Business, 06.03.2020 22:58, kelseydavid69

I need some help please

Answers: 3

Show answers

Answers

answered: wellllm

D. All of the above.

Explanation:

These are the complete statements on which you must decide which are examples of ooportunity cost.

Which of these are examples of opportunity cost?

A. You skip buying new jeans and put the money in your college fund.

B.You deposit your entire paycheck in your investment account instead of cashing it and taking your buddies out to eat.

C. You bring your lunch to your part-time job instead of spending $8 on lunch.

You put the $8 in your savings account.

D. All of the above.

Solution

The opportunity cost is the benefit that you stop perceiving when you undertake an activity that produces other benefits: the activity that you carry out brings you a benefit, the cost of which is the benefit that you stop perceiving when you cannot carry out the other activity; that is what opportunity cost is.

Example A. You skip buying new jeans and put the money in your college fund.

When you put money in your college fund, the benefit is the accumulation of wealth that will later allow you to go to college and have the education that you want.

What is left? The new jeans.

Thus, the opportunity cost is the new jeans.

Hence, this is an example of opportunity cost.

Example B.You deposit your entire paycheck in your investment account instead of cashing it and taking your buddies out to eat.

The benefit is the accumulation of money in your investement account, which will enlarge your wealth.

What is left? Taking your buddies out to eat.

You're giving up taking your friends out for dinner, which would be a nice activity for you. So this is a cost: the opportunity cost of depositing your entire paycheck in your investment account.

Hence, this is an example of opportunity cost.

Example C. You bring your lunch to your part-time job instead of spending $8 on lunch. You put the $8 in your savings account.

What is your benefit: putting the $8 in your savings account, which will give you greater financial strength, peace of mind, and the ability to make mandatory payments or buy something else in the future.

What are you giving up?

The possibility to buy a lunch which could be tasty, nutritious, and healthy (or not).

Hence, the possibility to buy a lunch is your opportunity cost. Imagine this is a low cost for you, for instance if you do not like the lunch that you can buy with the $8, then it will be an easy decision because the benefit of bringing your own lunch is much greater than the opportunity cost.

As you see, this is also an example of the concept of opportunity cost.

Conclusion:

All are examples of opportunity cost (option D.)

answered: Guest

Yes i believe the answer is b. it seems to be the most logical answer. hope this . : )
Will give brainliest to correct answer using the information in the graphic, determine which of the

Will give brainliest to correct answer using the information in the graphic, determine which of the

answered: Guest

Sample response: tara should research cheaper colleges, living at home while attending school, and good savings plans. this is the answer that they are looking for on edgenuity

Other questions on the subject: Business

Business, 22.06.2019 11:20, leshayellis1591

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:

Answers: 1

continue

Business, 22.06.2019 13:40, vanessam16

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:

Answers: 3

continue

Business, 22.06.2019 14:20, kevinglvz

Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?

Answers: 1

continue

Business, 22.06.2019 16:00, winstonbendariovvygn

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Answers: 3

continue

Do you know the correct answer?

I need some help please
...