Homework Answers
Correct option is: the value of the best opportunity that must be sacrificed in order to take the action.
Opportunity cost is something that we must forgo in order to get something else. When we have to choose between options, we sacrifice one thing over the another which is known as opportunity cost. It can be like money, time, resources, etc. For example, if a player attends his training session in order to become a good player instead of going on vacation, so, in this case opportunity cost is vacation.
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Question 46 3.75 pts The opportunity cost of an action is: O the cost of all...
2 Economic scarcity implies that people face tradeoffs and when people make choices, other alternatives must...
2 Economic scarcity implies that people face tradeoffs and when people make choices, other alternatives must be forgone. people must compete for scarce resources, goods and services. a rationing mechanism must be used to allocate resources, goods and services. Economic scarcity implies all of the above statements. something must be sacrificed to obtain more of something else. 5 The opportunity cost of going to see a movie at a movie theater is the cost of the movie ticket plus the...
Time value comparisons of single amounts table: 1 . Your opportunity cost is 11%. Personal Finance...
Time value comparisons of single amounts table: 1 . Your opportunity cost is 11%. Personal Finance Problem In exchange for a $20,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following a. Find the value today of each alternative. b. Are all the alternatives acceptable-that is, worth at least $20,000 today? c. Which alternative, if any, will you take? a. The present value of Alternative A is S The present value...
Time value comparisons of single amounts table: 1 . Your opportunity cost is 11%. Personal Finance...
Time value comparisons of single amounts table: 1 . Your opportunity cost is 11%. Personal Finance Problem In exchange for a $20,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following a. Find the value today of each alternative. b. Are all the alternatives acceptable-that is, worth at least $20,000 today? c. Which alternative, if any, will you take? a. The present value of Alternative A is S The present value...
Question 18 2 points Sav The term opportunity cost refers to the: Value of all the...
Question 18 2 points Sav The term opportunity cost refers to the: Value of all the alternatives given up when a good or service is produced. Financial costs of all the factors of production used to produce a good or service. Amount of resources used to produce a good or service Value of the best alternative given up when a good or service is produced Moving to another question will save this response Question 18 of 49 Question 24 If...
3. Opportunity cost. Revolution Records will build a new recording studio on a vacant lot next...
3. Opportunity cost. Revolution Records will build a new recording studio on a vacant lot next to the operations center. The land was purchased five years ago for $460,000. Today, the value of the land has appreciated to $720,000. Revolution Records did not consider the value of the land in its NPV calculations for the studio project (it had already spent the money to acquire the land long before this project was considered). The NPV of the recording studio is...
Kindly provide an explanation as to what are the main concepts pertaining to arriving at relevant...
Kindly provide an explanation as to what are the main concepts pertaining to arriving at relevant costing and discuss how these principles might apply to a manufacturing company. Answer: A relevant cost is a current or future cost that will differ among alternatives. For example, relevant cost of material is the raw material cost that needs to be considered while taking a managerial decision. Relevant cost of material may be in the form of incremental cash flows or opportunity cost....
just need the answer of question 4th Chan Applying Economic Concepts 1-1 (p. 6). The Opportunity...
just need the answer of question 4th
Chan Applying Economic Concepts 1-1 (p. 6). The Opportunity Cost of Your University Degree The opportunity cost of choosing one thing is that you would have received had vou taken that job what must be given up as the best alternative Computing Suppose your aller-tax) annual earnings would have the opportunity cost of a college or university education been $25 000 per year, for a total of 100 000 if you had is...
E13-18 (similar to) : Question Help O Carasco Associates prepares architectural drawings to conform to local...
E13-18 (similar to) : Question Help O Carasco Associates prepares architectural drawings to conform to local structural-safety codes (Click the icon to view the income statement.) (Click the icon to view the percentage of time spent on activities.) Assume administrative and support costs vary with professional-labor costs. Consider each requirement independently. Read the requirements. Requirement 1. How much of the total costs in 2017 are value-added, non-value-added, or in the gray area between? Explain your answers briefly. What actions can...
Please help me with my Economics Homework? 1. For each of the following situations, identify the...
Please help me with my Economics Homework?
1. For each of the following situations, identify the full cost (opportunity cost) involved Monique quits her $75,000 per-year job as an accountant to become a full-time volunteer at a women's shelter O A. O B. O C. The opportunity cost of volunteering at the shelter is the wages she gave up The opportunity cost of Monique's decision is the value of the next-best alternative not chosen. The opportunity cost of Monique's decision...
is assignment. u to all yuestions practiced in pod luck. Question 67 0.1 pts Which of...
is assignment. u to all yuestions practiced in pod luck. Question 67 0.1 pts Which of the following is not correct about contestable markets? There is easy entry into and costless exit from the market. New firms entering the market can produce the product at the same cost as current firms. Firms exiting the market can easily dispose of their fixed assets by selling them elsewhere. Firms already in the market have technological advantages. < Previous Next Quiz saved at...
Time value comparisons of single amounts table: 1 . Your opportunity cost is 11%. Personal Finance Problem In exchange for a $20,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following a. Find the value today of each alternative. b. Are all the alternatives acceptable-that is, worth at least $20,000 today? c. Which alternative, if any, will you take? a. The present value of Alternative A is S The present value...
Time value comparisons of single amounts table: 1 . Your opportunity cost is 11%. Personal Finance Problem In exchange for a $20,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following a. Find the value today of each alternative. b. Are all the alternatives acceptable-that is, worth at least $20,000 today? c. Which alternative, if any, will you take? a. The present value of Alternative A is S The present value...
Question 18 2 points Sav The term opportunity cost refers to the: Value of all the alternatives given up when a good or service is produced. Financial costs of all the factors of production used to produce a good or service. Amount of resources used to produce a good or service Value of the best alternative given up when a good or service is produced Moving to another question will save this response Question 18 of 49 Question 24 If...
3. Opportunity cost. Revolution Records will build a new recording studio on a vacant lot next to the operations center. The land was purchased five years ago for $460,000. Today, the value of the land has appreciated to $720,000. Revolution Records did not consider the value of the land in its NPV calculations for the studio project (it had already spent the money to acquire the land long before this project was considered). The NPV of the recording studio is...
just need the answer of question 4th
Chan Applying Economic Concepts 1-1 (p. 6). The Opportunity Cost of Your University Degree The opportunity cost of choosing one thing is that you would have received had vou taken that job what must be given up as the best alternative Computing Suppose your aller-tax) annual earnings would have the opportunity cost of a college or university education been $25 000 per year, for a total of 100 000 if you had is...
E13-18 (similar to) : Question Help O Carasco Associates prepares architectural drawings to conform to local structural-safety codes (Click the icon to view the income statement.) (Click the icon to view the percentage of time spent on activities.) Assume administrative and support costs vary with professional-labor costs. Consider each requirement independently. Read the requirements. Requirement 1. How much of the total costs in 2017 are value-added, non-value-added, or in the gray area between? Explain your answers briefly. What actions can...
Please help me with my Economics Homework?
1. For each of the following situations, identify the full cost (opportunity cost) involved Monique quits her $75,000 per-year job as an accountant to become a full-time volunteer at a women's shelter O A. O B. O C. The opportunity cost of volunteering at the shelter is the wages she gave up The opportunity cost of Monique's decision is the value of the next-best alternative not chosen. The opportunity cost of Monique's decision...
is assignment. u to all yuestions practiced in pod luck. Question 67 0.1 pts Which of the following is not correct about contestable markets? There is easy entry into and costless exit from the market. New firms entering the market can produce the product at the same cost as current firms. Firms exiting the market can easily dispose of their fixed assets by selling them elsewhere. Firms already in the market have technological advantages. < Previous Next Quiz saved at...
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