Answer:
c. the cost of driving the next 25 miles, but not the cost of driving the first 500.
Explanation:
500 miles already have been driven and all the cost incurred before is considered to be sunk cost for the decision to be made. Any additional cost to change the decision or make the decision will be the opportunity cost of that event. In this example only 25 miles cost will be an opportunity cost of visiting the attraction never been visited before.
Answer:
Option (b)=112 units of output was produced in 2013
Explanation:
Returns of scale refers to how much output changes given a proportional change in input, where the input changes by a constant factor.
This can be represented by the equation;
Input 2=Constant×Input 1
where;
Input 1=100 units of Labor+50 units of capital=100l+50c
Constant=k
Input 2=112 units of Labor+56 units of capital=112l+56c
Replacing;
112l+56c=k×(100l+50c)
Since k is a common factor which when multiplied by the input 1 labor and capital equals input 2 labor and capital, it can be calculated as;
k=(Input 2 labor units/input 1 labor units)=(Input 2 capital units)/Input 1 capital units)
k=(112l/100l)=(56c/50c)=1.12
To calculate the output for input 2;
Output 2=k×Output 1
where;
Output 1=the output produced by input 1=100 units
k=constant returns=1.12
Output 2=the output produced by input 2=x
Replacing;
x=100×1.12
x=112 units
Output 2=112 units
112 units of output was produced in 2013
Answer:
e) $23.89
Explanation:
The question is to determine the value of Canine Crates stock today based on a return rate of 13%
The first step is to determine the yearly value based on the dividend for three years as follows
D1= The annual dividend x 2 ( since Canine Crates plans to double the amount each year for three years
D1= $0.45 x 2 = $0.9
D2= $0.90 x 2 = $1.80
D3= $1.80 x 2 = $3.60
Based on these calculations, we calculate the value of the stock by adding the present values of the dividend of each year.
This is based on the following formula
Dividend per year / (1+r)∧n
= Dividend per year
r = required rate
n= period
Value of the stock = $0.9 / (1.13) + $1.80 / (1.13)∧2 + $3.60/ (1.13)∧3
The value of the stock = $23.89
When the recovered copper product was washed repeatedly with water, the compounds that were removed during those washes are : Aluminum III ions and CuSO4.
The recovered copper product was washed out with ethanol because it has low evaporation point.