Opportunity cost is
a. the same thing as the money price of a good.
b. the value of the next best alternative which was given up.
c. the combined value of all the alternatives not selected.
d. based on the intrinsic value of the good itself
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Opportunity cost is a. the same thing as the money price of a good. b. the value of the next best alternative which was given up. c. 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
Does the National Labor Relations Act give an employer the right to plead with workers to refrain from joining unions using promises of benefits?
Answers (1)
Jerry has an insurance policy with a premium of $150 per month. In June, he's in an accident and receives a bill with a total cost of $6000. His deductible is $1500, and his coverage limit is $4000. How much does Jerry owe in June?
Answers (1)
EA15. LO 7.4Cold X, Inc. uses this information when preparing their flexible budget: direct materials of $2 per unit, direct labor of $3 per unit, and manufacturing overhead of $1 per unit. Fixed costs are $35,000.
Answers (1)
Carriage Inc., a steel manufacturing company, is planning to buy a new plant. The internal rate of return provided by the new plant is 6%. The cost of capital for Carriage Inc. is 8%.
Answers (1)
18. Callon Industries has projected sales of 67,000 machines for 2012. The estimated January 1, 2012, inventory is 6,000 units, and the desired December 31, 2012, inventory is 15,000 units. What is the budgeted production (in units) for 2012?
Answers (1)
New Questions in Business
Suppose that today, the current yield for a corporate bond is 4.3%. If the market price goes up by 11% tomorrow, compute the current yield after the increase.
Answers (1)
Determine the future amount if $240,000 is to be received 5 years from today, at 10 percent annual interest.
Answers (1)
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value.
Answers (1)
Tirri Corporation has provided the following information: Cost per UnitCost per Period Direct materials$7.35 Direct labor$3.55 Variable manufacturing overhead$1.40 Fixed manufacturing overhead $24,100 Sales commissions$1.
Answers (1)
A what type of budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year
Answers (1)