Options:
A. $20
B. $200
C. $40
D. $400
Answer:C. $40
Explanation: Opportunity cost is a term used in Economics to describe the value of the next most profitable alternative of this an investor puts his or her resources into,in this case the opportunity cost for Bubba is the percentage of the interest which Bubba earned from the interest.
Opportunity cost for Bubba can be calculated as follows
(2%/100)* $2,000=$40.
Opportunity cost helps economists to ensure that resources are effectively put to use.
Answer:
False
Explanation:
Since for finding out whether the offer is accepted or not, first we have to determine the total cost at 600 number of players and for 601 number of players which is
The total cost of 600 players is
= 600 × $300
= $180,000
The total cost of 601 players is
= 601 × $301
= $180,901
Now the marginal cost is 601 player is $901 which is difference between the $180,000 and $180,901 that is higher than the offered price i.e $550
Therefore, the offer should not be accepted
Answer:
The answer is (A) it is the pattern where an individual step off the career track or plateaus to accommodate the demands of raising children.
Explanation:
Sequencing occurs, more often than not, to women who choose to bear children and take care of them at home. It refers to the idea that individuals who choose to raise children, must choose to forgo their professional pursuits by changing their focus to managing the family life, for a period of time that they have decided on. Thus, after those time period, the individual can then shift their focus again to their professional pursuits.