Answer:
$9,200
Explanation:
The computation of the opportunity cost of going to summer school is presented below:
= Summer tuition fees and cost of books + earning if working somewhere
= $2,200 + $7,000
= $9,200
In order to determine the opportunity cost, we considered the summer tuition fees & books cost and earnings
And, the summer rent is a fixed cost so it would not be included.
Answer: A -Raoul asks Wendy if she would be willing to sell her first-edition copy of War and Peace.
Explanation: An offer is a legal term used in a contract. An offer is made by an intending buyer to an intending seller regarding a product or service.
The offer is a legal question that is asked by a willing buyer if the seller of the product would consider selling it or not.
An offer can be accepted or declined by the person being made the offer.
Answer:
A
Explanation:
Contribution margin is used to determine the profitability of a product. it is price less variable cost
Contribution margin = price - variable costs
Price = revenue / quantity sold
$440,000 / 11,000 = 40
Variable cost = total variable cost /output
$110,000 / 11,000 = 10
contribution margin = 40 - 10 = 30
Answer:
Yes, this is an increase in demand
Explanation:
Demand increased from 10 watches per week to 35 watches per week.
This is an increase in demand and it was induced by the drop in price from $75 to $50.
Consumers tend to buy more at lower price and tend to reduce their demand at higher price. This is the law demand.
Higher price reduces consumers' purchasing power.
She will be better of with a 1.3 percent interest compounded monthly
