Which best diagrams the correct obstacle to the example?

Describe a decision that you or your company made that involved opportunity costs that should have been considered. Why did your

Kaylis [27]

Answer:

Explanation:

My E-Commerce business has two main decision-makers. As a team, we had a budget of $1000 USD which we decided to use on marketing. We ultimately decided on placing banner ads on 2 popular sites that matched our products. Doing this we missed out on other opportunity costs such as adding another product line and marketing sample products to popular influencers. Both of which should have been considered because they could have just as easily brought as many or even more customers than having placed the ads.

4 0

3 years ago

Sugar Cane Company processes sugar beets into three products. During September, the joint costs of processing were $150,000. Pro

aev [14]

Answer:

The description as per the given question is described below.

Explanation:

The given value is:

Joint costs of processing,

= $150,000

According to the question,

The ratio of sale value will be:

= $40,000:35,000:25,000$

= $8:7:5$

On adding we get,

= $8+7+5$

= $20$

hence,

The amount of joint cost allocated to each product will be:

Sugar,

= $150000\times \frac{8}{20}$

= $60,000$ ($)

Sugar syrup,

= $150000\times \frac{7}{20}$

= $52,500$ ($)

Fructose syrup,

= $150000\times \frac{5}{20}$

= $37,500$ ($)

5 0

3 years ago

Study the data below and answer the questions that follow. A, B and C represent three countries: Germany, Pakistan and China (al

Mrac [35]

Answer:

(a) The countries are

A is China

B is Germany

C is Pakistan

(b) Based on the table's data,

The employment structure for A is 9% Agriculture, 47% Manufacturing, 44% services, where the labor force by sector for Germany is given as 25.1% through agriculture, 27.5% through (manufacturing) industry and 47.4% through services, based on 2019 statistics, which is not in correlation with the given table data with the same metric

However, the GDP by sector for China is given as 7.9% through agriculture, 40.5% through (manufacturing) industry and 51.6% through services, which is in correlation with the given table data although different metrics but in terms of reflective nature of the economic spending and per capita income

The employment structure for B is 1% Agriculture, 28% Manufacturing, 71% services, where the labor force by sector for Germany is given as 1.4% through agriculture, 24.2% through (manufacturing) industry and 74.3% through services, based on 2016 statistics, which is in correlation with the given table data with the same metrics

The employment structure for C is 22% Agriculture, 24% Manufacturing, 54% services, where the labor force by sector for Pakistan is given as 37.4% through agriculture, 24.0% through (manufacturing) industry and 38.6% through services, with an employment rate of of 48.9% based on 2018 statistics, which is in correlation with the given table data with the same metrics

Explanation:

5 0

3 years ago

Wilson Corporation sells an industrial solvent at a normal selling price of $100 per barrel. The variable cost per barrel is $40

Ivenika [448]

Answer:

$ 90000

Explanation:

Given :

The normal selling price of an industrial solvent by Wilson Corporation = $ 100 per barrel.

The variable cost per barrel = $ 40

Total fixed cost of the company = $ 900,000 per month.

Number of barrels in excess = 30,000 per month

Number of barrels the buyer wants to buy = 5000 barrels

New fixed cost = $ 60,000

The increased variable cost is $ 10 per barrel over the normal variable cost.

Now if this special order is accepted, the operating income of the company would increase by an amount of $ 90,000.

8 0

3 years ago

Suppose that when the price of jelly rises by 20%, the quantity of peanut butter demanded at the current price of peanut butter

hodyreva [135]

Answer: 0.2

Explanation:

Income elasticity of demand refers to the amount that the quantity demanded for a good changes by in response to a change in income.

The formula is therefore:

= Percentage change in quantity demanded of Peanut butter / Percentage change in income

= 2% / 10%

Income elasticity of demand = 0.2

3 0

3 years ago