Your aunt is thinking about opening a hardware store. She estimates that it would cost $400,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant. What is the opportunity cost of something?
(A) The time it takes to do something
(B) What must be given up to acquire it
(C) Cost to produce it
(D) What you pay
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Your aunt is thinking about opening a hardware store. She estimates that it would cost $400,000 per year to rent the location and buy the ...” 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
Operating conditions can be adjusted to be carburizing, oxidizing, or neutral Group of answer choices Plasma Arc Welding (PAW) Oxyacetylene Welding (OAW) Resistance Spot Welding (RSW) Electron Beam Welding (EBW) Gas Tungsten Arc Welding (GTAW) Laser
Answers (2)
Col1 Firm A B C D E col2 Market Share (%) 40 30 20 5 5 Refer to the data. Suppose that enforcement of antitrust laws resulted in any firm in this industry with market share above 20 percent to be split into two firms, with each having equal market
Answers (1)
Newhard Company assigns overhead cost to jobs on the basis of 111% of direct labor cost. The job cost sheet for Job 313 includes $27,656 in direct materials cost and $10,400 in direct labor cost. A total of 1,550 units were produced in Job 313.
Answers (1)
Pierre, a cash basis, unmarried taxpayer, had $2,180 of state income tax withheld during
Answers (1)
Assess your individual capability for project teamwork. Tell why you feel you are strong in certain capabilities, and give strategies for improving in areas you feel you need to develop
Answers (1)
New Questions in Business
What is the difference is between saving and investing?
Answers (2)
Which of the following is not an example of a cost and its related cost driver? Cost Cost Driver A. Rent Square feet B. Transportation Miles driven C. Direct labor hours Indirect labor D. Utilities Machine hours
Answers (1)
Glass walls a. can be easily broken and with the elimination of those barriers, people can get ahead. b. enable peoples talents and success to be seen by those on the other side. c.
Answers (1)
Suppose Stark Ltd. just issued a dividend of $2.57 per share on its common stock. The company paid dividends of $2.20, $2.31, $2.38, and $2.49 per share in the last four years.
Answers (1)
Mulherin's stock has a beta of 1.23, its required return is 11.75%, and the risk-free rate is 2.30%. What is the required rate of return on the market? (Hint: First find the market risk premium.) Do not round your intermediate calculations. a. 9.
Answers (1)