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
andreev551 [17]
2 years ago
12

A contractor must decide between two jobs. One job is a bathroom renovation in a residential home. The other is the construction

of a
new detached garage. What is a potential opportunity cost if the contractor decides to do the bathroom?
A. the cost of materials and labor for the garage job
B. the net profit of installing the garage
C. the cost of materials and labor for the bathroom
D. the net profit of remodeling the bathroom
Business
1 answer:
PtichkaEL [24]2 years ago
8 0

Answer:

B: The net profit of installing the garage.

Explanation:

The opportunity cost is the next best thing that you could be doing but chose to give up in order to do something else. For example, if I chose to spend the day studying for a test, I won't have as much time to watch cat videos, hang out with my friends, or work on the website I'm coding. Since I love coding more than anything in the world, the time I could've spent coding is the opportunity cost of choosing to study.

A and C can be safely eliminated because they are describing the business expenses of the contractor, not what they could be missing out on if they choose to renovate the bathroom. In this case, D wouldn't make any sense since they wouldn't be missing out on any profits from the bathroom project at all. Therefore, the correct answer is B. The contractor can't be in two places at once, and by choosing the bathroom, they're passing up the opportunity to work on the garage and any resulting profits.

You might be interested in
If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the reciept of cash would be journal
Andru [333]

If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the receipt of cash would be journalized as  Debit Cash, credit Unearned Revenue.

A receipt is documentation that something was purchased and paid for. If you plan to return something you purchased, you usually need it. On business trips, people keep track of their receipts so that their employers can reimburse them for any expenses they incurred. A less common usage of the word receipt is as a verb, as in "The clerk receipted my purchases," which means that the clerk provided written evidence that the things were paid for. Receipts are given out in business-to-business transactions as well as stock market transactions, in addition to the receipts that customers normally obtain from vendors and service providers. Both transactions on the stock market and business-to-business exchanges issue receipts. Furthermore, receipts are required as verification of some expenses for tax purposes.

Learn more about receipt here

brainly.com/question/9740546

#SPJ4

7 0
1 year ago
Functions are often described as cause and effect in economics. In an economics function, if the variable is on the right-hand s
12345 [234]

Answer:

It represents a cause

Explanation:

If it is on the right side of the function it means that it is one of the independent variables that explains the dependent variable (located on the left side of the function). What the function is representing is the influence that the independent variable (the cause of the dependent variable) has on the dependent variable (the effect that the cause or causes are being sought).

4 0
3 years ago
A string or rope will break apart if it is placed under too much tensile stress. Thicker ropes can withstand more tension withou
kifflom [539]

Answer:

a. radius = 0.0006m = 0.6mm and length =0.393m = 393mm

b. frequency =377.86Hz

Explanation:

Given:

mass of steel= 4g = 0.004kg

density of steel = 7890kg/m3

tensile stress of steel 7.0x10⁸

tension load =900N

from the density, we will calculate for the Volume of the steel string

density = mass/volume

volume = mass/density = 0.004/7890 = 5.07 x 10⁻⁷ m³

from the tensile stress will can get the maximum base Area of the string ,

tensile stress = load/area =

7x10⁸ = 900/A

A = 900/7x10⁸ = 1.29x10⁻⁶ m²

Area = πr²

area/pi = 4.105x10-7

radius = 0.0006m = 0.6mm

volume = Area x length

length = vol/area =(5.07 x 10⁻⁷ m³)/1.29x10⁻⁶ m² = 0.393m

b. the highest possible frequency is given by:

F = \frac{\sqrt{\frac{T}{m/L} }}{2L}

where T= tension, m=mass, L=length

F = \frac{\sqrt{\frac{900}{0.004kg/0.393m} }}{2*0.393m}

= 297.04/0.786

frequency =377.86Hz

4 0
3 years ago
If the purchase and sale of a currently illegal drug (for example, marijuana) were decriminalized, economists would expect:
Masteriza [31]

Answer:

A. An increase in demand and supply of this drug.

Explanation:

In this case, if marijuana were to decriminalized, demand would be skyrocket in the short-term. It will achieve equilibrium once it is set to be recreational use only.

6 0
3 years ago
Match each retail term with the correct definition
katen-ka-za [31]

Answer:

what retall terms

Explanation:

8 0
2 years ago
Other questions:
  • Unlike advertising, public relations Multiple Choice supports promotional efforts by generating free media attention and goodwil
    12·1 answer
  • ​John, a purchasing​ agent, is offered an​ all-expense paid trip to Hawaii by a supplier if he agrees to award a substantial amo
    8·1 answer
  • A pet shop owner had a parrot with a sign on its cage that said "Parrot repeats everything it hears". Davey bought the parrot an
    12·1 answer
  • What is the amount of money you still owe to their credit card company called? ACredit Card Limit BCredit Card Balance CCredit C
    5·2 answers
  • Han Products manufactures 37000 units of part S-6 each year for use on its production line. A this level of activity, the ost pe
    13·1 answer
  • I am 16 1/2, I live in southern California and want to get a job in the summer is there any way to go about that?
    12·2 answers
  • which result is a positive aspect of globalization a.intense competition b. decreased profit margins c. increased cooperation co
    11·1 answer
  • Before negotiating a long-term construction contract, build- ing contractors must carefully estimate the total cost of completin
    15·1 answer
  • C Co. reported a retained earnings balance of $200,000 at December 31, 2020. In September 2021, C determined that insurance prem
    8·1 answer
  • Your real estate agent mentions that homes in your price range require a payment of $1,200 per month for 30 years at 0.75% inter
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!