Business, 07.11.2019 20:31 Spongebone4571

You have rented your first apartment, signing a lease that commits you to pay $500 each month for 12 months. you have an opportunity to take a trip to europe during the entire month of june and you will spend $2,000 traveling. your apartment will be vacant, but because of your lease, you must pay the rent. the cost of taking the trip to europe is:
a. $2,000, because the $500 for your june rent is a sunk cost
b. $2,500, because this is your total spending during the month of june
c. $1,500, because the june rent is an opportunity cost of traveling that must be deducted from the explicit cost of the trip.
d. $2,500, because the june rent is an opportunity cost of traveling and must be added to the explicit cost of the trip

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 11:00

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.

Answers: 3

Answer

Business, 22.06.2019 12:10

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%

Answers: 1

Answer

Business, 22.06.2019 19:30

Which of the following constitute the types of unemployment occurring at the natural rate of unemployment? a. frictional and cyclical unemployment.b. structural and frictional unemployment.c. cyclical and structural unemployment.d. frictional, structural, and cyclical unemployment.

Answers: 2

Answer

Business, 22.06.2019 21:20

In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources.b. (ii) determine how much of each good gets produced.c. (iii) can be used to predict the impact on the economy of various events and policies.d. all of (i), (ii), and (iii) are correct.

Answers: 3

Answer

You know the right answer?

You have rented your first apartment, signing a lease that commits you to pay $500 each month for 12...

Questions