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maria [59]
2 years ago
15

The value of a business owner's time is an example ofa. an opportunity cost. b. a fixed cost. c. an explicit cost. d. total reve

nue.
Business
1 answer:
Olenka [21]2 years ago
4 0

Answer: Opportunity cost

Explanation:

A. Opportunity cost can be defined as the next best alternative foregone , it is the cost of profit the business looses while choosing one alternative over other.

B. Fixed cost are those cost that do not change with the level of output produced in the firm.

C. In simple words the direct costs a business pay to the outsiders for running its operations is called explicit cost.

D. Total revenue is the amount of income a company has before deducting its expenses occurred to earn that income.

So from the above explanations we can conclude that  value of a business owner's time is an example of  opportunity cost.

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An MNC in a developing country is operating amidst severe space​ constraints, and the infrastructural conditions in the city are
N76 [4]

Answer: Option C

                     

Explanation: In simple words, telecommuting refers to the arrangement in which an employee of the organisation performer his or her job activities right from his or her home without going to a specified work place.

This is a modern times business technique which is used by organisations to save their costs like rent and travelling allowance to employees  that they have to bear. Such arrangement is generally made for the jobs that requires no client dealings and have specified targets set.

Thus, from the above we can conclude that the company should go for telecommuting as it will save the man hours.

6 0
2 years ago
Which of the following statements best describes the law of diminishing marginal utility?
-BARSIC- [3]

The law of diminishing marginal utility states that as a person increases consumption of a good while keeping consumption of other products persistently then there is a drop in the marginal utility<span> that person descends from consuming each extra unit of that product. So the answer is letter C.</span>

8 0
2 years ago
In the general environment, many relationships exist among the various elements. General environmental trends can have positive
Advocard [28]

Answer: positive, negative, demographic.

Explanation:

The general environment is the bigger environment within where the task environment is enclosed. The general environment is made up of six segments which are the sociocultural, technological, demographic, political/legal, economic, and global forces.

Demographic forces are results of changes in the attributes of a population, like race, gender, age, ethnic origin, social class and sexual orientation. Demographic forces have a major implications for an economy. .

The aging of the population has a positive impact on the health care industry as there will be need to keep the healthcare industry in a good condition and provide necessary amenities for the aging population. This will therefore lead to a negative impact on the baby product industry as there will be lesser demand for baby products since there are older people in the country.

7 0
2 years ago
E&amp;J Auto Body Shop estimated overhead cost for the coming year will be $15,000 and 5,000 direct labor hours will be worked.
kondor19780726 [428]

Answer:

correct option is b. $ 30

Explanation:

given data

overhead cost = $15,000

direct labor hours = 5,000

required direct labors hours = 10

solution

we get here Fixed Overhead Rate that is

Fixed Overhead Rate = estimated overhead cost ÷ direct labor hours ........1

Fixed Overhead Rate = \frac{15000}{5000}  

Fixed Overhead Rate = $3 per labor hour

and

Job overhead applied express as

overhead = Fixed Overhead Rate  × required direct labors hours  ..........2

overhead  = $3 × 10

overhead = $30

so correct option is b. $ 30

8 0
2 years ago
Suppose that at prices of $1, $2, $3, $4, and $5 for product Z, the corresponding quantities supplied are 3, 4, 5, 6, and 7 unit
klio [65]

Answer:

A.

Explanation:

An improve in technology will allow firms to produce in an effective way therefore, with the same resources, firms will produce more units. This will cause an increase in total supply: at the same price, firms will offer more units. In this case, at prices $1, $2, $3, $4 and $5 the new quantities will be 6,8,10,12. In the demand and supply graph, this looks as shift to the right of the supply curve (figure attached).

It is not option B because the problem says increase in quantities "at these prices". It is not option C because an increase in taxes will increase costs of production, thus firms will decrease units of production. It is not option D because changes in income will affect demand.

4 0
2 years ago
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