What is opportunity cost simple answer?
Answers
In economics, the opportunity cost is the value of what you have to give up in order to choose something else.
What are the importance of opportunity cost?The potential benefits that an individual, investor, or business foregoes when choosing one alternative over another are referred to as opportunity costs. Because opportunity costs are by definition invisible, they are easily overlooked.In economics, opportunity cost refers to the cost of something that must be sacrificed in order to enjoy something better. This can include the advantages of second best alternatives (when the first best is chosen) or alternative uses of something that has not been decided upon (the cost of not using land for farming and using it for building a house instead).The opportunity cost is the time spent learning as well as the money that could be spent elsewhere. There is an opportunity cost associated with not growing wheat or using the resources in another way when a farmer decides to grow wheat (land and farm equipment).To learn more about opportunity cost refer to :
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Related Questions
Greg's average balance checking account pays simple interest of 5.4% annually, and he made $7.20 in interest last month. What was Greg's average balance last month?
Answers
Answer:
Greg's average balance last month was $ 1,600.
Explanation:
Given that Greg's average balance checking account pays simple interest of 5.4% annually, and I have made $ 7.20 in interest last month, to determine what was Greg's average balance last month the following calculation must be performed:
5.4 / 12 = 7.20
100 = X
0.45 = 7.20
100 = X
100 x 7.20 / 0.45 = X
720 / 0.45 = X
1600 = X
Therefore, Greg's average balance last month was $ 1,600.
A purely competitive wheat farmer can sell any wheat he grows for $20 per bushel. His five acres of land show diminishing returns because some are better suited for wheat production than others. The first acre can produce 1,000 bushels of wheat, the second 900, the third 800, and so on.How many bushels will each of the farmer's five acres produce? How much revenue will each acre generate? What are the TR and the MR for each acre?
Answers
Answer:
The answer is explained below.
Explanation:
a) The first hectare can produce 1,000 bushels of wheat, the second 900, the third 800, the fourth produce 700 and the fifth would produce 600 bushels.
b) The revenue = price per bushel × number of bushel.
First hectare = 1000 × $20 = $20000
Second hectare = 900 × $20 = $18000
Third hectare = 800 × $20 = $16000
Fourth hectare = 700 × $20 = $14000
Fifth hectare = 600 × $20 = $12000
3) The cumulative revenue at the nth farm = revenue at nth farm + revenue at (n-1) farm
Also The marginal revenue at the nth farm = cumulative revenue at nth farm - cumulative revenue at (n-1) farm
Acres Q P
rice TR each acre Cumm. TR Marginal. TR
1 1000 $20 $20000 $20000 $20000
2 900 $20 $18000 $38000 $18000
3 800 $20 $16000 $54000 $16000
4 700 $20 $14000 $68000 $14000
5 600 $20 $12000 $80000 $12000
¿Cómo podría Wal-Mart mejorar su estrategia de marketing para atraer a los grandes consumidores potenciales de este sector en los mercados internacionales?
Answers
Answer:
Para poder atraer grandes consumidores potenciales del sector de retail en los mercados internacionales, Walmart tendría que focalizarse en 3 tareas específicas:
1- Por un lado, invertir en publicidad en los lugares en los que desee aumentar su rendimiento comercial, para poder dar a conocer su marca y atraer a nuevos clientes, ingresando así a mercados en los que hasta ahora no tiene presencia.
2- Además, debe lógicamente invertir en relocalizar muchos de sus centros de distribución a esos nuevos mercados, para así poder facilitar la distribución de los productos que comercializa en los nuevos territorios.
3- Por otra parte, debe garantizar un acceso al comercio electrónico, para poder así proveer a los consumidores los mismos bienes que ofrece en los Estados Unidos, pero en sus territorios de origen.
.If a firm has already paid an expense or is obligated to pay one in the future, regardless of whether a particular project is undertaken, that expense is a
committed cost
complementary cost
obligated cost
sunk cost
Answers
The expense you are referring to, which has already been paid or is obligated to be paid in the future regardless of a project's outcome, is called a sunk cost. Option D is answer.
Sunk costs are costs that have already been incurred and cannot be recovered, regardless of the decision made regarding the project. These costs are not relevant to future decision-making because they are irretrievable.
Committed costs, on the other hand, refer to costs that a firm is contractually obligated to pay in the future as a result of a prior commitment or agreement. These costs are typically associated with ongoing contracts or long-term obligations and are relevant to decision-making as they represent future cash outflows.
Complementary costs are costs that are incurred in addition to the main cost. They are necessary expenses that are incurred to support or accompany the primary cost.
Obligated costs are costs that a firm is legally or contractually bound to pay. These costs arise from obligations or commitments, such as contracts, agreements, or legal requirements.
In summary, while the expense you mentioned can be considered an obligated cost, it specifically falls under the category of a sunk cost (option D).
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what organization did hoover create to loan money to failing banks, railroads, and other businesses?
Answers
Hoover created the Reconstruction Finance Corporation (RFC) to loan money to failing banks, railroads, and other businesses.
The Reconstruction Finance Corporation (RFC) was created by Herbert Hoover in 1932 to lend money to struggling banks, railroads, and other businesses to help revive the economy during the Great Depression. The corporation's goal was to stabilize key industries by giving them loans that could help them get back on track. The RFC was a key component of Hoover's efforts to combat the Great Depression and was the first time that the federal government had intervened so directly in the economy.
The RFC assisted the economy by providing loans to businesses that needed assistance, with the goal of stabilizing key industries. The RFC enabled banks to lend to people who were in need of assistance during the Great Depression, which was a time when most banks were struggling to stay afloat. Additionally, the RFC enabled railroads to keep running, which helped keep people employed and goods moving. By stabilizing key industries, the RFC helped prevent further economic collapse and laid the groundwork for economic recovery.
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bzzagent mini case: bzzagent is a word-of-mouth marketing agency that runs brand advocate programs for global brands. it recently partnered with a company to pair its social media and word-of-mouth insights with shopper loyalty data. the results indicated that consumers who were making repeat purchases were also more engaged and created a higher volume of advocacy. the information from this study is important to marketers, who are trying to find ways to engage advocates and influencers, especially via social media. marketers are trying to figure out the characteristics of individuals who are most likely to influence others. in the bzzagent mini case, marketers are interested in finding individuals who influence others. the process by which one influential person informally influences the actions or attitudes of others is known as . question 28 options: a) referencing b) opinion leadership c) blogging d) positioning e) targeting
Answers
Marketers are searching for people who have sway over others in the BZZAGENT MINI CASE. Opinion leadership is the method by which one powerful individual subtly shapes the behaviors or attitudes of others.
The act of interpreting media messages or content for less sophisticated media users is known as opinion leadership. Usually, individuals who agree with opinion leaders hold them in high regard. The two-step communication flow idea put forward by Paul Lazarsfeld and Elihu Katz is where opinion leadership originates. Robert K. Merton, C. Wright Mills, and Bernard Berelson were significant contributors to the development of the opinion leader concept. The diffusion of innovations, concepts, or commercial goods is attempted to be explained by a number of models, some of which include this hypothesis.
Because we frequently ask for advice from others in a social setting, opinion leaders play a crucial part in information flow. The target audiences do not directly receive information from the media.
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Jake Olsen has decided to put $1,000 in the bank. List several questions Jake might want to ask before ch whether to put the money in a checking or a savings account.
Answers
Answer:
look at my comment
Explanation:
Gain or loss is always recognized when realized for tax purposes.
a. true
b. false
Answers
False. Gain or loss is always recognized when realized for tax purposes is false.
Gain or loss is not always recognized when realized for tax purposes. The recognition of gain or loss for tax purposes depends on the specific tax rules and regulations of a particular jurisdiction. In some cases, certain transactions may result in a realized gain or loss, but it may not be recognized for tax purposes until certain conditions are met.
For example, in the United States, the Internal Revenue Service (IRS) has specific rules regarding the recognition of gain or loss for tax purposes. Some common examples include:
Like-kind exchanges: If a taxpayer exchanges one property for another similar property, known as a like-kind exchange, the gain or loss on the exchange may not be recognized immediately for tax purposes. Instead, it may be deferred until a future taxable event occurs.
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guysss i need helpppp
what color is a carrot plzzzzzz this teacher is on my a.ss about it
Answers
Answer:
BLUE Hope this helps :)))))
Explanation:
............
Answer:
totally megenta
Explanation:
☺️☺️☺️☺️☺️☺️☺️☺️
When using enigma process data, it collects, cleans, organizes, integrates and analyzes the data. As a result, what is it doing?.
Answers
The enigma process data is doing a data acquisition when its collects, cleans, organizes, integrates and analyzes the data.
What is a data acquisition?A data acquisition refers to the process of digitizing data from the environment so that its can be displayed, analyzed, and stored in a computer.
Hence, the enigma process data is doing a data acquisition when its collects, cleans, organizes, integrates and analyzes the data.
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Should Shaun use gross pay or net pay when creating his budget? Explain your
reasoning.
Answers
Answer:
jjheeeneemme
Explanation:beenem
The bowed-outward shape of the production possibilities frontier can be explained by the fact that.
Answers
The bowed-outward shape of the production possibility frontier illustrates that the opportunity cost of one good in terms of the other depends on how much of each good the economy is producing.
What is Production Possibility Frontier?The production possibility frontier (PPF) is a curve in economics that depicts the maximum amounts that two goods can create if they both rely on the same limited resource for production.
From the attached picture below, Let's assume that:
The vertical product is: wineThe horizontal product is: cottonThe bowed-outward shape of the production possibility frontier illustrates that the opportunity cost of one good in terms of the other depends on how much of each good the economy is producing.
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A very large company would be most likely to have a(n)\ at the head of its accounting department.
Answers
Answer:
the answer is
CHIEF FINANCIAL OFFICER
A frog sitting at the edge of a water puddle. The mud and dirt surrounding the pond is labeled A, the frog is labeled B, and the water is labeled C. Fill in the blank with the correct sphere label. A: B: C:
Answers
Answer:
Label A - geosphere
Label B - Biosphere
Label C - Hydrosphere
Explanation:
Remaining part of the question is attached as image
Solution
The label A is the geosphere as geosphere represents the land with all earthly features such as soil , rocks, boulders etc.
Label B is the biosphere , Biosphere comprises of living organism since frog is a living organism , Label B is biosphere
Label C is the hydrosphere as it comprises of water bodies
Answer:
Label A - geosphere
Label B - Biosphere
Label C - Hydrosphere
Explanation:
edge 2022
Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $681,000 that would be depreciated on a straight-line basis to zero over the 5-year life of the project. The equipment will have a market value of $184,000 at the end of the project. The project requires $54,000 initially for net working capital, which will be recovered at the end of the project. The operating cash flow will be $173,600 a year. What is the net present value of this project if the relevant discount rate is 12 percent and the tax rate is 35 percent?
Answers
Tet present value (NPV) of this project will be $230,058.75 if the relevant discount rate is 12% and the tax rate is 35%.
The net present value (NPV) of this project will be $230,058.75 if the relevant discount rate is 12% and the tax rate is 35%. Net present value (NPV) is a financial metric that measures the difference between the present value of cash inflows and the present value of cash outflows over time. In other words, it's a calculation used to evaluate whether a project is profitable or not by comparing its costs and benefits. The formula for NPV is: NCF = Net Cash Flow r = Discount Rate NPV = NCF / (1 + r)^n - Initial Investment. Here, NCF = $173,600; r = 12%; n = 5 years; initial investment = $681,000 - $184,000 + $54,000 = $551,000. Now we can plug these values into the formula to find the NPV: NPV = $173,600 / (1 + 0.12)^1 + $173,600 / (1 + 0.12)^2 + $173,600 / (1 + 0.12)^3 + $173,600 / (1 + 0.12)^4 + $173,600 / (1 + 0.12)^5 - $551,000NPV = $173,600 / 1.12 + $173,600 / 1.2544 + $173,600 / 1.4049 + $173,600 / 1.5745 + $173,600 / 1.7663 - $551,000NPV = $154,999.99 + $138,432.28 + $123,784.12 + $110,790.43 + $99,315.91 - $551,000NPV = $76,322.63. The net present value of this project will be $76,322.63 if we don't account for taxes. However, since the tax rate is 35%, we also need to account for the tax savings from the depreciation of the new equipment. The depreciation expense each year will be:$681,000 / 5 years = $136,200. This means that the taxable income each year will be reduced by $136,200, which will result in a tax savings of:$136,200 x 35% = $47,670. This tax savings is a cash inflow that should be included in the NPV calculation. Therefore, the modified formula for NPV is: NCF = Net Cash Flow + Tax Savings r = Discount Rate NPV = NCF / (1 + r)^n - Initial Investment. Here, NCF = $173,600 + $47,670 = $221,270. Now we can plug these values into the formula to find the NPV with taxes: NCF = $221,270NPV = $221,270 / 1.12 + $221,270 / 1.2544 + $221,270 / 1.4049 + $221,270 / 1.5745 + $221,270 / 1.7663 - $551,000NPV = $197,296.24 + $176,540.80 + $157,212.68 + $139,069.91 + $122,899.57 - $551,000NPV = $230,058.75. Therefore, the net present value (NPV) of this project will be $230,058.75 if the relevant discount rate is 12% and the tax rate is 35%.
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When you put a check you received in the bank, you have immediate access to the money.
True or False.
Answers
Answer:
this is true hope this helps
Explanation:
The general term for the payments for the use of resources is ______?
A. wages
B. rent
C. interest
D. factor payments
Answers
The umbrella word used to describe payments for the usage of resources is Factor payments. Hence, Option D is correct.
What is factor payment?Factor payments in economics are the compensation that individuals receive for providing the factors of production—land, labor, capital, or entrepreneurialism. Payments made with limited resources or production inputs in exchange for useful services.
Rent, wages and salaries for work, interest and dividends are the factor payments received for land, labor, and capital, respectively. It describes one method for determining GDP using income.
The factor income technique, also referred to as the "income approach," calculates GDP by adding employee wages, rent, interest, and profit. Payments provided to production factors, such as rent, interest, profit, wages, etc., are referred to as factors payments.
Thus, Option D is correct.
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For my personal finance class
Which of the following is an example of the paradox of value?
a. You might choose an inflatable raft over a luxury car if you are adrift at sea
b. You might choose a diamond over a bottle of water if you really love dressing up
c. You might choose a hamburger over a veggie burger at a fast-food restaurant
d. You might choose a pair of socks over a hat if you are feeling cold
Answers
Answer:
b because diamonds dressing up
researchers at the university of michigan considered job-centered and employee-centered behaviors to be at opposite ends of a single continuum of leadership behavior
Answers
According to the research the University provides two different and opposite sides of the leadership that enables the workers to work effectively and also provide the significant output.
The major significance of the proper leadership is to manage the members of the company in a effective way also to inspect the work that is performed by the employees. So Michigan university has provided two different types of leadership that different from each other in the sense of behavior. As the result it says that the main reason for the successful management of the company is the behavior of the company that enables the quality of work that is done by the workers and also the inspection of the leader in a individual firm.
The main result that is given is that the maintain the job satisfaction of the assigned work and also the productive and output of the job. So it is very important for a leader to have an intellect that supports the human resources of the company.
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The complete question:
What did researchers at the University of Michigan consider job-centered and employee-centered behaviors?
what are strategies that you can use in the workplace to ensure that you are using credible sources?
Answers
The liested information can help you to get credible sources in the workplace
What are strategies that you can use in the workplace to ensure that you are using credible sources?Using credible sources in the workplace is essential to ensure the accuracy and reliability of information. Here are some strategies you can use to ensure that you are using credible sources:
Check the source's credentials: Always check the author's credentials and qualifications to determine whether they are an expert in the field they are writing about.
Consider the source's reputation: Check the reputation of the publisher, journal, or website where the source was published. Reputable publishers and websites are more likely to publish credible sources.
Check for bias: Be aware of any biases in the source. Determine if the author or publisher has any financial, political, or other interests that may influence the information they present.
Cross-check with other sources: Verify the information by cross-checking it with other credible sources. If the information is consistent across multiple sources, it is more likely to be accurate.
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The weak form of the efficient-market hypothesis asserts that stock prices do not rapidly adjust to new information contained in past prices or past data. stock prices do not rapidly adjust to new information contained in past prices or past data, and future changes in stock prices cannot be predicted from past prices. technicians cannot expect to outperform the market. future changes in stock prices cannot be predicted from past prices, and technicians cannot expect to outperform the market. future changes in stock prices cannot be predicted from past prices.
Answers
Felicia, a high school student, wants to take courses that will count for both high school and college credit. Which program would work best for her?
a
Career and technical education program
b
College Level Examination Program
c
Dual enrollment program
d
Vocational training
Answers
Answer:
Explanation:
b
College Level Examination Program
Answer:
The best program that will work for her is the College Level Examination Program
Explanation:
Hoped this helped.
which is an effect of cultural differences on global trade?
Answers
Consumer buying behavior may be impacted by cultural variations, which may eventually increase a brand's chances for global trade. People communicate in a range of ways based on their cultural background.
What does "global trade" mean?Global commerce, which consists of the total import and exports of every participating country, is the exchange of products or services between nations. It is subject to the laws of supply and demand, and the price of any good or service offered is determined by these laws.
What are instances of global trade?Domestic customers now have access to foreign goods that local businesses could not otherwise create. Import, export, business, foreign investment, job outsourcing, and establishing production facilities abroad are all examples of global commerce.
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To what extent does the payment of commission motivate workers?
Answers
Answer: Encourages employees to work harder
Explanation:
Highly talented professionals in sales and marketing get more out of commission-based pay since their income relies on how hard they work. The more sales they make, the more generous their compensation will be compared to their less motivated counterparts.
Explaining the reasons for a request, providing evidence that a proposal will be successful, and avoiding making rash, careless statements are all guidelines for a leader when exercising what?a) Discretion. b) Consideration. c) Expert power. d) Organizational power
Answers
Explaining the reasons for a request, providing evidence that a proposal will be successful, and avoiding making rash, careless statements are all guidelines for a leader when exercising discretion. Therefore, the correct option is A.
Discretion refers to the ability to make wise decisions based on judgment, prudence, and tact. A leader exercising discretion will carefully consider all available information and potential outcomes before making decisions or communicating with others.
By providing evidence and avoiding rash statements, a leader demonstrates their ability to exercise discretion and make well-informed decisions. This approach helps to build trust, maintain professional relationships, and ensure the success of the organization.
Consideration and expert power may also be important in leadership, but in this context, the focus is on the exercise of discretion. Organizational power is not directly relevant to these specific guidelines for a leader's behavior.
Hence, the guidelines for explaining the reasons for a request, providing evidence that a proposal will be successful, and avoiding making rash, careless statements are all related to exercising discretion as a leader which corresponds to option A.
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what group sells its labor to the bourgeoisie to receive wages? a elites b working calss c plorentariat d bourgeoisie
Answers
Bourgeoisie group sells its labor to the bourgeoisie to receive wages. The answer is OPTION D.
A person who belongs to this class is a proletariat. Marxist theory holds that capitalism exploits the proletariat by requiring them to accept low wages in exchange for using the means of production that belong to the bourgeoisie, a class of landowners.
According to this theory, there are two social classes in a capitalist society: the proletariat, who are the workers in a capitalist system and who produce goods, and the bourgeoisie, who control the means of production and receive the majority of the profits from the labor of their workers while contributing little to it. The answer is OPTION D.
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in countries where consumers have more income to spend after their physical needs are satisfied, advertising serves what particular function? it discourages competition. it stimulates innovation and new products. it stimulates the sale of products with relatively inelastic demand. it helps achieve long-term acceptance for products that do not meet consumer approval. it discourages the entry and use of new products in the market.
Answers
In countries where consumers have more income to spend after their physical needs are satisfied, advertising stimulates innovation and new products.
Advertising stimulate innovation and new products in countries where consumers have more income to spend after their physical needs are satisfied because as disposable incomes increase, individuals will have more resources to spend on non-essential items, such as branded goods, luxury services, and premium items. Because of the increased demand, producers will respond by developing new items and improving current goods to capture this market. These product advancements and innovations are promoted by advertising to encourage new customers to test and buy them.
Therefore, the answer is: it stimulates innovation and new products.
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The yen is quoted at " €0.008300/
¥ = Ask and €0.008200/¥ Bid" in Paris. The euro is quoted at " ¥121.20/€ Ask and ¥121.10/€Bid ′′ in Tokyo. Convert the Paris quote into a ¥/€ quote and then answer these questions. a. Calculate the bid/ask spread on the euro as a percentage of the bid price from the Japanese and the French perspectives. The bid/ask spread is the percentage difference between the bid and the ask prices. → (Ask-Bid)/Bid b. Is there an opportunity for profitable arbitrage? If so, describe the necessary transactions using a 1 million starting amount.
Answers
To convert the Paris quote into a ¥/€ quote, we need to take the reciprocal of the Paris quote. The reciprocal of €0.008300/¥ is ¥120.48/€ (1 divided by €0.008300 gives us the yen per euro rate).
a. Calculating the bid/ask spread on the euro:
From the Japanese perspective:
Bid/ask spread = (Ask - Bid) / Bid
= (¥121.20/€ - ¥121.10/€) / ¥121.10/€
= ¥0.10/€ / ¥121.10/€
= 0.0008258 (approximately)
From the French perspective:
Bid/ask spread = (Ask - Bid) / Bid
= (€0.008300/¥ - €0.008200/¥) / €0.008200/¥
= €0.000100/¥ / €0.008200/¥
= 0.0121951 (approximately)
b. There is a potential opportunity for profitable arbitrage. Here's the necessary transaction using a starting amount of 1 million yen:
1.Exchange 1 million yen for euros in Tokyo at the bid rate of ¥121.10/€. This would give us approximately €8,254.58.
2.Transfer the euros to Paris.
3.Exchange the euros for yen in Paris at the ask rate of ¥120.48/€. This would give us approximately ¥996,323.48.
4.We end up with ¥996,323.48, which is a profit of ¥323.48.
Since there is a small profit available, it indicates an arbitrage opportunity. However, keep in mind that transaction costs, fees, and market fluctuations may impact the overall profitability of the arbitrage.
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WHY DO THEY CALL IT GAS WHEN ITS A LIQUID?
Answers
Answer:
i don't know if the is correct or not but I'll give it a shot at answering. most vehicles are powered by gasoline (obviously) but we often refer to it as gas although it isn't even a gas. it's a liquid, but humans just like renaming things i guess. anywho gasolines state of matter is NOT a gas but we just shortend it to "gas." (hoped this helped lol)
why are medical related professions and human resources important?
Answers
Answer:
because sometimes they help us to get some medicine which can be used to cure a particular disease