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labwork [276]
3 years ago
12

The opportunity cost of going to college is a. the total money spent on food, clothing, books, transportation, tuition, lodging,

and other expenses. b. the value of the best opportunity a student gives up to attend college. c. zero for students who are fortunate enough to have all of their college expenses paid by someone else. d. zero, since a college education will allow a student to earn a larger income after graduation.
Business
2 answers:
kogti [31]3 years ago
6 0

Answer:  the value of the best opportunity a student gives up to attend college

Explanation: Opportunity cost is the cost of loosing benefits that one could have received if he or she would have chosen one alternative over the other. Usually the chosen alternative is the best and the rejected one is the second best.

Therefore, if a student decides to get to college the other opportunities that he might have chosen like doing a job or business is his opportunity cost.

Hence from the above we can say that the right option is B.

Genrish500 [490]3 years ago
5 0

Answer:

b. the value of the best opportunity a student gives up to attend college.

Explanation:

The opportunity cost of going to college is the value of the best opportunity a student gives up to attend college.

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Suppose you live in New York City and the government has imposed price ceilings on apartment rental rates. You want to rent an a
dimulka [17.4K]

Answer:

The correct answer is letter "C": a tie-in sale.

Explanation:

A tie-in sale is one where the purchase or rent of an object is only possible if another is also bought. Companies tend to use this practice to offer goods and services in bundles where all the products being sold are not necessarily of interest to the buyer but generates more profit or the seller.

6 0
3 years ago
suppose the following two events occur in the domestic market for radiologists: a. some hospitals are outsourcing some radiology
Zolol [24]

Answer:

The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

Explanation:

Here are the options to this question :

What is likely to happen to the equilibrium wage and quantity of radiologists following these twoevents?

A) The equilibrium wage and the equilibrium quantity of radiologists fall.

B) The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

C) The equilibrium wage falls and the effect on equilibrium quantity of radiologists isindeterminate.D

) The equilibrium wage and the equilibrium quantity of radiologists rise

As a result of event A, there would be a decrease in the demand for radiologists. As a result, there  would be a leftward shift of the demand curve for radiologist. This would lead to a reduction in equilibrium price and quantity

As a result of event B, there would be a decrease in the supply radiologists. As a result, there  would be a leftward shift of the supply curve of radiologist. This would lead to a reduction in equilibrium quantity and a rise in equilibrium price.

Taking these two effects together, the equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

3 0
2 years ago
Assume that you have a subsidiary in Australia. The subsidiary sells mobile homes to local consumers in Australia, who buy the h
denis-greek [22]

Answer: Appreciate

Explanation:

When a country increases interest rates, it will lead to an appreciation in currency. This is because there will be more demand for the currency of the country because people will want to take advantage of the higher interest rates and make a gain.

As the demand for the currency increases but the supply stays the same, the value of the currency will appreciate.

With Australia taking up their interest rates, their dollar will appreciate in value.

5 0
3 years ago
Vonda and Aleiyah are shopping together at the mall for new jeans. Vonda is willing to pay $90 and Aleiyah is willing to pay $50
Gala2k [10]

Answer:

A. $60

Explanation:

Recall that, consumer's surplus refers to the price that a consumer is willing to pay less the amount he or she actually pays.

Thus

Consumer surplus = maximum price willing to pay - actual market price.

Given that

Market price = $40

Vonda is willing to pay = $90

Aleiyah is willing to pay = $50

Hence.

Vonda consumer surplus = 90 - 40

= $50

Aleiyah consumer surplus = 50 - 40

= $10.

Total consumer surplus = 50 + 10

= $60.

8 0
3 years ago
Businesses are using​ ________ development to create applications for shopping​ carts, user​ authentication, search​ engines, an
Elena-2011 [213]

Answer:

application development

Explanation:

Application development refers to the process of creating software that can perform specific tasks that a business requires. This software can range from applications that perform specific tasks to computer software that is used to manage major parts of the business. E.g. sales reports, automation processes, etc.

8 0
2 years ago
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