answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aliina [53]
2 years ago
7

) the price of gasoline is $2.50 per gallon at the closest gas station, but is only $2.30 per gallon at a gas station two miles

away. by driving to the farther gas station, the opportunity cost is
Business
1 answer:
emmainna [20.7K]2 years ago
4 0
By definition, opportunity cost is the cost of the next alternative that you gave up because you choose another one. In this case, there are two alternatives: the closer gas station and the farther gas station. Because you chose the cheaper but farther gas station, then the opportunity cost is $2.50 for the closer gas station.
You might be interested in
Gillette now markets its Body line of razors, blades, and shaving gels for "manscaping," the art of shaving body hair in areas b
Varvara68 [4.7K]

The correct answer for the question is option"b", changing the value offered to the customers.

Explanation:

Gillete's strategy is to increase the utility of the product to the customers by making it usable for a variety of purposes. By making the products "manscaped" the products can be used for removing the hair below the neck line. Thus, the company is trying to offer better value to the customers. the value addition is in the form of improved utility for a variety of purposes. Customers will gain better value for the price they are paying for the product.

7 0
2 years ago
Sandhill Co. entered into these transactions during May 2022, its first month of operations.
mixer [17]

Answer and Explanation:

The transactions 3 6 and 8 represents that the expenses are incurred which results in increased and expenses and the transaction 4 and 5 shows that there is an increased in revenue

The journal entry is shown below:

For transaction 3

Rent expense

        To Cash

(Being the rent expense is paid for cash is recorded)

As the expense has debit balance so it would be increased

For transaction 6

Electricity expenses Dr

      To Cash

(Being the energy usage is paid for cash is recorded)

As the expense has debit balance so it would be increased        

For transaction 8

Advertising expense Dr

             To Account payable

(Being the advertising expense is recorded)

As the expense has debit balance so it would be increased

For transaction 4

Account receivable Dr

        To Service revenue

(Being the service is provided)

As the revenue has credit balance so it would be increased

For transaction 5

Cash Dr

        To Service revenue

(Being the service provided is recorded)

As the revenue has credit balance so it would be increased

The attachment is provided for better understanding  

The other transactions represent the assets, liabilities and stockholder equity

8 0
1 year ago
Pleasantville maintains an appropriations ledger for police department supplies. The amount appropriated for supplies was $100,0
satela [25.4K]

Answer:

Appropriation available for spending = 37000

Explanation:

In the appropriations ledger, the amount available for spending at any moment is the total appropriation minus expenditures plus outstanding encumbrances.

100000 - 35000 - 28000 =  37000

3 0
2 years ago
A rug manufacturer has decided to use 7 compatible colors in her rugs. however, in weaving a rug, only 5 spindles can be used. i
zubka84 [21]
The number of available colors is n = 7.
The number of colors that can be selected at a time among the 7 colors is r = 5.

This means that the number of selections of 5 colors from 7 colors at a time is ₇C₅.
By definition,
_{7} C_{5} = \frac{7!}{2!5!} = \frac{7.6.5!}{2.1.5!} = \frac{7.6}{2}=21

Answer: The number of color groupings is 21.


3 0
2 years ago
Read 2 more answers
Lily is planning to sell her home, which she bought seven years ago for a total of $168,000.the property value has increased by
abruzzese [7]
The answer is D. $251,700
7 0
1 year ago
Read 2 more answers
Other questions:
  • You plan on supplementing your income. you would like to withdraw a semiannual salary of $6,951.20 from an account paying 1.75%
    10·1 answer
  • Some people feel that the expense of pollution-controlling devices could lead to business failures and job losses; other people
    11·2 answers
  • Sasha's new company has told her that she will be required to move at her own expense in two years. What should she consider bef
    15·2 answers
  • Sunshine’s Organic Market sells organic produce. Assume that labor is the only input that varies for the firm. The store manager
    6·1 answer
  • A professor at a university finds a way to reduce the costs of producing automobile glass. The method is very easy for anyone to
    13·1 answer
  • Quinn has capacity to make 950,000 zippers per year, but due to a soft market, only plans to produce and sell 620,000 zippers ne
    6·1 answer
  • A 10-year, 8% coupon bond currently sells for $90. A 10-year, 4% coupon bond currently sells for $80. What is the 10-year zero r
    9·1 answer
  • Curling is a sport where teams slide stones on ice and attempt to hit targets. Teams consist of four players. Suppose that Bob,
    6·1 answer
  • Hawar International is a shipping firm with a current share price of $5.50 and 10 million shares outstanding. Suppose Hawar anno
    9·1 answer
  • Cranston Corporation makes four products in a single facility. Data concerning these products appear below: Products A B C D Sel
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!