Answer:
b. Computers: Increase / Rice: Decrease
Explanation:
Opportunity cost refers to the benefits foregone of non chosen option when an option is chosen out of all available options which includes the non chosen option.
At full employment level, resources are employed in the most efficient manner, then to increase the production of one good, certain resources need to be diverted which were earlier used in the production of other goods (assuming the country produces only 2 goods).
Thus, if technology progresses only in the production of one good, that would imply that now the production of such a good would be encouraged.
Hence, the opportunity cost of computers would increase whereas that of producing rise would decrease.
Answer:
1. 23-24
2. 65+
3. very little teens pay taxes, meaning they dont have a job
4. it is easier for 18+ people to get hired for a job
5. jobs would need to become more readily available for younger people
Answer:
Differential analysis as at April 30
Make (Alternative 1) Buy (Alternative 2)
Purchase Price $0.00 $24.00
Direct materials $8.00 $0.00
Direct labor $12.00 $0.00
Variable Costs - Case related $3.00 $0.00
Total Cost $23.00 $24.00
Conclusion
Company should make carrying cases instead of purchasing as this is cheaper by $1.00
Explanation:
There is a choice to be made between Make (Alternative 1) and Buy (Alternative 2). Compute the Total costs for these choices.
Ignore the fixed overheads as they are the same for both alternatives and hence irrelevant.
Choose the alternative with lower costs.
She will save about $267.27 ($2160.24 - $1892.97) in interest over the course of a year if she transfers her balance to a credit card with an apr of 10.8%, compounded monthly. This problem can be solved using the compounding interest formula which stated as A = P*(1+i)^n. A is the amount affected by the compounding interest, i is the interest rate, and n is the period of time. You must find the amount using the 24.2% and 10.8% compounding interest and find the difference between them.
