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natta225 [31]
2 years ago
13

Imagine that you have won $100 in the state lottery. you have a choice between spending the money on shopping now or putting it

away in a savings account for one year. you decide to spend the money now on shopping. thus, you will lose the interest that you could have earned by saving the money. the lost interest is the_____ cost of spending money now.
Business
2 answers:
erma4kov [3.2K]2 years ago
8 0

Answer:

The answer is: opportunity cost

Explanation:

Opportunity cost refers to what you lose because you decided to make a different choice.

For example, if you would have chosen to save the money, you would have probably earned 2 to 3 dollars in interest, but since you chose to spend all the money then you didn't earn 2 to 3 dollars. These 2 to 3 dollars that you didn't earn is the opportunity cost.

Hoochie [10]2 years ago
7 0
Answer: opportunity

Now that you know the answer you can find the definition of oportunity cost in many sites.

It is the earn that you might have but you wont't becasue you make a different decision.
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Answer:

Break Even Point

In Units = 2,000 units

In value = $80,000

Explanation:

Break even Point = \frac{Fixed\ Cost}{Contribution}

When we use contribution per unit, we get the break even point in units sales.

When we use the contribution margin as a percentage of sales we get break even sales in value.

Contribution per unit = $20

Contribution margin in percentage = $20/$40 = 50%

Therefore, Break even Point in units = \frac{40,000}{20} = 2,000

Break even units = 2,000

Break Even Point in value = \frac{40,000}{0.50} = 80,000

Sales to be made in value at break even = $80,000

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2 years ago
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The following are data for an economy in billions of dollars: Net rental income 141 Depreciation 1,241 Compensation of employees
Brilliant_brown [7]

Answer:

GDP= 9,872

Explanation:

The Expenditure Approach is a method of measuring GDP by calculating all spending throughout the economy including consumer consumption, investing, government spending, and net exports. This method calculates what a country produces, assuming that the finished goods and services of a country equals the amount spent in the country for that period.

The formula is:

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(I) investment – this is the amount that businesses or owners spend to invest in new equipment or expansions.

(G) government spending – this includes spending on new infrastructure like bridges and roads.

(NX) net exports – this includes spending on a country’s exports minus its spending on imports.

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