BUSINESS HIGH SCHOOL

An example of opportunity cost:a. Is sweets given up by a person who would never eat them even if he or she could.
b. Is the chinese food that you gave up when you chose to eat italian food.
c. Is the amount spent on buying movie tickets.
d. For a professor of economics is the pleasure that he or she derives from teaching economics.
e. Is the tuition that you pay to attend college.

Answers

Answer 1
Answer:

Answer: b. Is the Chinese food that you gave up when you chose to eat Italian food.

Explanation: Opportunity cost refers to the cost of the next best alternative foregone or sacrificed. When an individual chooses to take a certain action, then his opportunity cost of doing that will be the alternatives that he has foregone.

IT can be expresses as,

Opportunity cost = (Units sacrificed)/(Units Gained)

When the individual chooses Chinese food when he could have choose to eat Italian food, his opportunity cost will be the Chinese food that you gave up.

For other options there is no information on what was given up.

Related Questions

What organization was created to ensure workplace fairness in the United States?a. Federal Bureau of Investigation b. Right to Fair Work Commission c. Equal Employment Opportunity Commission d. Equal Workers' Rights Commission
Alan is developing a business impact assessment for his organization. He is working with business units to determine the maximum allowable time to recover a particular function. What value is Alan determining?
The major shortcoming of a barter economy is A. the requirement of specialization and exchange. B. that goods and services are not traded. C. that money loses value from inflation. D. the requirement of a double coincidence of wants.
Jealousy in the workplace can be detrimental to the natural formation of ________ between employees. A. Self management B. Confidence C. Respect D. Empathy
Natalie operates on a pretty tight budget. she is a price-conscious shopper and usually buys store or generic brands to save money. recently, however, natalie was given a pretty substantial raise. as such, she has altered her shopping patterns and now regularly buys more expensive, name-brand goods. this is an example of

Which visual aid best pinpoints precise amounts?bar graph
line graph
pictograph
pie chart

Answers

The correct answer for the question that is being presented above is this one: "line graph." The visual aid that best pinpoints precise amounts is the line graph. Line graph is very useful in displaying data or information that changes continuously over time and including precise values.

Answer:

Line graph is the answer!!

Explanation:

Paul Solomon is the owner of Solly's, an upscale restaurant in Tampa, Florida. Each year, Paul spends about $150,000 in advertising. As this year's ad budget decision must be made, Paul decides that he wants to know just how good his advertising dollars are working for him. He hires Getty Research Associates who recommend that he establish a baseline of awareness. Getty recommends a TOMA study which stands for Top-of-Mind-Awareness. TOMA studies consist of taking a probability sample of the population and asking respondents to name the first three "insert type of business here." Obviously, for Solly's, Getty would be asking respondents to name the top three restaurants in the area. The percentage of respondents that named Solly's would be a baseline measure of awareness, and future promotions could be evaluated in terms of whether or not they increased awareness. While Paul was intrigued with online surveys because they were fast and less expensive, Getty recommended a traditional telephone survey using the local Tampa directory. Getty also explained to Paul that "Plus One dialing" could be used to ensure that unlisted numbers were included. Though the directory was quite large and no electronic version was available, Getty felt they could efficiently draw the sample using a:A) simple random sampleB) judgement sampleC) stratified sampleD) cluster, area sampleE) systematic sample

Answers

Answer:

E. systematic sample

Explanation:

Base on the scenario been described in the question, Paul Solomon the owner of Solly's, an upscale restaurant in Tampa, Florida, wants to know how good his advertising dollars is work, he hires Getty research to do this, Getty research advised to do a TOMA study, for Getty to draw it samples, they have to use systematic sampling.

Systematic sampling is a statistical method sampling that involves the selection of elements or members from a well ordered sampling frame.

Which of the following accurately describes the structure of the Supreme Court?a. nine associate justices
b. four junior justices, three associate justices, and the chief justice
c. eight associate justices and one chief justice
d. eight chief justices and one associate justice

Answers

There are nine members of the Supreme Court of the United States: one of them is the Chief Justice of the United States (currently John Roberts Jr.) and the remaining eight are associate justices

The correct answer is:
c. eight associate justices and one chief justice

the answer is c I just did the test and got it right

A convertible security is almost always: a security that can be converted into common stock at the holder's option. a debt security that can only be converted into preferred stock. a security that can be converted into any other type of security. a security that can be converted into common stock only at the option of the issuing corporation.

Answers

Answer:

a security that can be converted into any other type of security.

Explanation:

Convertible securities are securities (e.g. bonds) that can be converted into another security, usually into common or preferred stock, after an specified term of conversion ends. This specific term of conversion is set when the original security was issued.

The most common types of convertible securities are convertible bonds (that can be converted into common or preferred stock) and convertible preferred stock (that can be converted into common stock).

Jessica always thought the grace-period feature of her credit card was a wonderful idea because her charges were interest-free during the grace period. After taking Dr. Art Keown's personal finance course, she learned this startling truth about grace periods. a) Grace periods are actually beneficial to the credit card company
b) There are higher fees associated with grace periods
c) Most banks eliminate their grace period on new purchases if you don't pay your balance in full
d) All credit cards carry a grace period

Answers

Answer:

C. most banks eliminate their grace period on new purchases if you don't pay your balance in full

Explanation:

Jessica always thought the grace-period feature of her credit card was a wonderful idea because her charges were interest-free during the grace period. After taking Dr. Art Keown's personal finance course, she learned this startling truth about grace periods. Most banks eliminate their grace period on new purchases if you don't pay your balance in full

a data analyst studies the sales data obtained after each marketing campaign to determine the effectiveness of the campaign. when the findings are ambiguous, the analyst chooses to interpret the results positively. what type of bias does this represent?

Answers

This is confirmation bias, although the analyst chooses to interpret the results positively, he is trying to prove his own theory.

Sales data analysis is very crucial to understand the trends of the sales. Data analyst try to analyze the sales data to set goals, improve sales and forecast future sales, and also the revenue which will be generated after the sales.

Data analysis plays a vital role in any organization, the goal of data analysis is to simplify the information available  to you. Because not all people are able to understand complex sales data.

The bias used here is confirmation bias, it is our tendency to choose only those things that satisfies our theory. Here the analyst is trying to take positively that information which is ambiguous in nature just to prove his own theory.

Hence, This is confirmation bias, although the analyst chooses to interpret the results positively,  he is trying to prove his own theory.

To know more about confirmation bias:

brainly.com/question/30389081

#SPJ12
Other Questions
Competition among more shoe sellers will _____ the price of shoes. increase decrease not change
The president, chief financial officer, and chief operating officer of Jensen Mfg. meet annually to discuss the direction of the company including what products they will continue to offer and what new products they will introduce. Which level of strategic management does this represent?
Assume the market for extra-long twin mattresses is in equilibrium. There is a sudden decrease in income throughout the economy. If all else is held constant, we would expect that if extra-long twin mattresses are a(n) good, then the demand curve will shift to the causing the equilibrium price and quantity to inferior: left; fall normal; right; rise inferior; right: fall O normal; left: fall O normal; left: rise
On January 1, Year 1, Sam Co. entered into a contract with a customer to sell a machine for two annual payments of $144,049 starting at the end of Year 1. The customer obtains control of the machine at contract inception. The cash selling price of the machine is $250,000. Sam determined that (1) the contract includes a significant financing component and (2) the contract includes an implicit interest rate of 10%. What amounts of revenue and interest income from this contract, if any, were recognized by Sam in Year 2?