If no other activity occurs in the account, the account will show a current SMA balance of is B) $15,000.
The current SMA balance in this combined margin account is $15,000. This is determined by subtracting the market value of the short position ($25,000) from the market value of the long position ($45,000).
The customer initially deposited the Regulation T requirement of $30,000, which is the difference between the long and short positions. As the market value of the long position has increased and the market value of the short position has decreased, the current SMA balance is the difference between the two, which is $15,000.
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compute the number of units started and completed this period.(b) compute the total equivalent units of production for conversion. the company uses the fifo method.
The number of units started and completed in this period is 416,000 and the total equivalent units of production for conversion is 850,000.
What are equivalent units of production?
The idea of equivalent units of production is used to calculate how much money partially finished products are worth to a business. They are helpful for process costing, which examines the flow of money across the production process. Equivalent units quantify the amount of labour put into a set quantity of tangible objects.
a. Units that started and completed = Units began in this period - Ending Work in process inventory
= 732,000 - 316,000
= 416,000
b. This is done in the given table.
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True/False: The most common reason that ethical problems occur in business is an overemphasis on long-run profit maximization.
Answer:
False
Explanation:
After discussions with your boss, you decide to focus your attention on advertising, one of the key promotional elements. Choose the type of media that you feel is the best channel for your advertising, keeping your target market and prior marketing mix decisions in mind.
The type of media that you feel is the best channel for your advertising is electronic media marketing mix decisions in mind. For this interactive channel with lots of media, costs are still rather affordable.
What is marketing mix?
As an element of an each- encompassing marketing strategy, a marketing blend encompasses numerous areas of emphasis. The expression constantly alludes to the bracket known as the four Ps, which firstly stood for product, pricing, placement, and creation. A foundational business model known as the" marketing mix" historically concentrated on the four Ps of product, price, place, and promotion (also known as the" 4 Ps"). The expression" collection of marketing instruments that the establishment utilizes to pursue its marketing objects in the target request" refers to the marketing mix.
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which of the following types of bonds has specific assets pledged to guarantee repayment? multiple choice callable bond.
Collateralized bond
A bond type known as a collateralized bond is one that is supported by particular assets, or collateral, that have been pledged as security for the bond's repayment in the event of default. As a result, if the bond's issuer is unable to pay interest or principal, the bondholder may seize the assets pledged as collateral in order to recover their losses. Since the existence of collateral offers some level of investor protection, collateralized bonds are often viewed as being lower risk than unsecured bonds.
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Milne Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $88. The current price is $98 per share, and there are 48 million shares outstanding. The rights offer would raise a total of $80 million.What is the subscription price? (Round the final answer to 2 decimal places.)
A total of $80 million would be raised via the rights deal. The cost of the subscription is 2.35.
What is the cost of the subscription?
At a set cost known as a subscription price, current shareholders may participate in a public company's rights offering. The price at which a stock's warrant holders can exercise their rights is also referred to by this term. A company may at different times issue warrants in addition to debt offers.
The cost of subscriptions may vary slightly from one owner to the next. The identical subscription price, which is frequently less than the underlying stock's current market value, will be paid by each shareholder. Shareholders can retain their proportionate ownership in the business by participating.
Calculation:
Ex-rights price = (current price × shares outstanding + amount raised) ÷ (current shares + amount raised/subscription price)
[tex]88 = \frac{(98*48+80)}{(\frac{(48+80)}{Subscription Price} )} \\88 = \frac{4784}{(\frac{(128)}{Subscription Price} )} \\\frac{128}{Subscription price} = \frac{4784}{88}\\ \frac{128}{Subscription Price} = 54.36\\Subscription Price = 2.35[/tex]
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FILL THE BLANK _______________ is typically the preferred marketing communications tool for business marketing, whereas ______________ is normally emphasized in consumer marketing situations.
Personal selling is typically the preferred marketing communications tool for business marketing, whereas advertising is normally emphasized in consumer marketing situations.
What is personal selling?
When a salesperson meets with a potential customer to close a deal, this is known as personal selling. A sequential sales process with typically nine steps is used by many salespeople. For all or a portion of the sales process, some sales professionals write scripts. Telemarketing and in-person interactions both employ the sales process.
Personal selling is described as "the process of person-to-person conversation between a salesperson and a prospective customer, in which the latter strives to meet the latter's requirements by providing the latter with the chance to purchase something of value, such as a good or service." The phrase can also be used to describe a scenario in which a business relies heavily on its sales force to interact with clients.
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Last Word) In examining the relationship between student loans and college tuition, the New York Federal Reserve Bank found that Last Word) In examining the relationship between student loans and college tuition, the New York Federal Reserve Bank found that
Multiple Choice
increases in tuition costs caused an increase in student borrowing.
subsidizing the supply of higher education has increased both tuition costs and student borrowing.
while student borrowing and tuition costs have both risen over time, there is no causal relationship between the two.
increases in student borrowing caused tuition costs to rise.
increases in student borrowing caused tuition costs to rise. So correct answer is d.
What does the term "borrowing" mean?to borrow money from a bank or another financial institution and pay it back gradually: We had to take on significant debt to survive, just like so many other businesses at the time. We could always get a bank loan for a little cash.
A resource-deficient person or entity borrows money from a resource-surplus person or entity on mutually agreed-upon commercial or noncommercial terms. Purpose. The money lent to the borrowing company typically receives interest.
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true/false. hasbro, incorporated, produces popular games such as trivial pursuit, scrabble, and monopoly. the following are several of the accounts from a recent balance sheet. required: indicate how each account normally should be categorized on a classified balance sheet. also indicate whether the account normally has a debit or credit balance.
The term balance sheet refers to a financial statement that shows a company's assets, liabilities, and equity at a particular point in time. The balance sheet forms the basis for calculating investor returns and assessing a company's capital structure.
Simply put, a balance sheet is a financial statement that provides a snapshot of what a company owns and owes and how much its shareholders have invested. The balance sheet can be used along with other important financial statements to perform fundamental analysis and calculate financial ratios.
A balance sheet is a type of financial statement that lists a company's assets, liabilities, and equity. One of the three primary financial statements used to determine a company's value is the balance sheet.
Gives a picture of the company's financial situation as of the publication date (what you own and what you owe).
The balance sheet follows an equation that equates assets to the sum of liabilities and equity. Fundamental analysts use balance sheets to calculate financial ratios.
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gdpest analysis: group of answer choices generally starts with identifying relevant changes in the environment and then analyzing how relevant changes in the environment are opportunities and/or threats to the firm or industry being analyzed focuses on analyzing and assessing the attractiveness of the industry in which the focal firm competes. focuses on analyzing and assessing the the firm's resources and capabilities all of the above.
option (A), Finding relevant environmental changes and then determining the extent to which they create opportunities or dangers for the company or industry under consideration are common steps in the GDPEST analysis process.
What precisely does a PEST analysis entail?PEST Analysis is a measurement method used to evaluate markets for a specific industry or product over a set time period. PEST stands for political, economic, social, & technical elements. When these factors are carefully taken into account, organizations are able to make more informed business decisions.
What procedures make up a PEST analysis?The fundamental objective of PEST analysis is to comprehend what external forces might have an effect on your organization and how those forces might create possibilities or threats for your business. PEST analysis offers benefits for Recognize the current external forces affecting the business so you may base decisions on data rather than speculation.
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which of the following indices is (are) market-value weighted? i) the new york stock exchange composite index
All common equities listed on the New York Stock Exchange are followed by the NYSE Composite Index in terms of price changes.
Which of the following indexes is weighted by market value?The most popular kind of stock market index, or market value weighted index (MVWI), gives participants weights based on the size (market cap) of the firm. The S&P 500, NASDAQ, and FTSE 100 are a few instances of this type of index.
What US index considers price weights?a. The Dow Jones
As a price-weighted index, the Dow Jones derives its value from the price per share of each stock divided by a common factor. Charles Dow established the Dow in order to provide a straightforward manner to display the average price of equities in the market.
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For each of the following independent situations, indicate the amount the taxpayer must include in gross income:
a. Phil won $500 in the scratch-off state lottery. There is no state income tax.
b. Ted won a compact car worth $17,000 in a TV game show. Ted plans to sell the car next year.
c. Al Bore won the Nobel Peace Prize of $500,000 this year. Rather than take the prize, Al designated that the entire award should go to Weatherhead Charity, a tax-exempt organization.
d. Jerry was awarded $2,500 from his employer, Acme Toons, when he was selected most handsome employee for Valentine's Day this year.
e. Ellen won a $1,000 cash prize in a school essay contest. The school is a tax-exempt entity, and Ellen plans to use the funds for her college education.
f. Gene won $400 in the office March Madness pool.
The following amount the taxpayer must include in gross income are:
a. The gross income of Phil is $500
b. The gross income of Ted is $17,000
c. The tax are exempt because the entire award is excluded. The award is excluded because it was for literary, or charitable achievement, scientific, and the taxpayer immediately transferred the award to a qualified charity.
d. The gross income of Jerry is $2,500
e. The gross income of Ellen is $1,000
f. The gross income of Gene is $400
In the term of economic and business, the gross income generally can be defined as the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings. Gross income can be calculated by using the sum of all wages before any deductions or taxes.
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timothy works in the graphic arts departments and has received approval to upgrade his video card. the card has arrived, and you are ready to begin the upgrade by replacing the old video card with the new one in his workstation. to ensure your personal safety, which of the following should you do first?
Professional provider technicians use grounding straps to reduce the possibilities of electrostatic discharge (ESD) in the course of everyday computer maintenance work involving digital devices. These antistatic devices can be positioned round the wrists or ankle to ground the technician to the device being labored on
What be your top precedence when responding to emergencies and hazardous situations?When an emergency occurs, the first precedence is continually lifestyles safety. The 2d priority is the stabilization of the incident. There are many movements that can be taken to stabilize an incident and minimize possible damage. First useful resource and CPR with the aid of educated personnel can keep lives.
An antistatic gadget is any machine that reduces, dampens, or in any other case inhibits electrostatic discharge, or ESD, which is the buildup or discharge of static electricity.
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https://brainly.com/question/29383879#SPJ4To discover how a target audience might react to a new ad campaign marketing executives ____________.
A) brainstorm among themselves.
B) conduct focus groups.
C) brainstorm with marketing executives from other firms.
D) start the campaign and then poll people on its effectiveness.
To discover how a target audience might react to a new ad campaign marketing executives conduct focus groups.
What is the focus group?A focus group is a research technique that is employed to gather comments and suggestions from a group of people regarding a certain good, idea, or service. The group usually consists of 8–10 individuals who are asked to share their ideas, feelings, and opinions during a discussion that is facilitated.A focus group is a small group interview with participants who have other characteristics or experiences in addition to having a comparable demographic. Their responses to queries posed by the researcher or assessor are investigated.A focus group is a research technique that assembles a small group of individuals to respond to questions in a controlled environment. The questions are intended to provide light on an interesting topic, and the group is selected based on predetermined demographic characteristics. It is one of four distinct interview kinds.Learn more about focus group refer to :
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which is a macroeconomic topic? please choose the correct answer from the following choices, and then select the submit answer button. answer choices the number of employees of cnn (the cable news network) the unemployment rate the price of gasoline the profit of general motors
Unemployment Rate is an important macroeconomic indicator that measures the percentage of people in the labor force who are currently without jobs but actively seeking employment.
It is a key indicator of economic health, as a high rate of unemployment suggests that the economy is not performing well and there is little job creation and consumer spending.
On the other hand, a low rate of unemployment indicates that the economy is doing well, with job creation and consumer spending increasing.
Knowing the current unemployment rate can help policymakers make decisions on how to manage the economy and address any potential economic issues.
Additionally, it can give an indication of whether the labor force is being utilized efficiently and what measures can be taken to improve labor productivity. Overall, the unemployment rate is an essential metric in assessing the state of the economy and making informed decisions.
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irms u and l both have a return on invested capital (roic) of 12% and each has the same amount of assets. firm u is unleveraged, i.e., it is 100% equity financed, while firm l is financed with 50% debt and 50% equity. firm l's debt has an after-tax cost of 4.8%. both firms have positive net income. which of the following statements is correct?
According to the statement, Firm L has a lower ROA than Firm U.
How is ROIC determined?A company's capital allocation to profitable initiatives or investments is measured using the concept of return on invested capital (ROIC). Divide net operating profit after tax by invested capital to obtain return on invested capital (ROIC).
Are ROIC and ROI the same thing?In contrast to ROIC, ROI is not the same. The term "return on investment," or ROI, refers to the amount of money a business makes from its investments. The term ROIC, or return on invested capital, refers to a more precise calculation that takes into account a company's earnings as well as its investments.
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Assessment A Saved All-Star Automotive Company experienced the following accounting events during 2018: 19 8 02:49:46 1. Performed services for $15,900 cash. 2. Purchased land for $8,900 cash. 3. Hired an accountant to keep the books. 4. Received $49,000 cash from the issue of common stock. 5. Borrowed $11,800 cash from State Bank. 6. Paid $5,900 cash for salary expense. 7. Sold land for $11,800 cash. 8. Paid $4,900 cash on the loan from State Bank. 9. Paid $6,100 cash for utilities expense. 10. Paid a cash dividend of $2,900 to the stockholders. Required Chapter 1 - Assessment Saved January 1, 2018 19 Complete this question by entering your answers in the tabs below. 02:49:46 Required A Required B Prepare a statement of cash flows for 2018. Assume All-Star Automotive company had a beginning cash balance of $10,900 on January 1, 2018. (Amounts to be deducted should be indicated with a minus sign.) ALL-STAR AUTOMOTIVE COMPANY Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: Chapter 1 - Assessment a Saved Cash flows from investing activities: 19 . Net cash flow from investing activities Cash flows from financing activities: 02:49:45 Net cash flow from financing activities Ending cash balance < Required A Required B
The statement that details the company's cash intake and outflow is called the cash flow statement. Knowing this financial information is crucial.
What qualities define a company?
An group of persons who donate money or money's worth to a common fund and use it for a purpose is referred to as a company. It is a made-up individual that exists as a corporate legal entity, distinct from its shareholders or core members, and uses a single authentication method for its signature. As a result, it has a few distinct characteristics that set it apart from other forms of organisations.
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which of the following is the responsibility of the customer according to the shared security model?
Managing AWS Identity and Access Management (IAM) is the responsibility of the customer according to the shared security model.
What is AWS Identity and Access Management IAM?You may securely manage access to AWS resources with the aid of the web service known as AWS Identity and Access Management (IAM). IAM enables you to centrally manage the permissions that regulate who can access which AWS resources. IAM allows you to manage who has access to resources and who is authenticated (signed in) and authorised (has permissions).Two categories of managed policies exist: AWS managed policies - AWS creates and maintains managed policies. Managed policies that you establish and control in your AWS account are known as customer managed policies.IAM (identity and access management) makes ensuring that the appropriate individuals and job functions within your business have access to the resources they require to perform their duties.Completed question :
Which of the following is the responsibility of the AWS customer according to the Shared Security Model?
A
Managing AWS Identity and Access Management (IAM)
B
Securing edge locations
C
Monitoring physical device security
D
Implementing service organization Control (SOC) standards
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Which of the following can help employees determine the right course of action to take in an ethical dilemma?
Select one:
A. An ethics audit
B. Contracts
C. A code of ethics
D. Promotional communication
E. A defamation policy
Option c: A code of ethics. A code of ethics can help employees determine the right course of action to take in an ethical dilemma.
A Code of Professional Ethics provides a set of guidelines that teams and organizations can use to make good decisions in the workplace.
You can set baseline expectations for what is socially acceptable and how to approach a problem.
A code of professional ethics helps employees work with integrity and integrity and can contribute to a healthier work environment.
The Code of Professional Ethics is intended to ensure that employees behave in a socially acceptable and respectful manner.
Establish a code of conduct and let all employees know that consistent compliance is expected. It also provides the basis for proactive warning when employees violate the Code of Conduct.
A code of ethics has value not only internally as a professional guide, but also externally as a statement of a company's values and commitments.
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which of the following does a business exhibit when it describes itself in terms of goods and services rather than in terms of the benefits customer seek
Marketing myopia does a business exhibit when it describes itself in terms of goods and services rather than in terms of the benefits customer seek.
marketing Myopia is what?The marketing myopia Levitt refers to is a failure to understand what a company is doing for its clients. Often, businesses are oblivious to the future because they devote so much time, effort, and resources to what they are doing right now. One of the main contributors to marketing myopia is disregarding or ignoring what your customers want or expect from your business. Your company will progressively develop marketing myopia if you don't pay attention to the requests, recommendations, or feedback of your clients and, as a result, don't make any improvements to your goods or services.
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we can find an acute triangle with the three altitude lengths $1$, $2$, and $h$, if and only if $h^2$ belongs to interval $(p,q).$ find $(p,q)$.
The value of (p, q) based on the information about the triangle will be 0.8 we 1.3
How to calculate the valueBased on the information given, it should be noted that h will be:
h = 1.2/ ✓(1² + 2²)
h = 2 / ✓5
h² = 4/5
h² = 0.8
h = ✓0.8
p = 0.8
Also, 1 = 2h / ✓(4 + h²)
✓(4 + h²) = 4h³
3h² = 4
Divide
h² = 4/3
h² = 1.3
q = 1.3
Therefore, the value of (p, q) based on the information about the triangle will be 0.8 we 1.3
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which of the following are reasons why marketing is important to economic growth and development? (check all that apply.)
Marketing is crucial to the expansion and development of the economy since it:
1.sales and consumer demand growth drive innovation
2.bolster entrepreneurship and small business growth, boost brand recognition and reputation, and promote globalisation.
Marketing stimulates consumer demand for goods and services, resulting in more sales and economic expansion.
- Marketing encourages innovation and the creation of new goods and services through consumer input and market research.
-Jobs in the marketing sector are available for specialists in advertising, market analysis, and product development.
-A company's success may be influenced favourably by effective marketing since it builds brand recognition.
-In order to compete with larger organisations, small firms frequently rely on marketing to reach customers.
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Specializing and participating In international trade allows an economy to: Check all that apply. Increase the quantities of capital and consumer goods available to society. get more of a desired good by sacrificing greater amounts of some other good. circumvent the output limits imposed by its own production possibilities curve. divert high - skilled resources toward low - valued services.
The highest level of output for a given set of resources may be seen on the production potential curve, which is why it is so important.
What is meant by production possibilities curve?The production possibilities curve (PPC) is a graph that shows all the conceivable output combinations given the resources and technology available.
The production possibility curve is crucial because it can show the highest level of output for a given set of resources. This can aid economists in understanding and projecting a nation's or other unit's productive activities on a macroeconomic level.
The maximum amount of goods and services that can be produced in an economy is represented by a curve known as the production possibility curve. This is covered briefly in the curve's discussion. However, due to the scarcity of resources in nature, consumers must choose between many products that can be developed.
Therefore, the correct answer is option
c) circumvent the output limits imposed by its won production possibilities curve.
d) increase the quantities of capital and consumer goods available to society.
The complete question is:
Specializing and participating in international trade allows an economy to:
a) get more of a desired good by sacrificing greater amounts of some other good.
b) divert high-skilled resources toward low-valued services
c) circumvent the output limits imposed by its won production possibilities curve
d) increase the quantities of capital and consumer goods available to society.
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Wanda Corp. currently uses a job shop process. It wants to maintain the advantages of this but increase efficiency. Wanda should investigate:
a. cellular manufacturing
b. job shop processes
c. mass customization
d. project process
Option C is correct. The fixed-position format is satisfactory used for the manufacturing of large products like airplanes, giant buildings, and ships.
Which type of enterprise would most likely use batch invoices?Batch invoicing is best for businesses that furnish a preferred or activities service. The offerings may all be grouped under a few line items on an invoice that needs no similarly explanation for the consumer to recognize what was once carried out and what they are paying for.
Product layouts can generate a giant volume of merchandise in a brief time. Cost. Unit value is low as a end result of the excessive volume. Labor specialization results in decreased education time and cost.
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https://brainly.com/question/29214999#SPJ4in the context of straight rebuy situations, to maintain strong relationships with customers and to ensure that they do not consider other suppliers, salespeople must___.
Give great customer service and stay in touch with consumers to learn about their needs and take care of any issues.
People or organisations that buy goods and services for their own or commercial purposes are considered consumers. Their demand drives the creation and provision of goods and services, which is why they are so important to the economy. Customer satisfaction and loyalty can be attained by offering high-quality products at reasonable prices, which can increase customer satisfaction and loyalty. Effective marketing and customer service are also crucial for attracting and keeping customers. To adjust their offerings and satisfy the shifting needs of the market, businesses must comprehend the needs and desires of their clients. Poor customer service and subpar goods can harm a company's reputation and push customers to rivals, whereas strong customer relationships and a positive reputation can encourage repeat business and word-of-mouth recommendations.
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Changes in incentives Suppose that a large influx of electric scooter rentals in a crowded downtown area results in a lot of new riders on the streets. For their safety, the mayor of the cty decides to enact a law requiring helmets when renting scooters. These new helmets reportedly decrease the probability of infury by
29%
in the event of a scooter crash. While the new heimets the probability of injury resultily from a scooter accident, they also incentivize individuals to ride rechessily, which could the number of scooter collisions and therefore infuries to renters.
Incentives may change assuming the governor decides to enforce requirement that all registered vehicles be roadworthy due to increase in traffic collisions seen on state roadways.
What is an incentive?In general, incentives refer to any techniques used to change someone's behaviour. The importance of incentives is emphasised by the basic tenet of economics and behavioural principles, which hold that stronger incentives lead to greater levels of effort and, as a result, higher levels of performance. The two forms of rewards that can be categorised are extrinsic and intrinsic incentives. Internal advantages come in many forms. For instance, taking part in activities can boost one's self-esteem and sense of accomplishment. This means that when a person is intrinsically motivated, they perform a certain task for their own satisfaction rather than hoping for benefits from others or feeling pressured to finish it.
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_____, according to Weber, is (are) a large group of people who rank close to one another in property, power, and prestige
However according Weber, social class is (are) a sizable collection of people that rate similarly in terms of wealth, power, and prestige (D) Seems to be the best option.
Wealth is the entire cost of all one's possessions, less any obligations.
According to the Mount Everest analogy, the average American family's income is roughly 15 feet above the earth. Some American families, however, had incomes that might be compared towards the elevation of something like the mountain.
Power is the capacity to impose your will, especially in the face of opposition from others.
The term "income" refers to the earnings so a customer gets, typically from such a job, a corporation, or possessions.
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which of the following is the journal entry made by an investor company to record its share of the income from an investee company?
Option C. To Share of Profit: This is the journal entry made by an investor company to record its share of the income from an invested company
The journal entry made by an investor company to record its share of the income from an invested company is "To Share of Profit". This entry is used to record the amount of income earned by the investor company from the invested company. This amount is typically calculated based on the investment made by the investor company in the invested company. The amount of income earned is then recorded in the investor company's books of accounts under the "Share of Profit" account. This entry is used to keep track of the investor's share of the income generated by the invested company.
Here's the full task:
Which of the following is the journal entry made by an investor company to record its share of the income from an invested company?
Choose the right answer:
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in comparison to industry averages, okra corp. has a low inventory turnover, a high current ratio, and an average quick ratio. which of the following would be the most reasonable inference about okra corp.?
The most reasonable inference about Okra Corp is that it has a large inventory of products that are not being sold quickly, which suggests that the company is not efficiently managing their inventory.
What do you know about Okra Corp?
Okra Corp is a technology company based in the United States and founded in 2017. It is focused on developing innovative solutions for a variety of industries, including finance, healthcare, and education. Okra Corp's mission is to use the latest technologies to improve the way people interact with their data, making it easier to understand and use. Their products provide users with a variety of tools, such as API support and data analytics, to help them better manage their data. Okra Corp also offers a range of services, including consulting, custom development, and data management. With its focus on data-driven solutions, the company is set to become an important player in the data industry. The company is continually innovating and is always looking for ways to improve their products and services.
Finally, the average quick ratio indicates that the company has enough liquid assets to cover its current liabilities, which suggests that it is able to pay its short-term debts.
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TRUE/FALSE. in 1973 and 1979, the u.s. federal government imposed price ceilings on gasoline which resulted in surpluses of gasoline.
False. The US federal government did not impose price ceilings on gasoline in 1973 and 1979, but instead imposed price controls as a response to the oil crisis.
The controls were intended to stabilize prices and ensure a fair distribution of gasoline supplies. However, the price controls resulted in shortages, not surpluses, as they led to a decline in production and refining of gasoline, and long lines at gas stations. The controls also resulted in widespread rationing and black market activity. The US government eventually lifted the price controls, but not before they contributed to the inflationary pressures of the 1970s and 1980s. In conclusion, price controls imposed by the US federal government on gasoline in 1973 and 1979 resulted in shortages, not surpluses, and had a significant impact on the economy.
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suppose teresa is currently using combination d, producing one knit cap per day. her opportunity cost of producing a second knit cap per day is
The answer is 2 knits per day, which is her opportunity cost of producing a second knit cap per day.
What is opportunity cost and an illustration?The value of the resource's next-highest-valued alternative usage is what economists mean when they talk about a resource's "opportunity cost." You cannot use that time and money to watch a movie, for instance, and you also cannot read a book at home during that period.
What else goes by the name "opportunity cost"?As the next best option, opportunity cost is an often used term. This loss of gain, sometimes referred to as the alternative cost, is what would have been lost if a different alternative had been chosen.
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