Krista is considering moving to France to teach English. To do this, she will have to give up her current job which pays $35,000 per year. Her teaching program will pay for living expenses. Her current living expense in the US is $17,000 per year. What is the opportunity cost for Krista to teach English in France?

Q: You got a leaf blower for free at a yard sale. You are thinking of using it to clean leaves in your…

A: opportunity cost is the cost of loss of one opportunity to choose the other alternative. In other…

Q: 4. Production Possibility Frontier An economy consists of three workers: Rajiv, Yakov, and Charles.…

A: Total number of working hours in a day= 10 hours Services provided by them; Mowing lawns Washing…

Q: Explain why the slope of the production possibilities curve becomes steeper as we move along the…

A: The production possibility curve (PPC) refers to a graphical representation of various combinations…

Q: Suppose the economy initially produces 12,000 pieces of clothing and 250 million barrels of oil,…

A: Loss of production of Steel in moving from point B to point C = 16 - 12 = 4  barrels of oil   So…

Q: What is the roots of value maximization principle. a. Economics b. All of the above c. Commerce d.…

A: Value refers to the material, monetary, or assessed worth of a good, service, or an asset. The…

Q: Suppose a nation has a total of 12 units of labor, which can be used to produce either guns or…

A: The nation has a total of 12 units of labor. One unit of the gun is produced by 6 units of labor,…

Q: Which of the following is not an illustration of the notion of opportunity cost     A. The…

A: Opportunity cost is the lost of next best available option. Taking each option one by one.

Q: Which of the following is a normative statement? a. Taking extra vitamin C prevents catching a cold.…

A: Taxes are the amount of money that is charged by the government of the country.

Q: Consider that society’s resources are used efficiently, and you have a combination of goods and…

A: Production Possibility Curve: The production possibility curve is the curve that represents the…

Q: Assume George and Abe are stranded on an island and can only produce two goods: fish and coconuts.…

A:

Q: ITEM A B C D E Pretzels 0 300 450 600 700 Notebooks 125 100 50 25 0 What is the opportunity cost of…

A: Opportunity cost is the cost that we have to bear in terms of other goods. Resources are scarce and…

Q: The following schedule shows the combination of the total production of Aerospace production…

A: Economic resources square measure the parts used within the manufacture of products or the…

Q: Paraphrase the following. 1. We can take drastic action now to ensure that we prevent a future where…

A: 1. We can make an intense move currently to guarantee that we forestall a future where super…

Q: Question 14 Assume the economy of Scoob can produce 5 tons of rice and 15 tons of wheat while the…

A: Answering first 3 parts as per guidelines Opportunity Cost  can be defined as the cost of foregone…

Q: Mya and Donovan produce two goods in an 8 hour day. Mya can produce 10 capital or 55 consumables and…

A: According to question data represent the productivity table for the Mya and Donovan in 8 hours a day…

Q: You can either spend spring break working at home for $80 per day or go to Florida for the week.  If…

A: Opportunity Cost is the cost of next best alternative. Opportunity Cost is when in making a decision…

Q: Firm X have 1200 labor, to producer one unit Cheese its required 5 unit labor and to produce one…

A: 1. With 1200 units of labor, the firm X can produce either : 1200/5 units of Cheese, or 1200/10…

Q: Assume the economy of Scoob can produce 5 tons of rice and 15 tons of wheat while the economy of…

A: The opportunity cost of producing one unit of good X is a sacrifice of the production of good Y.…

Q: Given the following diagram of a production possibilities frontier for a country. Assume that this…

A: Production possibility frontier shows the maximum combination of the factors that can be produced of…

Q: An economy can either produce 300 airplanes and 25000 cars OR 200 airplanes and 40000 cars. What is…

A: The opportunity cost represents the next best alternative use of the resource or the potential…

Q: Which of the following is NOT part of the opportunity cost of attending university?      A) The…

A: Opportunity cost is defined as the benefit an individual or business misses while choosing some…

Q: the economy is currently producing at point W, what is the opportunity cost of moving to point X?…

A: Opportunity cost measures the trade off between two goods i.e. the amount of a good need to be given…

Q: 1. Discuss the idea of an opportunity cost and think of three opportunity costs that you have made…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: opportunity cost

A: Opportunity cost: It refers to the cost which is to be occur by the company for choosing the next…

Q: If Bruce pays $2000 in tuition fees to the college, what does his opportunity cost?     $2000…

A: Opportunity cost is the value of something that must forgo to acquire something else. Thus, the…

Q: economy is based on using resources. We sell resources and use resources to manufacture and…

A: We use natural assets to run organizations and in our regular daily existences. Is this useful for…

Q: Discuss three examples of important trade-offs that you face in your life. Discuss the items you…

A: Three examples of trade-offs facing in life are as follows: A trade-off between starting a job or…

Q: Classify each of the statements as an example of positive or normative analysis.. The sugar quota in…

A: The sugar quota in the United States costs consumers $6.08 billion a year. Correct Answer: Positive…

Q: • Describe various opportunity costs of attending college. Given these opportunity costs, why do…

A: As a matter of first importance we want to comprehend what opportunity cost is:- OPPORTUNITY COST is…

Q: Elaborate on your opportunity costs, if you decide to stop studying now and start working.

A: Opportunity cost is the next best alternative foregone.

Q: Production possibilities. If the supply of capital falls by10 percent and the supply of labor…

A: If it is supposed that capital in form of land is used to produce wheat and labor is used to produce…

Q: Q66 Katie and Hugh are producing pies and jars of pickles. Katie can produce either 200 jars of…

A: Answer: Katie can produce either 200 jars of pickles or 100 pies per month. If Katie produces 200…

Q: Opportunity cost is whatever you give up to get something. What is the opportunity cost of staying…

A: Answer: Opportunity cost: The opportunity cost of an action refers to what people give up to do that…

Q: When economic growth occurs, the production possibilities frontier shifts outward but no longer…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Suppose a nation has a total of 12 units of labor, which can be used to produce either guns or…

A: Production possibility curve is a graphical representation which shows possible combinations of two…

Q: The table below shows various combinations of amounts of fish and corn that can be produced…

A: An opportunity cost can be understood as the loss of the second-best alternative in order to select…

Q: Suppose there is an improvement in medical technology that enables more healthcare to be provided…

A: A curve that depicts the possible quantities of two products that could, in turn, be produced if…

Q: Explain how each of the following situations would affect a nation's production possibilities curve.…

A: Hi, Thank you for your question. As per our policy we can answer only the first 3 subparts. Kindly…

Q: Marlene and Mya both work as artists. Marlene can produce 3 small sculptures each day or 30…

A: The opportunity cost is the benefit that would have been obtained if a different option had been…