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Sonbull [250]
2 years ago
10

Looking to invest in his first pair of dress shoes, Sean is deciding between a pair of slip-on shoes and a pair of traditional l

ace-up wingtips. In this case, the slip-ons cost $50 more than the wingtips. Which of the following should be included in the opportunity cost of buying the slip-ons?
a. the classic, snazzy look that comes with wearing wingtips.
b. the pride that comes with wearing a pair of wearing wingtips Alden shoes.
c. the savings that would come from buying the wingtips.
d. the no-lace convenience of slip-ons.
e. the money that would be spent to buy the wingtips.
Business
1 answer:
I am Lyosha [343]2 years ago
5 0

The option that should be included in the opportunity cost is <u>c. the </u><u>savings </u><u>that would come from </u><u>buying </u><u>the </u><u>wingtips</u><u>.</u>

<h3>What is Opportunity Cost?</h3>
  • Arises from the fact that scarcity forces us to pick an alternative over another.
  • Is quantified as the benefit of an alternative that is foregone when we pick another alternative.

The benefit that would be foregone in picking the slip-ons would be the $50 saving that Sean would have made had he picked the wingtips.

In conclusion, option C is correct.

Find out more about opportunity cost at brainly.com/question/623811.

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Answer: in a federal court, since the United States is a party to the litigation.

Explanation:

Based on the scenario in the question, in case Hickory Manufacturing elects to sue the United States in order to get back the $24700 federal tax refund which wasn't given to the company, it must be done in a federal court because the the IRS is a federal administrative agency and hence, the matter can't be pursued in the North Carolina state court.

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Answer:

The correct answer is B) low-cost provider strategies, broad differentiation strategies, best-cost provider strategies.

Explanation:

A competitive advantage allows one company to produce or sell goods more effectively than another company. For that reason, entrepreneurs always try to develop competitive strategies that help them maintain that advantage.

According to researcher researcher Michael E. Porter, there are at least four types of competitive strategies: differentiation, cost leader, low cost approach, and low cost differentiation. Each entrepreneur can use one of these standard strategies or develop his own strategy since flexibility is an important characteristic of competitive strategies, although the reality is that most companies use one of these four generic strategies.

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3 years ago
A mask company set up a hospitality tent outside the Olympics arena. Its goal was to eoncourage patrons to view it as an Olympic
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Answer:

e) $93,097

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Interest for 1st year =$8,000

Principal repayment for 1st year = $14,903 - $8,000

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