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drek231 [11]
2 years ago
14

Russell spends an hour studying instead of playing basketball. Russell’s willingness to study is due to the fact that he... Your

answer:
a. must enjoy studying more than he enjoys playing basketball.
b. believes the marginal cost of studying an extra hour is immensely challenging.
c. feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.
d. considers his opportunity cost to be zero.
Business
2 answers:
labwork [276]2 years ago
8 0

Answer:

The correct answer is letter "C": feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.

Explanation:

In decision-making, an analysis of benefits-costs is essential to select the choice with the greatest return.<em> If the marginal benefit of the choice is greater than the marginal cost, it is reasonable to take that option</em>. If the marginal cost is greater than the marginal benefit, it is convenient to leave that option behind.

Thus, <em>Russell must have considered the marginal benefit of an extra hour studying greater than the marginal cost of not playing basketball.</em> That is the reason why he rather spent an hour with his books than with a basketball.

love history [14]2 years ago
4 0

Answer:

c. feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.

Explanation:

Russel made a choice to study for an hour instead of playing basketball. When making choices people weigh the benefits of an action against its opportunity cost.

Opportunity cost is the forgone alternative when we choose to do something.

In this instance Russell chose to study and the opportunity cost was to enjoy playing a basketball game.

For him to choose to study it means he saw the benefit of reading to be greater than the marginal cost of playing basketball. So he chose the most beneficial activity for him.

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You post that you are the best personal trainer on a social networking site. People Google your name and learn that you are an a
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Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The l
Serjik [45]

Answer:

Objective function:

Maximize Z: 30P1 + 25P2 + 28P3

Subject to:   2.00P1 + 1.50P2 + 3.00P3 ≤ 450 (Department A constraint)

                    2.50P1  + 2.00P2 + P3       ≤ 350 (Department B constraint)

                    0.25P1  + 0.25P2 + 0.25P3 ≤ 50  (Department C constraint)

                           P1, P2, P3                       ≥  0 (Non-negativity)

Explanation:

The objective function is formulated from the contribution margin of the three products. For instance, the contribution of Product 1 is $30, the contribution of Product 2 is $25 and the contribution of Product 3 is $28. Thus, the objective function will be 30P1 + 25P2 + 28P3.

The constraints were obtained from the departmental labour hours requirements for each product. For instance, Product 1 requires 2 hours in department A, Product 2 requires 1.50 hours in department A and Product 3 requires 3 hours in Department A. Thus, the constraint will be 2.00P1 + 1.50P2 + 3.00P3.

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1 year ago
A club sold 80 boxes of candy, some at $1.75 and some at $3.25. total revenue was $160. an appropriate equation to determine the
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The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been o
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Answer:

d. $8,300.

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Beginning     8,200

Purchases   *16,800

Requisitions             18,400

Ending          6,600

We solve for purchases:

6,600 + 18,400 - 8,200 = 16,800

WIP Inventory

Beginning                7,700

Materials                18,400

Labor                     13,700

Overhead               8,200

Transferred Out    <u>             39,700*</u>

Ending                    8,300

The transferred-out from WIP inventory is the transferred-in for Finished Goods

8 0
1 year ago
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