Answer:
Jameson’s opportunity cost of producing one pound of cheese is 0,002 house(s).
Explanation:
Opportunity costs represent the benefits an individual, investor or business misses out on when choosing one alternative over another. Resources are limited, therefore the decision to make a quantity of product A limits the amount of producing product B.
In this exercise, Jameson has the resources to produce 5000 pounds of cheese or 10 houses per year or a combination of both.
To calculate the opportunity cost you need to determine how much of a house is 1 pound of cheese.
Opportunity cost= 10house/5000pounds= 0,002
<u>So to produce 1 pound of cheese you need 0,002 of a house.</u>
Answer:
correct option is B: $29,000
Explanation:
given data
apartments = 15
family homes = 45
office buildings = 25
pay for cleaning staff = $12.50/hour
solution
we get here Total Budgeted hours that is
type Number Hrs/Clean No of Cleans Total Hours
Apartments 15 4 4 240
Homes 45 6 4 1080
Office 25 10 4 1000
Total Budgeted hours need per month 2320
Budgeted cost per month that is 12.50/hrs so it will 29000
so correct option is B: $29,000
Answer:
r= 3
Explanation:
Due that the level price does not changed, the first thing that you have to do to find the equilibrium is put the two equations with an equal
Money demand =Supply of money
2,200 – 200 r= 2,000
Now you have to find the value of r and you have to clear the formula and first you have to:
2,800- 2,200 = 200r
Now that you have the number together you have to apply the operation
600 = 200r
As the 200 is multiplying the r you have to pass the 200 to divided the 600
r= (600/200)
r= 3%
The interest rate is 3%
The answer is <span>convergent adaptation
</span><span>convergent adaptation refers to a situation when individuals from different lineages develop a similar feature for the purpose of survival. For the most part, this phenomenon is caused ecause both individuals are also exposed to similar external stimulus
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