Answer:
The opportunity cost is $24,000
Explanation:
Giving the following information:
Suppose your expenses for this term are as follows:
tuition: $12,000
Room and board: $6,500
Books and other educational supplies: $1,500.
Further, during the term, you can only work part-time and earn $3,500 instead of your full-time salary of $14,000.
Costs of college:
tuiton= 12000
Books= 1500
Lost of salary= 10,500
Total= $24,000
The best and most correct answer among the choices provided by the question is the second choice. He has to have negative marginal returns. I hope my answer has come to your help. God bless and have a nice day ahead! Feel free to ask more questions.
A competitive market refers to a market where there is no monopoly of producers of goods and services, therefore, competition is high because they all have mission to satisfy the wants of a large consumers.
The characteristics of a competitive market are:
- Homogeneity of product: The product are made by different producers and encourages competition.
- There are existence of many buyers and sellers in the market.
- There is an access to derive perfect information on price of a product at any outlet in the market.
- There are no charges for transaction costs in a competitive market
- No barriers to entry into or exit.
In conclusion, there is no producers which can affect the market price through its supplying rate because there are excess supply of similar product in the market.
Learn more about competitive market here
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Answer:
Idk if this is the right answer but I Google it and I got virtual reality/artificial intelligence and autonomous vehicles
The calculated profit per unit for base-case, worst-case is, and best-case for the management of Brinkley corporation is:
<h3>The Profit per unit for base-case:</h3>
45 - 1 1- 24 - 3 = $7
<h3>Profit per unit for worst case:</h3>
45 - 12 - 25 - 3 = $3 per unit
<h3>Profit per unit for best case:</h3>
45 - 10 - 20 - 3 = 12$ per unit
b. The mean profit per unit is given as $7.05
c. The reason the simulation approach is preferable is due to the fact that it can help to determine the probability of profit as a particular amount, unlike the what-if scenario analysis.
It can also create different scenarios for possible resources.
d. The probability of the fact that the profit per unit woul be less than 5 is 9%
Read more on risk analysis here: brainly.com/question/6955504