
    12·2 answers
  • Which of the following items represents a document that includes detailed information on when an incident was detected, how impa
    5·1 answer
  • Does osha approve individual states to have their own safety and health programs?
    13·1 answer
  • Bonita Industries purchased a depreciable asset for $174500. The estimated salvage value is $14300, and the estimated useful lif
    8·1 answer
  • Which of the following statements is not correct? Employees have limited protection against surveillance by employers.
    7·1 answer
  • The management of Kawneer North America is considering investing in a new facility and the following cash flows are expected to
    6·1 answer
  • Knowledge Check 01The difference between absorption costing net operating income and variable costing net operating income can b
    5·1 answer
  • The fixed costs of doing business include
    6·1 answer
  • May someone pls help and fast???
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!