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Mekhanik [1.2K]
2 years ago
10

Madeline spends all of her spare money on widgets, which cost $2 each, and gizmos, which cost $3 each. What is her opportunity c

ost if Madeline buys 12 widgets?
Business
1 answer:
RUDIKE [14]2 years ago
6 0

Answer:

The correct answer to the following question is that the opportunity cost of Madeline would be 8 units of gizmos .

Explanation:

Opportunity cost can be defined as the benefit or gain that a person might have got or earn if he or she had not selected the current alternative. In this question Madeline has bought 12 widgets, now these widgets cost $2 each , so she has spend $24 ( $2 x 12 ) on the widgets. So here her opportunity cost would be the gizmos that she could have bought , that is $24 / $3 = 8 units

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The interest rate is 10% but the government offers you a subsidized perpetual loan for $1m at 5%. in other words, you get the $1
DochEvi [55]

Answer:

The worth of loan subsidy at 5% is $1000000 and at 10% is $500000.

Explanation:

The subsidized perpetual loan offer by government = $1000000

Interest rate = 5%

The amount paid for forever = $50000

Below is the calculation to find the worth of loan subsidy for forever.

Amount paid to the government for forever at 5% interest.

Total subsidy loan worth at 5% = $50000 /5% = $1000000

The subsidy loan worth at 10% = $50000 /10% = $500000

The worth of loan subsidy at 5% is $1000000 and at 10% is $500000.

3 0
1 year ago
Kushman Combines Inc. has $20,000 of ending finished goods inventory as of December 31, 2017. If beginning finished goods invent
just olya [345]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Kushman Combines Inc. has $20,000 of ending finished goods inventory as of December 31, 2017. If beginning finished goods inventory was $10,000 and the cost of goods sold was $50,000.

We need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

50,000= 10,000 + cost of goods manufactured - 20,000

50,000 + 20,000 - 10,000= cost of goods manufactured

60,000= cost of goods manufactured

5 0
1 year ago
Kanska, an application development firm, received a contract to develop a mobile application for a company. The brief mentioned
Serjik [45]

Answer:

The information provided to Kanska was insufficient.

Explanation:

The onus was on the company to provide all the necessary information for Kanska to work with.

An application development firm only creates applications based on the requirements gathered from clients and if clients don't divulge all necessary information, there is bound to be dissatisfaction in service when the mobile application is provided.

3 0
1 year ago
Which of the following is true if the production volume​ decreases? A. average cost per unit decreases B. fixed cost per unit in
enot [183]

Answer:

B. fixed cost per unit increases

Explanation:

As we know that

If the production volume increases, the fixed cost per unit is decreases as it reflect an inverse relationship between the fixed cost per unit and the production volume

Let us take an example

Fixed cost = $20,000

Production volume = 100,000

Decrease in production volume = 80,000

So, the fixed cost per unit in the first case is

= 20,000 ÷ $100,000

= $0.2

And, the fixed cost per unit in the second case is

= 20,000 ÷ $80,000

= $0.25

Therefore, the fixed cost per unit increases

5 0
1 year ago
Sue now has $125. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding
hichkok12 [17]

Answer:

FV= $240.08

Explanation:

Giving the following information:

Sue now has $125.

Number of periods= 8 years

Interest rate= 8.5% with annual compounding

<u>To calculate the future value of the investment, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 125*(1.085)^8

FV= $240.08

8 0
2 years ago
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