A group of college students start a dog-walking service. At the end of the first month, they meet to discuss their business performance. Which statement reveals sound economic thinking in their analysis? A. We were profitable, because our total costs exceeded our total revenues. B. In considering our costs, we need to include what we could have earned by working at part-time jobs instead. C. The ethics of dog ownership need to be evaluated before proceeding with our business. D. The only relevant consideration is the total of our explicit costs. E. We want to continue to maximize the number of utils we gain as a business.

Answers

Answer 1

Answer:

B. In considering our costs, we need to include what we could have earned by working at part-time jobs instead.

Explanation:

When the group of college students include, in their analysis of costs, what they could have earned by working at part-time jobs instead, they are including the opportunity cost.

The opportunity cost is what is given up to do something: the cost of not choosing an alternative.

Including opportunity costs in their cost-benefit analysis reveals sound economic thinking.


Related Questions

A(n) ________ ad tries to convince consumers that everyone else is already buying and enjoying the product, and they should too.

Answers

Answer: Bandwagon

Explanation: Advertisements which are structured in other to pounce on the emotion of the target audience mainly by utilizing the the fact that some consumers are already on board to spur others. It aims to influence consumer decision by making it known that a certain group, market have embraced or adopted a certain product. The main intention is to appeal to other potential consumers to come on board in other to be a part of what others are doing or enjoying. It is usually regarded as a propaganda or persuasive marketing strategy.

If you took $1,000 and put it into an interest-bearing savings account compounding quarterly at 3%, how much would your fund be worth at the end of one year? A: $1,030.00 B: $1,120.00 C: $1,030.34 D: $1,120.33

Answers

Answer:

C. $1030.34

Explanation:

Given:

Principal = $1,000

Interest = 3%

Number of Times = Quarterly

Time = 1 year

Interest Type = Compound Interest

Required

Amount at the end of the year

To solve this, I'll make use of Amount formula which is;

[tex]A = P(1 + \frac{r}{n})^{nt}[/tex]

Using compound interest notations, the given parameters are:

P = $1,000

r = 3%

t = 1

Quarterly means 4 times a year;

So, n = 4

Solving for Amount (A), the formula becomes

[tex]A = \$ 1000(1 + \frac{3\%}{4})^{4 * 1}[/tex]

[tex]A = \$ 1000(1 + \frac{3\%}{4})^{4}[/tex]

Convert percent to decimal

[tex]A = \$ 1000(1 + \frac{0.03}{4})^{4}[/tex]

[tex]A = \$ 1000(1 + 0.0075)^{4}[/tex]

Solve the expression in the bracket

[tex]A = \$ 1000(1 .0075)^{4}[/tex]

Solve the exponent

[tex]A = \$ 1000 * 1.03033919066[/tex]

[tex]A = \$ 1030.33919066[/tex]

[tex]A = \$ 1030.34[/tex] (Approximated)

Hence, the amount at the end of the year is approximately $1030.34

your answer should be C $1,030

In 2012 London hosted the Olympic Games. Explain why business and sales within the hospitality and catering sector increased during and after the games.

Answers

The games increased because people came to the area to celebrate their country winning

Kids Early Start (KES) operates from Monday to Friday. KES provides childcare and educational services for inner-city kids between ages of 3 months and 5 years. It has fixed expenses of $35,000 per week and charges parents $15 per day for each child who attends the program.

Answers

Answer:

Actualmente, más de la mitad de los niños menores de 5 años en Estados Unidos asisten periódicamente a algún tipo de programa de guardería o preescolar fuera del hogar. Las experiencias de estos niños en estos lugares afectarán sus vidas futuras. Para muchas familias, lamentablemente, la educación inicial y el cuidado infantil de buena calidad no están disponibles o no son accesibles.

Con el objetivo de tomar medidas para abordar los problemas que se presentan, la declaración de política de la American Academy of Pediatrics (AAP) titulada, "Educación inicial y cuidados infantiles de calidad desde el nacimiento hasta el jardín de niños" (en inglés), detalla tanto la importancia de la educación inicial y los cuidados infantiles de calidad como lo que su pediatra puede hacer para ayudarlo a encontrar estos servicios cerca de su casa.

Explanation:

Presently, more than half of young children in the United States under the age of five consistently attend some kind of preschool or day care program outside the home.

These kids' experiences there will have an impact on how they live in the future.

What does early childhood education process quality entail?

The daily interactions and activities that children have in ECEC settings that promote development are referred to as "process quality."

Prior research has mainly evaluated process quality through careful observation of the behaviors and interactions children take.

The American Academy of Pediatrics (AAP) policy statement aims to take action to solve the current problems. Unfortunately, many families lack access to or availability of high-quality early childhood education and care.

For more information about American Academy  to refer link

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How the nation’s total income is spread out among its population is referred to as _______. -) workforce -) income distribution -) the enterprise zone -) the poverty rate m

Answers

The answer is 2.
It is referred to as income distribution.

HEYA PAL!!

Answer:

It is referred to as income distribution.

Explanation:

i know the Answer is income distribution because

workforce is the people engaged in work or available for work, either in a country or area or in a particular firm or industry.

the enterprise zone is an area in which state motive such as tax are offered to encourage business investment. meaning it is money for business investments.

and poverty rate is the ratio of the number of people (in a given age group) whose income falls below the poverty line.

so, there is income distribution left because not only it suits the answer but as long as I remember, i knew the definition of it .

Hope it helps!!

Which of the following statements is false? A. We are able to assert dominance over others most exclusively with eye contact in a matter of seconds when we first encounter one another B. We tend to direct our comments toward those from whom we expect or what like feedback C. Males consistently give more eye contact in females D. There is more Mutual contact between friends than other

Answers

Answer:

Explanation: need points :D

Should senior citizens, students, and children be allowed to pay cheaper prices for goods and services

Answers

Answer:

Price discrimination

Explanation:

Price discrimination refers to a marketing tactic in which the seller invoice different prices to clients for the identical type of product or service they are offering to the customers

While on the other hand, In pure price discrimination, the seller charges the maximum price from each customer

Therefore in the given situation, here price discrimination should be used

Yes I agree totally correct love this students..

Use the information presented in the curve to answer
the following question.
What is the equilibrium price for the product?
$25
$20
$15
$10

Answers

Answer:

20

Explanation:

The answer must be $20 after calculating it.

Economics: Which items make up the marketing mix?

Answers

Answer: Price, Product, Promotion and Place.

Explanation:

Answer:

price, product, promotion and place

Explanation:

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Which of the following should be considered last when searching for financing? Question 7 options: Family members Banks Commercial finance companies Credit cards

Answers

Answer: credit card should be last

Explanation:

credit cards should be considered last because the other three are more important

How are jobs affected by supply and demand ?Explain how changes in supply and demand couple impact employment and jobs?

Answers

Answer:

Please see explanation below

Explanation:

a. Just as supply and demand affects any other market, so does it affects jobs too. Take for instance if additional workers are added to the existing workforce while the demand for jobs remains the same; it means that employers would likely pay less which will bring about drop in income to employees hence causes less job stability. On the other hand, if there is an increase in demand for jobs while supply remains the same; then employers will be willing to pay more thereby resulting in higher income for few who are employed hence bring about job stability.

b. Change in demand refers to either an increase or decrease in demand for a particular good or service due to changes in consumer tastes, income level, population, price of substitutes etc; while change in supply is when suppliers decided to either increase or decrease their production or output due to changes in technology, process automation, change in the number of competitors in the market, taxes, production costs etc.

An increase in demand for certain goods or services would necessitate an increase in supply for such goods hence create avenue for producers or manufacturers to employ more people to produce them. Also, a decrease in demand for certain goods or services would result in less goods being produced hence lesser people getting employed to produce such goods.

On the other hand, when producers embraces new technology or process automation , the possibility of producing more goods will be higher while such would result in job losses.

Jaden works for LeoHart. He meets with a team to discuss shareholders’ interests and assign managers to run certain parts of the company.

Answers

Answer:

Jaden have to deal with good products

Explanation:

Jaden have to advertise the product and be good bheaving to them

Which of the following purchases is a matter of marginal, or incremental, cost-benefit analysis?
A large house
A college education
An alarm system
A surgical procedure
An additional sweatshirt

Answers

Answer:

An additional sweatshirt

Explanation:

Marginal or incremental cost - benefit analysis are costs associated with producing an additional unit of product as well as the benefits associated as a result of the additional unit. Marginal analysis is normally used when a company desires to expand (or increase) production so that they determine if the expansion would result with an increase in profit or not.

This is done by first determining the additional cost associated with the activity change and its benefits, then the costs and benefits are then compared.

Which of the following accurately describes one way that individual goods
differ from public goods?
A. All individual goods are normal goods.
B. Demand for individual goods is always inelastic.
C. Consumer rivalry results in decreasing marginal utility for
individual goods.
D. People can be excluded from using individual goods if they don't
pay.​

Answers

D. People can be excluded from using individual good if they don’t pay
The correct answer is D. People can be excluded from using individual goods if they don't
pay.

According to Florida law, a child between the ages of 4 and 5 may only use a seat belt in lieu of a
specialized device if:
a) the driver is not a member of the child's immediate family and the child is being transported gratuitously
b) child is being transported in an emergency
c) when a medical condition requires an exception
d) all of the above

Answers

B

Because if the child is an emergency they are required to wear a seat belt for their safety.

The driver is not a member of the child's immediate family and the child is being transported gratuitously and  child is being transported in an emergency.

What are the traffic law's of Florida?There is a certain age and weight limits and vehicle experts recommend that you should be placing your child in the rear seat until he or she is less than 20 pounds of weight or less than 4 years of age.Children below 4 years of age are restrained in the vehicle’s rear seat and must always be seated in the car seat with all the belts on.

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How does physical, chemical and biological factors affect the environment and examples of each

Answers

Physical factors shape the environment and determine climate rainfall and vegetation. Chemical factors determine acidity levels of soils, radioactivity and natural chemicals found below the soil. They are also important for the nutrition of other animals. Biological factors include all of the plants and animals and they help change the environment daily.

Which of the following does not promote increased international trade and economic growth?

A. High tariffs
B. Technological improvements
C. Industrialization
D. Trade liberalization​

Answers

Answer:

High Tariffs              

The answer is A) High Tariffs

Explain three guidelines for evaluating ads.

Answers

Answer:

Looks, actors, what the product is

Explanation:

If it looks perfect, you know it is fake or polished in some way. If the actors talk really fast or act serious, it shows a bad sign in the product. Finally, it needs to have facts not opinions

Looks actors and what products look like these are the main points and if any are missing it will not be a successful add campaign.

When a customer pays by check, he/she... a.) receives paper copies of checks along with a monthly account statement b.) receives images of checks along with a monthly account statement c.) does not receive any images of checks unless requested d.) has to pay 0.05% of the check amount for each copy

Answers

Answer:

c.) does not receive any images of checks unless requested

Hope this helps.....

Pls mark my ans as brainliest :)

When a customer pays by check, he/she does not receive any images of checks unless requested.

How do you tell if a check was cashed or deposited?

The lower back of the test will display the bank that deposited or cashed the check by ABA range, alongside the take a look at the recipient's account range. It will also display the date and the time of the deposit and the bank's call.

Who is the person the test is made out to?

The character or entity writing the take a look at is referred to as the payor or drawer, whilst the individual to whom the check is written is the payee. The drawee, alternatively, is the financial institution on which the take look is drawn. exams can be cashed or deposited.

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Which of these are characteristics of successful entrepreneurs?(select four answers)

Confidence,discipline, optimism,& passion

Answers

Answer:

Confidence, discipline, optimism, & passion

Explanation:

You are correct. :)

As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3. Cash $5,000 Accounts Receivable 15,000 Inventory 40,000 Prepaid Insurance 3000 Fixed Assets 100,000 Accounts Payable 15,000 Notes Payable in 5 Months 12,500 Salary Payable 25,000 Notes Payable in 5 years 35,000 Owner’s Equity 98,000 2. What is the company's Working Capital? Question 2 options: 12,500 10,500 15,000 15,500

Answers

Answer:

$10,500

Explanation:

Calculation for Stanford Company's Working Capital

Using this formula

Working capital =Current Assets- Current Liabilities

Where,

Current Assets = Cash + Accounts Receivable + Inventory + Prepaid Insurance

Current Assets = ($5,000 + $15,000 + $40,000 + $3,000) = $63,000

Current Liabilities = Accounts Payable + Notes Payable in 5 Months + Salary Payable

Current Liabilities = ($15,000 + $12,500 + $25,000) = $52,500

Let plug in the formula

Working capital =$63,000-$52,500

Working capital =$10,500

Therefore the Working Capital for Stanford Company will be $10,500

Answer:

10,500

Explanation:

With a(n) _______, the full amount of the loan is received when the contract is signed, but only the interest is paid over the life of the loan. The principal is then paid on the date that the loan is due. Question 2 options: retirement loan balloon loan line of credit installment loan

Answers

Answer:

Installment Loan

Which of the following statements about cash basis accounting is true? (Select the best answer.
A.The IRS allows all types of corporations to use it
B.It ensures the company always knows how much cash flow it has.
C.It is more complicated than accrual basis accounting.
D.It follows GAAP standards​

Answers

Answer: B.It ensures the company always knows how much cash flow it has.

Explanation:

Cash basis accounting is an accounting method whereby the revenues and expenses are recognized as at the particular time that the cash is gotten or paid out. It should be noted that for the accrual accounting, the income is recognized when revenue is earned and also records the expenses when the liabilities are incurred not taking into cognisance of when the cash is either received or paid.

In cash basis accountant, the expense is debited and the cash is credited in the period that the bill is paid. Finally, it should be noted that the cash basis accounting is not also acceptable under generally Acceptable Accounting Principles (GAAP).

What is one of the advantages of having a F a c e b o o k fan page instead of a personal page? Question 10 options: Receiving fewer personal messages Sending bulk messages Saving time More personal convenience

Answers

Answer: "More personal convenience".

Explanation:

A F acebook Fan Page is a business account.

It represents a company or organization.It offers unique tools as an added advantage for managing and tracking engagement.

One of the advantages is "More personal convenience".

F acebook fan page has the option of keeping personal page of a person separated and not connected to it.

It can be controlled by the privacy settings on the personal page and optimize the publicity for Fan Page.

Hence, the correct option is "More personal convenience".

Answer:

Sending bulk messages

Explanation:

One of the main differences between a Faceb00k profile and a fan page is you can send bulk messages to all your fans. This is according to the provided textbook, which I recommend reading if you want the answers to more of your questions.

What are the consequences of Real wage unemployment?

Answers

Answer:

Explanation:

Firstly, in a recession, if you cut wages, it will cause a fall in spending because people have less income, this will reduce aggregate demand and therefore lead to lower economic growth. This, in turn, will lead to less demand for labour.

This is a good question, I feel like the person who first responded gave a good detailed academic answer!

Assume your city government has been contacting with a single garbage collection firm that has been granted an exclusive franchise, the sole right, to pick up trash within your entire city limits. However, it has been proposed that companies be allowed to compete for business with residents on an individual basis. The city government has estimated the price residents are willing to pay for various numbers of garbage collections per month and the total cost facing the garbage collector per resident as shown in the following table.

Pickup (Q) Price/Pickup Total Revenue (TR) Marginal Revenue (MR) Total Cost (TC) Marginal Cost (MC) Average Total Cost (ATC)
0 $4.20 0 --- $3.20 --- ---
1 $3.80 $4.20
2 $3.40 $5.60
3 $3.00 $7.80
4 $2.60 $10.40
5 $2.20 $13.40
6 $1.90 $16.80

1. What are the fixed costs per month of garbage collection per resident? Explain your answer
2. Considering that the current garbage collection firm the city has contracted with has a monopoly in garbage collection services, what is the current number of collections residents receive per month and the price charged residents for each collection? What is the economic profit received from each resident by the monopoly firm? (Note: Profit received form individual resident must be calculated a per unit basis)
3. If competitive bidding were allowed and therefore a competitive market for garbage collection services developed, what would the number of collections per month and the price charged residents per collection? What is the economic profit received from each resident by the competitive firm? (Note that in a competitive market (chapter 13), P=MC=MR)
4. Based on the above analysis, should the city government allow competitive bidding? Why? Would you expect there to be any quality differences between the monopolistic and competitive trash collection firms?

Answers

Answer:

collect and recycle

Explanation:

Other Questions
The practices and beliefs of the founding generation establish that the freedom of speech,' as originallyunderstood, does not include a right to speak to minors (or a right of minors to access speech) without goingthrough the minors' parents of guardians.Which statement from the article "Free Speech Versus Violent Video Games" best supports Thomas's belief that theCalifornia law does NOT violate a freedom of speech under the U.S. Constitution?A) "...video games - which the Entertainment Software Association says are played in 68 percent of American households --- areprotected forms of expression under the First Amendment to the Constitution."B) The proposed California video law "does not ban parents from purchasing or buying the video games for their children."C) The Federal Trade Commission studies suggest that the video game industry's rating system was not effective in blocking minorsfrom purchasing games designed for adults."D) "The video game industry also argues that approval of California's video game restrictions could open the door for states to limitminor's access to other material on the grounds of protecting children." In this activity, you will write a mock news account of the events at Lexington during the American Revolution. This report should be about 300 words. You can research online or at your schools library for additional information. if a(x) = 2x - 4 and b(x) = x + 2, which of the following expressions produces a quadratic function?(ab))O (a - b)^)O (a + b)(x) Select all the correct answers.Which three pieces of information contribute the most to your credit score?the number of bank accounts you havethe amount of debt you haveyour payment historyyour ability to make a down payment on a credit purchasethe number of loans you haveW Name the 2 fractions of petroleum which are used as fuel. Explain. Pls help me I will mark BRAINLIST Obama drives up miles-per-gallon requirements Emissions from all new vehicles must be cut from 354 grams to 250 grams. To meet this new standard, the price of a new vehicle will rise by $1,300. Source: USA Today, May 20, 2009 What is the opportunity cost of reducing the emission level by 1 gram? Which step of the decision-making process comes first when selecting healthcare service? Identify alternatives to the healthcare service. Identify the healthcare service decision to be made. Gather information about the healthcare service. Make a decision as to which healthcare service to use. Unidirectional current is referred to as _____. direct current indirect current alternating current electric charge Write a linear equation that represents the arithmetic sequence 10, 8, 6, 4, ...A. an = 10 - 2(n-1)B. an = 10 + 2(n + 1)C. an = 2 + 10(n-1)D. an = 10 + 2(n-1) how does a TV'S screen work why do authors reference similar stories? A: To use the same exciting settings and characters. B: To lightly mock the original, more primitive story. C. To translate ancient texts into modern languages. D: To make a better connection with the audience A mother has blood type A and her son has blood type o. Which blood types are possible for the father?A.) OB.) ABC.) BD.) At what geographical location would the boiling point of water be lowest?A. Boston, MassachusettsB. The coast of the Atlantic OceanC. The Dead SeaD. The top of Mount Everest Find the area of the composite shape... Write each answer in polynomial in simplest form The cost of 12 gallons of gas is represented by 12x, and the cost of a quart of oil is represented by 2x - 30.Represent the cost of 12 gallons of gas and a quart of oil. Cosmone has the molecular formula C15H26O. Calculate the number of moles of carbon in a 8.35-mol sample of cosmone. Calculate the mass of a sample of cosmone that contains 6.58 x 1019atoms of hydrogen. Calculate the number of atoms of carbon m 8.00-g of cosmone. Which statement BEST describes John Lockes argument against the divine right of kings theory of government? A. Kings cannot have divine right because they are not officially part of the church. B. There is no scientific evidence supporting the existence of a divine right of kings. C. Divine right can only be claimed by those who afford basic rights to the people they rule. D. While kings have a divine right to rule, they are responsible for providing basic rights to their subjects. Graph the image of the figure after a dilation with a scale factor of 1/3 centered at(1, - 2). Which is a legal limit on the direct method of lobbying members of Congress?Legislators cannot meet with registered lobbyists.Lobbyists cannot come to Washington, D.C.Legislators cannot accept gifts from lobbyists