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ioda
2 years ago
9

Suppose your school is considering whether to spend $20 million building a new state- of-the-art recreation facility. All of the

students agree that the existing facility is in disrepair and that a new facility would be much nicer. Despite this, however, when students are asked to vote on whether they would like the school to build the new recreation facility, over 78% vote no. Why might such a large fraction of students vote no even though they all agree that a new recreation facility would be much nicer than the existing one?
Business
1 answer:
tigry1 [53]2 years ago
5 0

Based on economic theory, a large number of students would be voting no due to the fact that they would prefer that the amount was spent in a different way.

<h3>What is the theory of opportunity cost?</h3>

This is the theory that states that a person would have to forgo benefits that they would have enjoyed from an option given that they chose another option.

Most of these students voted no due to the fact that they have considered a different option that the money could have been spent on.

Read more on opportunity cost here:

brainly.com/question/481029

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BigFoot is a new online shoe retailer that just hit the market. If a customer chooses to shop at BigFoot rather than Zappos, thi
Anna007 [38]

Answer:

<u>Threat of new entrants.</u>

Explanation:

Porters Five Forces includes;

  1. The bargaining power of customers,
  2. The threat of substitute products or services and others,
  3. The bargaining power of suppliers,
  4. Competitive rivalry and finally,
  5. Threat of new entrants.

However, it is the threat of new entrants scenario we find in Bigfoot's case because Zappos is experiencing reduced market share because of the new entrant (Bigfoot).

3 0
3 years ago
Oriole Company has the following budgeted sales: January $210000, February $260000, and March $220000. 40% of the sales are for
statuscvo [17]

Answer: The total expected cash receipts during March is $232000.

Explanation:

Given that,

Budgeted sales in January = $210000

Budgeted sales in February = $260000

Budgeted sales in March = $220000

40% of sales are for cash and rest 60% are on credit

Total cash receipts during march = cash sales in the month of march + Credit sales in the month of February + Credit sales in the month of march

= 40% of 220000 + 260000 × 60% × 50% + 220000 × 60% × 50%

= 88000+78000+66000

= $232000

Therefore, the total expected cash receipts during March is $232000.

6 0
3 years ago
Julius asks Rachel if she would like to sell her boat. Rachel privately has no interest in selling her boat, and believes that J
ryzh [129]

Answer:

C) formed a valid contract because Rachel's outward expressions showed the formation of a contract.

Explanation:

A valid contract is a binding and enforceable agreement, where all parties are legally bound to perform the contract.

Probably the most important part of a contract is the existence of an offer and acceptance. Once a valid offer is accepted, it binds the parties into a valid contract.

In this case, Rachel accepted Julius´s offer to buy her boat, so an offer and acceptance exists.

5 0
3 years ago
Which quote best represents a person performing a cost-benefit analysis​
sergiy2304 [10]
I need help on that too
4 0
3 years ago
A graph titled Change in U S Unemployment and Inflation from 1971 to 2001 has the year on the x-axis and percentage change on th
disa [49]

Answer:

falling unemployment and rising inflation.

Explanation:

Stagflation means that both the inflation and unemployment rate are rising. Before the 1970s, classical economists stated that an inverse relationship existed between the inflation rate and the unemployment rate. This means that when the inflation rate was increasing, the unemployment rate should be decreasing. But reality does not follow theoretical rules.

5 0
3 years ago
Read 2 more answers
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