Juanita and Gilberto need to decide which one of them will take time off from work to complete the rather urgent task of digging postholes for their new fence. Juanita is pretty good with a post auger; she can dig the holes in 30 minutes. Gilberto is somewhat slow; it takes him 3 hours to dig the holes. Juanita earns $120 per hour as a psychiatrist, while Gilberto earns $25 per hour as a cobbler. Keeping in mind that either Juanita or Gilberto must take time off from work to dig the holes, who has the lower opportunity cost of completing the task?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Juanita and Gilberto need to decide which one of them will take time off from work to complete the rather urgent task of digging postholes ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which statement about deposits are true? Check all that apply A. Deposits increase the checking account balance B. A deposit is money that is subtracted from a bank account C.
Answers (2)
A company spends $50,000 this year in research and development for a new drug to cure liver damage. By the end of the year, management feels confident that the new drug will gain FDA approval and lead to higher future sales.
Answers (1)
Problem PageQuestion Charmaine's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Charmaine $5.80 per pound, and type B coffee costs $4.15 per pound.
Answers (1)
Bristol, INC. paid $800 for a 4-month insurance policy on August 1 of the current year. On August 31, Bristol, Inc. made an adjusting entry to account for the insurance that expired during the month of August.
Answers (1)
A company under IFRS standards decides to include interest paid in the Financing Section of their Statement of Cash Flows.
Answers (1)
New Questions in Business
The pricing function is an integral part of the companies :
Answers (1)
A company calculates the value of inventory by using the lower-of-market valuation method. which value should the company report for the inventory item for the period?
Answers (1)
To test an herbal treatment for acid reflux disease, 100 volunteers who suffered from mild indigestion were randomly divided into two groups. Each person was given a month's supply of tea bags.
Answers (1)
A facility management pro forma cash flow statement has beginning accounts receivable and payable balances of ¥18,000,000 (Japanese Yen) and ¥20,000,000.
Answers (1)
Which of the following statements about the consumers' responses to rising gasoline prices is correct? a. Because gasoline is a necessity, consumers do not decrease their quantity demanded in either the short run or the long run. b.
Answers (1)