What type of cost is the tuition paid for college credit after the census date when a refund is no longer possible? total cost O sunk cost O opportunity cost O marginal cost
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- Q)What type of cost is the tuition paid for college credit after the census date when a refund is no longer possible? Marginal Cost Opportunity Cost Sunk Cost Total CostRay bought two WVU football tickets for $100 each. However, he has won a free vacation and won’t be able to attend the game. A ticket scalper offers him $40 for each ticket before he leaves town. Calculate the opportunity cost. $0 $80 $200 $100 $12045. Minutes. I already bought bartlet I hope u can help me to answer this activity of mine.GO GO GO. 1 Engineering Economic > ECONOMICS
- Is this an good example of opportunity cost? “To begin, I began selling prints of my pictures in 2019 throughout 2020. It's now closed. USPS and UPS were the options I had during this period to ship out orders. I chose to mail my prints via USPS rather than UPS. Even though UPS ships more than 220 internationally while USPS only shipped to certain international destinations. With choosing USPS, the orders were delivered on time and without damage by the United States Postal Service. The opportunity cost is the benefit of UPS shipping.”Opportunity cost is the cost of next best foregone. Explain true or false._____ are the costs of an item in terms of dollar amount. Non-monetary costs Production costs Monetary costs Opportunity costs
- The Stimulus checks are finally mailed to families after the Senate votes to pass the bill. A family of five (5) decides to use $2,000 use as a down payment on anew car, as opposed to paying all family debt, which also amounts to $2,000. Why would this be an example of TRADE-OFFS & OPPORTUNITY COSTS? Required to answer. Single line text.Opportunity cost is usually O a standard cost. O a potential forgone benefit. a sunk cost. O included as part of cost of goods sold.Is this a good example of opportunity cost? Why or why not. “In 2019, I started my small business by selling prints of my photographs. Now it’s temporarily closed. During this time I had the option of shipping my prints through USPS or UPS. I decided to ship my prints through USPS instead of UPS since it was a bit expensive at the time. My prints that were shipped out from USPS arrived in time and came in good condition. The opportunity cost is the cost of UPS.”
- Is this a good example of opportunity cost? “To begin, I began selling prints of my pictures in 2019 throughout 2020. It's now closed. USPS and UPS were the options I had during this period to ship out orders. I chose to mail my prints via USPS rather than UPS. Even though UPS ships more than 220 internationally while USPS ships to certain international destinations. With choosing USPS, my orders were delivered on time and without damage by the United States Postal Service. The opportunity cost is the cost of UPS shipping.”Please awnser following questions and tell me which multiple choices are correct only please thank you 16 "Creative destruction" is the name given to: Select one or more: a. The process of destroying technology as in the case of the Luddites. b. The process by which new technologies are introduced to replace older, less profitable technologies. c. Increasing competition in a market as the number of firms increases. d. The process of preserving old technologies to protect disappearing ways of life. 17 A profit-maximising firm considers its marginal revenue (MR) and marginal cost (MC) functions. Which of the statements below is correct? Select one or more: a. If MR > MC, increase output to raise profits. b. If MC > MR, increase output to raise profits. c. If MC = MR, raise output to increase profits. d. If MC < MR, lower output to raise profits.Timothy quits his job which pays $65900 a year, to enrol in a 2 year graduate program. his annual expenses are $62600 for the tuition , $8400 for books, and $3500 for food. What is the opportunity cost for attending the graduate programe? What core principles are considered in Timothy's decision making? (i) Scarcity, Choice and Opportunity Cost (ii) Cost benefit analysis (iii) Incentive principle (iv) Diminishing returns