Homework Answers
Solution;
Opportunity cost,
the value of loss one alternative as and when we chose the alternative is refered as opprtunity cost, Hence the salary foregone that would have been earned when the student were not in college is opportunity cost
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The salary a student fore goes while in college is an example of Opportunity cost Direct...
I. Multiple choice questions- (Give the most correct answer for the statement from the choices) 1....
I. Multiple choice questions- (Give the most correct answer for the statement from the choices) 1. Which of the following is most likely to be a variable cost? a. Depreciation b. The cost of material used in production. c. Rent d. Advertising 2. Which of the following is most likely to be a fixed cost? a. Royalty paid on the basis of production. b. Rent c. Wages paid to assembly workers d....
D EC 2a.Based on the political cartoon, what is the opportunity cost of going to college...
D EC 2a.Based on the political cartoon, what is the opportunity cost of going to college and collecting student loan debt? LOVE SONG 2b. Complete a cost-benefit analysis of attending college or a post-secondary program after high school. What are the costs and benefits of making this decision? I-
The opportunity cost of attending college is likely to be highest for a high school graduate...
The opportunity cost of attending college is likely to be highest for a high school graduate Choose one: A who is very intelligent B. who can immediately take over the family business. C. who has access to student loans. O D. whose family is extremely wealthy
A 20-yo college student goes to the student health center complaining of flu-like symptoms with a...
A 20-yo college student goes to the student health center complaining of flu-like symptoms with a stiffneck. The NP immediately transfers the student to an ER for a spinal tap, where high lumbar opening pressure was detected. You immediately suspect but should also consider А Tuberculous meningitis, Fungal meningitis. B Viral meningitis, Tuberculous meningitis с Bacterial meningitis, Fungal meningitis. D Viral meningitis, Fungal meningitis. Ο Ε Bacterial meningitis, Viral meningitis.
1. Understanding opportunity cost Before you started applying for college, a job recruiter offered you a...
1. Understanding opportunity cost Before you started applying for college, a job recruiter offered you a full-time cashiler position at a local retail store, earning an after-tax salary of 21,000 per year. However, you tum down this offer and attend your first year of college. The aditional monetary cost of college to you, including tution, supies, and adatonal housing expenses, $32,000. You decide to go to college, probably because Grade It Now Save & Continue Continue without saving MacBoo
Define opportunity cost. What is the opportunity cost to you of attending college? What was your...
Define opportunity cost. What is the opportunity cost to you of attending college? What was your opportunity cost of doing this test today? 6. If there is a new breakthrough in manufacturing technology that reduces the cost of producing cell phones by half, what will happen the following four parts of supply and demand: supply of cellphones demand for cellphones price and sale (quantity sold) of cellphones demand for cellphones apps For full credit, explain in detail what happens in...
A plant manager's salary is: A) a direct cost and an indirect cost B) a direct...
A plant manager's salary is: A) a direct cost and an indirect cost B) a direct cost C) an indirect cost D)a period cost
how would you define the term opportunity cost? Provide an example of opportunity cost decision that...
how would you define the term opportunity cost? Provide an example of opportunity cost decision that you have had to make?
Explain briefly but clearly the concepts of scarcity and opportunity cost. Provide an example of opportunity...
Explain briefly but clearly the concepts of scarcity and opportunity cost. Provide an example of opportunity cost from either your personal or professional experiences. Remember to include explicit costs (able to be measured) and also implicit costs. Then provide an example of an opportunity cost a whole country experiences when society or the government has made a choice. Please answer in 150 words or more.
1. What is an "Opportunity cost"? Give an example of an opportunity cost from your own...
1. What is an "Opportunity cost"? Give an example of an opportunity cost from your own life. Try to use something other than the school/work tradeoff. 2. You have the following three snack options to choose from, but can only choose one: a. Three doughnuts (this counts as one snack) b. One Snickers bar C. Two bananas (this counts as one snack) What would be the opportunity cost of choosing the three doughnuts? 3. Would division of labor work without...
D EC 2a.Based on the political cartoon, what is the opportunity cost of going to college and collecting student loan debt? LOVE SONG 2b. Complete a cost-benefit analysis of attending college or a post-secondary program after high school. What are the costs and benefits of making this decision? I-
The opportunity cost of attending college is likely to be highest for a high school graduate Choose one: A who is very intelligent B. who can immediately take over the family business. C. who has access to student loans. O D. whose family is extremely wealthy
A 20-yo college student goes to the student health center complaining of flu-like symptoms with a stiffneck. The NP immediately transfers the student to an ER for a spinal tap, where high lumbar opening pressure was detected. You immediately suspect but should also consider А Tuberculous meningitis, Fungal meningitis. B Viral meningitis, Tuberculous meningitis с Bacterial meningitis, Fungal meningitis. D Viral meningitis, Fungal meningitis. Ο Ε Bacterial meningitis, Viral meningitis.
1. Understanding opportunity cost Before you started applying for college, a job recruiter offered you a full-time cashiler position at a local retail store, earning an after-tax salary of 21,000 per year. However, you tum down this offer and attend your first year of college. The aditional monetary cost of college to you, including tution, supies, and adatonal housing expenses, $32,000. You decide to go to college, probably because Grade It Now Save & Continue Continue without saving MacBoo
1. What is an "Opportunity cost"? Give an example of an opportunity cost from your own life. Try to use something other than the school/work tradeoff. 2. You have the following three snack options to choose from, but can only choose one: a. Three doughnuts (this counts as one snack) b. One Snickers bar C. Two bananas (this counts as one snack) What would be the opportunity cost of choosing the three doughnuts? 3. Would division of labor work without...
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