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lawyer [7]
2 years ago
14

Latasha is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence:

Because her pool sessions are helping her swim more quickly, Latasha plans to reduce by 1 hour per week the time she spends training on the bike and increase by 1 hour the time she spends in the swimming pool; however, her husband says that she should stop doing any biking and running and spend all 20 hours per week in the pool. Which basic principle of individual choice does Latasha's plan illustrate that her husband's advice does not?
a. People usually exploit opportunities to benefit themselves.
b. All costs are opportunity costs
c. Resources are scarce.
d. Many decisions are taken using marginal thinking
Business
1 answer:
andreev551 [17]2 years ago
3 0

The principle that Latasha caters for that her husband does not is that <u>d. Many </u><u>decisions </u><u>are taken using </u><u>marginal thinking. </u>

<h3>Marginal decision making</h3>
  • Involves making decisions based on the marginal costs and benefits.
  • A person will make a decision that has more benefits than costs.

By swimming more, Latasha would make get the benefit of being better at something she is already good at. If all she does is swimming however, she would incur costs of losing out in the other activities which would surpass the benefits of being good in swimming alone.

In conclusion, option D is correct.

Find out more about marginal decision making at brainly.com/question/13764545.

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In January the price of dark chocolate candy bars was $2.00, and Aji’s Chocolate Factory produced 80 pounds. In February the p
Natalija [7]

Answer:

a. Calculate the price elasticity of supply for Aji's Chocolate Factory in February

  • 1.5 elastic

b. Calculate the price elasticity of supply for Aji's Chocolate Factory in March

  • 1.36 elastic

c. If Aji's Factory is nearly at full capacity of production in March, what will happen to Aji's Factory price elasticity of supply in April?

  • If the company is producing at full capacity, then its price elasticity of supply will be perfectly inelastic even if the price increases. This is because any increase in price will not affect the quantity supplied because the company cannot increase it even if they wanted to.

Explanation:

price elasticity of supply = % change in quantity supplied / % change in price

It measures the proportional change in the quantity supplied that producers will make given a 1% change in the price of their product.

PES February = [(110 - 80)/80] / [(2.5 - 2)/2] = 0.375 / 0.25 = 1.5

PES March = [(140 - 110)/110] / [(3 - 2.5)/2.5] = 0.273 / 0.2 = 1.36

4 0
3 years ago
AIE Industries plans to purchase a new delivery truck for $250,000. The company has been quoted an annual rate of 6.5 percent wi
Svetllana [295]

Answer:

a. AIE will have to borrow $25,5102.04  

b. The Effective Rate on this Loan is 6.63%

c. If AIE can convince the bank to remove the compensating balance requirement the  effective rate is 6.50%

Explanation:

In order to calculate how much will AIE have to borrow we would have to use the following formula:

Amount to be borrowed = Cost of Truck / (1 - Compensating balance)

Amount to be borrowed = $250000 / (1 - 0.02)

a. Amount to be borrowed = $25,5102.04

In order to calculate the effective rate on this loan we calculate the following:

Effective Rate on this Loan = Interest / Amount received

Effective Rate on this Loan = 16581.63 / 250000

b.  Effective Rate on this Loan = 6.63%

c. If AIE can convince the bank to remove the compensating balance requirement the Effective rate = annual rate, hence the effective rate is 6.50%

5 0
3 years ago
Oriole Company has the following transactions related to notes receivable during the last 2 months of the year. The company does
NikAS [45]

Answer:

See explanation

Explanation:

Nov. 1   Notes receivable - C. Bohr        Debit        $52,200

            Cash                                            Credit       $52,200

To record the loan provided to C. Bohr issuing a 7%, 12-month note.

Dec. 11  Notes receivable - K. R. Pine     Debit        $1,800

            Sales revenue                            Credit        $1,800

To record the sales revenue by issuing a 8%, 90-day note.

Dec. 16  Notes receivable - A. Murdock           Debit        $4,800

             Accounts receivable - A. Murdock     Credit        $4,800

To record the settlement of an open account by issuing a 180-day, 10% note.

Dec. 31   Interest Receivable           Debit       $681 (Note - 1)

              Interest Revenue               Credit      $681

To record the interest revenue accrued on December 31.

Calculation:

November 1 Interest from C. Bohr =  $52,200 × 7% × (2÷12) = $609

December 11 Interest from K. R. Pine = $1,800 × 8% × (20÷90) =  $32

December 16 Interest from A. Murdock = $4,800 × 10% × (15 ÷ 180) = $40

Total Interest = $681

5 0
3 years ago
Normally a demand curve will have which shape?​
grandymaker [24]

Answer:

Normally a demand curve will have downward sloping shape.

Explanation:

The demand curve is downward sloping, indicating the negative relationship between the price of a product and the quantity demanded.

5 0
3 years ago
3. Come up with a set work period, such as one day or one week. State how many of
Ymorist [56]

Based on the information given, the products that will be taken into consideration will be making shirts and making socks.

<h3>Solving the set work period.</h3>

From the complete question, the products that will be produced are shirts and socks.

The inputs to product 1 are fabric, sewing machine printing machine, and time. The inputs to product 2 are fabric, time, and sewing machine.

The set work period will be 140 shirts can be made and 100 socks can be made as well.

Learn more about set work period on:

brainly.com/question/24318670

5 0
2 years ago
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