Blake chose to go to college instead of starting a full-time career after high school. he sacrificed four years of wages while obtaining his degree. what is the term used to identify the cost of his choice?

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Answer 1

The term opportunity cost is used to designate the cost of Blake's choice.

What is opportunity cost?

It is an economic term to represent a value placed on an opportunity given up when a choice is made. That is, opportunity cost represents the value of one choice over another.

So Blake's choice to go to college rather than start a full-time career after high school comes with an opportunity cost.

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Related Questions

The nature of demand indicates that as the price of a good increases.

Answers

The nature of demand indicates that as the price of a good increases D) buyers desire to purchase less of it.

What is the demand curve?

The demand curve is a graphic representation of the relationship between price and the quantity demanded.

All things being equal, the demand curve shows a downward sloping demand when the price of goods increases because buyers purchase less quantity of the goods.

Answer Options:

A) suppliers wish to sell less.

B) more of it is produced.

C) more of it is desired.

D) buyers desire to purchase less of it.

Thus, the nature of demand indicates that as the price of a good increases D) buyers desire to purchase less of it.

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Garbo purchased a riding lawnmower from Thrifty mowers for $5,000. It was their standard, top-selling model. Garbo paid in cash and scheduled a delivery for the next day to her house. If Thrifty does not deliver the mower, then refuses to pay back her money, what is the best remedy for Garbo to seek

Answers

The best remedy for Garbo to seek is the C. equitable remedy of specific performance.

What is specific performance?

Specific performance is an equitable remedy ordered by the court requiring complete contract performance by the failing party.

Seeking an equitable remedy of specific performance will force Thrifty to deliver the ordered riding lawnmower to Garbo.

Answer Options:

a. remedy of an injunction.

b. remedy of recission.

c. remedy of specific performance.

d. A legal remedy for the $5.000.

Thus, the best remedy for Garbo to seek is the C. equitable remedy of specific performance.

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For each scenario, identify which argument is being used to justify trade protectionism. a. Politicians in a small nation want to impose tariffs on foreign food because they believe the nation is too dependent on foreign producers. national security b. Lobbyists argue that by prohibiting the importation of manufactured goods, the domestic manufacturing industry will create thousands more jobs. job creation c. Brazil imposes high tariffs for computer imports so small, domestic manufacturers can develop the technology needed to compete with foreign competitors. infant industry d. Lobbyists argue that raising import tariffs on foreign oil will lead to more domestic jobs in the domestic energy industry. job creation

Answers

These are the scenarios that we must use to classify the claims:

Job Creation ArgumentNational Security ArgumentInfant Industry Argument

What is a trade protectionism?

This involves the restriction policy on imports goods such as tariffs, import quotas, government regulation etc.

Job Creation ArgumentLobbyists argue that by prohibiting the importation of manufactured goods, the domestic manufacturing industry will create thousands more jobs.Lobbyists argue that raising import tariffs on foreign oil will lead to more domestic jobs in the domestic energy industry

National Security ArgumentPoliticians in a small nation want to impose tariffs on foreign food because they believe the nation is too dependent on foreign producers

Infant Industry ArgumentBrazil imposes high tariffs for computer imports so small, domestic manufacturers can develop the technology needed to compete with foreign competitors

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The business owner used $25000 from their personal savings account to but common stock in their company. what would be the journal entry?
cash debit cash 25000?
common stock credit common stock 25000?

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The accounting entry is to Credit Cash for 25000 and Debit Common Stock for 25,000

What is journal entry?

Journal entry shows how a business financial transactions are being recorded.

Typically, when cash is withdrawn from a business or personal account, the accounting entry is to credit the cash account.

Hence, the accounting entry is to Credit Cash for 25,000 and Debit Common Stock for 25.000.

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Mr. Slater invested $100,000 in a portfolio that is contains 60% stocks and 40% bonds. Over the course of a year, the value of the stocks increased to 67%, and the value of the bonds decreased to 33%. The current value of his investment is $118,400. How much should Mr. Slater move from stocks to bonds to rebalance his portfolio to 60% stocks and 40% bonds?

Answers

Mr. Slater is advised to divest his investment in stocks by $8,288 to rebalance his portfolio in the desired ratio.

What is portfolio rebalancing?

The process of investing or divesting as per the changing behavior and desired returns of the consumer in different classes of investment is known as portfolio rebalancing.

Using the given information, it can be calculated that if Mr. Slater divests his $8288 in bonds from stocks, his portfolio will be rebalanced in the desired ratio.

Hence, the amount to be divested by Mr. Slater to rebalance portfolio is aforementioned.

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When a company hires you, you will fill out a _________ form. The information on this form is the basis for determining how much income tax should be withheld from your paycheck.

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When a company hires you, you will fill out a W4 form. The information on this form is the basis for determining how much income tax should be withheld from your paycheck

What is a tax?

A tax simply means a compulsory levy that's paid by the people and companies to the government.

In this case, when a company hires you, you will fill out a W4 form. The information on this form is the basis for determining how much income tax should be withheld from your paycheck.

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Madelyn, the president and CEO of Anytime Accounting, has asked several of her managers and employees to help establish a statement to outline the fundamental purposes of their company. The result of this effort is likely to be a document known as a(n)

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The result of this effort is likely to be a document known as a B. mission statement.

What is a Mission Statement?

This refers to the document that contains the aims and objectives of a company that is used as a guideline to set its target.

Hence, we can see that based on the fact that Madelyn makes a statement that shows the fundamental purposes of their company, this would be included in the mission statement.

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Netflix and wal-mart both did well during the recession. which factor of the business/marketing environment best explains this?

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The business/marketing environment factor that explains why Netflix and Wal-mart did well during the recession is branding.

What is branding?

It corresponds to a strategy of active management of a brand, creating value for it through its visual identity ​​and objectives, generating engagement with the target audience and satisfying their needs and desires in an innovative and creative way.

Therefore, branding is an essential strategy for a brand to be competitive and well positioned in the market.

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An exception occurred while processing your request. additionally, another exception occurred while executing the custom error page for the first exception. the request has been terminated.

Answers

After the necessary troubleshoot of adding the web-config transformation file, they can also proceed to publish options to have debugging enabled or disable.

What is the problem about?

In web design, the problem is often occurring when the webmaster is trying to publish an website as an web-role.

However, after the necessary troubleshoot of adding the web-config transformation file, they can also proceed to publish options to have debugging enabled or disable.

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Which is the best general statement about the role of government in business in the United States? O A. Government determines what goods and services are produced. B. Government acts to allow markets to function efficiently. C. Government owns the resources of production. D. Government has no role in business.​

Answers

The answer is B hope that helps

Question 14 of 20
Which is one benefit of getting a job after graduating high school?
A. A person with a high school degree earns less than someone with
a college degree over time.
OB. A person with a high school degree can enter the job market and
start earning money immediately.
C. A person with a college degree earns more than someone with a
high school degree over time.
OD. A person who goes to earn a college degree will have to pay the
full costs of going to college.

Answers

Answer:

OD. A person who goes to earn a college degree will have to pay the full costs of going to college

One of the benefits of getting a job after graduating high school a person who goes to earn a college degree will have to pay the full costs of going to college. (option D)

What are the benefits of getting a job after graduating high school?

A person who gets a job immediately after high school starts earning income immediately. On the other hand, a person who decides to go to college would have to pay the costs associated with going to college. Most times, the would have to amass some debt as a result. This can be seen as a drawback of going to college.

On the other hand, there are a lot of benefits of going to college. One of them is that the earning potential of the person is increased. Thus, a person with a college degree would earn higher than a person with a high school degree.

In the long run, the total revenue that would be earned by the college graduate would far outweigh the cost associated with going to college.

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Allowing a foreign organization to take charge of manufacturing and distributing a product in its country or world region in return for a negotiated fee is ______.

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Allowing a foreign organization to take charge of manufacturing and distributing a product in its country or world region in return for a negotiated fee is called Licensing.

What is Organization?

Organization refers to the group of the people working together in order to achieve the common goal. The common goal of every organization is the profit maximization.

For an Organization to open its business in the foreign nation it has to obtain the license of the foreign nation to do business.

Without obtaining the license the company cannot develop its manufacturing units or its branch and distribute the product in the foreign markets.  

Thus it is important to have license by giving the negotiating fees to the foreign government.

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Difference between compensatory and punitive damages.

Answers

Answer:

Compensatory damages are awarded to benefit the plaintiff and to help him or her cover the costs of an accident and/or injury. Punitive damages are awarded to punish the defendant.

Using the national saving and investment identity, if private savings equal $3200, private investment equals $7800, and the government budget deficit equals $3300, what does the inflow of foreign savings equal

Answers

The  inflow of foreign savings equal $7700.

Foreign savings

Using this formula

Foreign savings=Private saving  +Private investment- Government budget deficit

Let plug in the formula

Foreign savings=$3200+$7800-$3300

Foreign savings=$7700

Therefore foreign savings equal $7700.

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External forces in the natural environment include A. the trend toward healthier lifestyles, which can shift spending toward exercise equipment and health clubs and away from alcohol and snack foods. B. air and/or water pollution, the depletion of irreplaceable natural resources, or inefficient energy/resource usage. C. interest rates, exchange rates, the inflation rate, the unemployment rate, the rate of economic growth, trade deficits or surpluses, savings rates, and per-capita domestic product. D. tax policy, fiscal policy, tariffs, the political climate, and the strength of institutions such as the federal banking system. E. slow growth in buyer demand.

Answers

External forces in the natural environment is C. interest rates, exchange rates, the inflation rate, the unemployment rate, the rate of economic growth, trade deficits or surpluses, savings rates, and per-capita domestic product.

What are external forces?

These are factors that affect an environment from the outside instead of within.

For the natural environment, this would represent everything that affects nature, but aren't really part of nature. This includes inflation, unemployment, and other economic factors.

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An advantage of doing company research before an interview is: a. it improves the applicant’s ability to market their skills b. it can increase the confidence of the applicant c. it can compensate for a lack of experience d. all of the above please select the best answer from the choices provided a b c d

Answers

An advantage of doing company research before an interview is that a. it improves the applicant’s ability to market their skills

What is an Interview?

This refers to the formal hearing where a person is analyzed and considered to fill up a particular post.

Hence, we can see that the advantage of performing company research before an interview is that it would improve the applicant’s ability to market their skills as he would know the ins and outs of the company.

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A differentiation strategy works best when ________. Group of answer choices technological change is fast-paced and competition revolves around rapidly evolving product features. buyers' needs are homogeneous. many rival firms are also pursuing a differentiation approach. firms have ample excess cash to invest in R

Answers

Answer:

technological change is fast-paced and competition revolves around rapidly evolving product features.

Explanation:

A differentiation strategy works best when technological change is fast-paced and competition revolves around rapidly evolving product features.

In the case where a broker was found guilty of license law violations and the recovery fund was required to pay a judgment of $8,000 from the fund, what could the frec do to the broker?

a. the frec must revoke the broker's license for being found guilty.
b. the frec must suspend the broker's license until the fund has been repaid.
c. the frec may issue a citation.
d. the frec must put the broker under probation.

Answers

When a broker was found guilty of license law violations and the recovery fund was required to pay a judgment of $8,000 from the fund, the frec must revoke the broker's license for being found guilty.

Who's a broker?

It should be noted that a broker simply means a person that buys and sells shares for other people.

In this case, when a broker was found guilty of license law violations and the recovery fund was required to pay a judgment of $8,000 from the fund, the frec must revoke the broker's license for being found guilty.

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Bob has a face-to-face interview tomorrow morning. he has done his research and knows a lot about the prospective employer. he wants to dress to impress. what guidelines should he follow when deciding what to wear for his interview

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Dressing to impress for interviews would typically involve wearing professional dress in order to look smart and presentable.

Bob has to follow some of the listed tips (not exhaustive) in addition to the due diligence he has done about his employer.

Some of the options he has would include:

A suit, jacket and tieA semi-formal trousers and a shirt Sweater and necktie.

Dressing properly for interviews would put Bob in a better light as it shows he is serious about the job. It also shows he is interested in the position, and finally demonstrates an understanding of the company's corporate culture.

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Management is obligated to monitor new external developments, evaluate the company's progress, and make corrective adjustments in order to A. determine whether the company has a balanced scorecard for judging its performance. B. stay on track in achieving the company's mission and strategic vision. C. keep the company's board of directors well-informed about the company's future outlook. D. determine whether the company's business model is well-matched to changing market and competitive circumstances. E. decide whether to continue or change the company's strategic vision, objectives, strategy and/or strategy execution methods.

Answers

The decision making on whether to continue or change the company's strategic vision, objectives, strategy or strategy execution methods is part of what the Management is obligated to monitor.

What is the Management?

This refers to the process of guiding the development, maintenance and proper allocation of resources to attain organizational goals.

The managers in a firm performs the role of Management to achieve goals.

Therefore, the Option E is correct.

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How is simple interest calculated?
OA. It is calculated on the principal amount of the loan.
OB. It is calculated on the
collateral on the loan.
OC. It is calculated on the annual percentage yield.
OD. It is calculated on the compound interest of the loan.

Answers

Simple interest is calculated in this way: A. It is calculated on the principal amount of the loan.

What is simple interest?

Simple interest is the type of interest that does not compound and is calculated on the principal portion of a loan.

The formula for computing simple interest is Principal x APR x Number of years.

For example, the simple interest of $100,000 at 2% APR for 2 years is $4,000.

Thus, simple interest is calculated in this way: A. It is calculated on the principal amount of the loan.

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Copyright law contains an exception known as ______, which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission. Select the your answer, then click Done.

Answers

Copyright law contains an exception known as fair use which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission.

What is copyright law?

It should be noted that copyright law simply means a law that grants the holder the control over the production and distribution of a material.

In this case, copyright law contains an exception known as fair use which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission.

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Ms. Noser visits a local animal shelter to purchase a dog for her children. At the shelter she is introduced to
two dogs, a brother and sister. Ms. Noser immediately develops an attachment to both dogs. She decides to
purchase both dogs. What was Ms. Noser's buying motive?

O emotional
O rational
O b2b
O feature-benefit

Answers

Answer:

what is the meaning of non cooperation movement

Two qualities that a good ___________ should have are to be persistent and not accept rejection.
A). product manager
B). founder
C). salesperson
D). account manager

Answers

i say C makes the most since in the sentence

If you were running a marathon which type of muscle fibers.

Answers

Answer:

Skeletal muscle fibers

Explanation:

A limit order is an order away from the market price that is held in a ________ until it can be executed at the desired price. Group of answer choices continuous order book limit order book dealer book none of the options

Answers

A limit order is an order away from the market price that is held in a limit order book until it can be executed at the desired price.

What is limit order?

A limit order refers to the purchase of securities at a well negotiated price, other than the price stated. The limit order places an already known amount before purchasing or selling security.

Hence, a limit order is an order away from the market price that is held in a limit order book until it can be executed at the desired price.

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After considering options, a student using the problem-solving process should next.

Answers

Implement the solution

Explanation:

Implement the solution should come next after selecting the solution in problem solving process.

Fill in the blank question. Suppose a snowboard manufacturer increases its output by 1 snowboard per day. As a result, the total cost of producing snowboards each day rises from $100 to $110. The marginal cost of producing an extra snowboard is

Answers

The marginal cost of producing an extra snowboard for the snowboard manufacturer is $10.

What is marginal cost?

Marginal cost is the change in total costs that results when additional output is produced.

Marginal cost is the incremental cost that is experienced with a unit increase in output.

Thus, the marginal cost of producing an extra snowboard for the snowboard manufacturer is $10.

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Gobi is an employee of Haz-Mat, Inc. He refuses a transfer to a Haz-Mat department in which several employees suffered serious injuries from exposure to hazardous materials. Under the Occupational Safety and Health Act, Gobi may be Group of answer choices

Answers

The Occupational Safety and Health Act protects employees that have suffered serious injuries from exposure to hazardous materials if they refuse a transfer to a Haz-Mat department.

What was the aim of the Occupational Safety and Health Act?

The Occupational Safety and Health Administration (OSHA) was founded by Congress in 1970 to control or guarantee dependable and healthy working states for workers by launching measures as well as furnishing training, education, reaching, and help.

Therefore, The Occupational Safety and Health Act protects employees from serious injury if they refuse a transfer to a Haz-Mat department if the refusal is due to exposure to hazardous materials.

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Seaside vistas leases an apartment to tori. during a severe storm, the premises are destroyed by flood. under most state laws, liable for the rent for the rest of the lease term is group of answer choices seaside and tori in proportionate amounts. no one. tori only. seaside only.

Answers

Seaside vistas leases an apartment to tori during a severe storm, the premises are destroyed by flood. under most state laws, liable for the rent for the rest of the lease term is no one.

What is a lease?

It should be noted that a lease simply means a contract where a party conveys land, property, etc for a period of time.

In this case, Seaside vistas leases an apartment to tori during a severe storm, the premises are destroyed by flood. under most state laws, liable for the rent for the rest of the lease term is no one.

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