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lilavasa
2 months ago
14

Russell spends an hour studying instead of playing basketball. Russell’s willingness to study is due to the fact that he... Your

answer:
a. must enjoy studying more than he enjoys playing basketball.
b. believes the marginal cost of studying an extra hour is immensely challenging.
c. feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.
d. considers his opportunity cost to be zero.
Business
2 answers:
harina [3.8K]2 months ago
8 0

Answer:

The answer is option "C": considers that the extra hour spent on studying offers more benefits than the drawbacks of not engaging in basketball.

Explanation:

In making choices, evaluating costs and benefits is vital to determine the best option that provides the highest payoff. When the marginal advantage of a choice surpasses its marginal expense, it becomes sensible to pursue that choice. If the marginal expense is higher than the marginal advantage, it is advisable to forgo that choice.

Thus, Russell likely weighed the additional benefit of studying for an hour as exceeding the associated cost of skipping basketball. That is why he opted to dedicate an hour to his studies over playing basketball.

Katen [3.5K]2 months ago
4 0

Answer:

c. believes that the incremental benefit derived from an additional hour of studying surpasses the marginal expense of neglecting basketball.

Explanation:

Russel opted to devote an hour to studying rather than engaging in basketball. In decision-making, individuals assess the advantages of an action against its associated opportunity cost.

Opportunity cost refers to the value of the alternative not chosen when a decision is made.

In this scenario, Russell decided on studying, and the opportunity cost was foregoing the enjoyment of playing basketball.

His choice to study signifies that he perceived the value of learning to outweigh the cost associated with not participating in basketball, thus selecting the most advantageous option for himself.

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What is the most likely result of inflation?
marusya05 [3725]

Answer and explanation:

Inflation refers to the rise in prices of goods and services over time. During such conditions, consumers experience a decline in purchasing power. Typically, in inflationary contexts, the government intervenes as a market regulator, increasing interest rates to counteract this economic phenomenon.

The most probable outcome of inflation is a rise in general prices in the market, but it can also lead to decreased investments and heightened unemployment.

5 0
1 month ago
Blake eats two bags of potato chips each day. Blake's hourly wage increases from $9 to $15, and he decides to stop eating generi
Mariulka [3825]

Answer:

-4 units

Explanation:

Applying the midpoint method, Blake's income elasticity of demand for generic potato chips is determined by multiplying the change in demand (D) by his average income (I), then dividing by the product of the change in income and average demand:

E=\frac{\Delta D}{\Delta I}*\frac{I_{avg}}{D_avg}\\E=\frac{0-2}{15-9}*\frac{\frac{9+15}{2}}{\frac{2+0}{2} }\\E=-4\ units

Thus, Blake's income elasticity of demand equals -4 units.

8 0
3 months ago
When banks try to make their positioning strategies tangible through the ________ dimension, they make sure the exterior and int
Free_Kalibri [3773]

Answer:

Place

Explanation:

When banks attempt to actualize their positioning approaches through the Place aspect, they ensure that both the inside and outside are aesthetically pleasing, the arrangement of furniture and movement patterns are meticulously planned, and that the lines for waiting are kept to a minimum.

Positioning strategies: This strategy focuses on one or two specific areas to prioritize for the development of the brand and products within the market. Before putting these strategies into action, it is crucial to comprehend the company’s strengths and weaknesses, the needs of target customers, and the market position of competitors, which aids in effective planning and accomplishing the organization's goals.

There are multiple dimensions to consider in positioning strategies, depending on the type of analysis the firm wishes to undertake.

In the current example, the bank has applied the place dimension of positioning strategies to enhance customer appeal and maintain an orderly service flow within the bank.

4 0
1 month ago
Project A has cash flows of –$74,900, $18,400, $26,300, and $57,100 for Years 0 to 3, respectively. Project B has cash flows of
Mariulka [3825]

Respuesta:

El Proyecto A debe ser aceptado NPV 3,948.77

El Proyecto B debe ser rechazado NPV -7,086.76

Explicación:

Calcular el valor presente de cada flujo de caja con una tasa de descuento del 11.5% utilizando la fórmula para el valor presente de un monto único:

\frac{Nominal}{(1 + rate)^{time} } = PV

la tasa para cada flujo de caja será del 11.5%

el tiempo corresponderá al año del flujo de caja

y el valor nominal de cada flujo de caja

Proyecto B:

Año 1

\frac{18400}{(1 + 0.115)^{1} } = PV  

PV   16,502.24

Año 2

\frac{22700}{(1 + 0.115)^{2} } = PV  

PV   18,258.96

Año 3

\frac{51500}{(1 + 0.115)^{3} } = PV  

PV   37,152.04

Total flujo de caja descontado: 71,913.24‬

NPV: flujo de caja descontado - inversión

71,913.24 - 79,000 = -7,086.76

El Proyecto B debe ser rechazado NPV -7,086.76

Proyecto A:

Año 1:

\frac{18400}{(1 + 0.115)^{1} } = PV  

PV   16,502.24

Año 2:

\frac{26300}{(1 + 0.115)^{2} } = PV  

PV   21,154.66

Año 3:

\frac{57100}{(1 + 0.115)^{3} } = PV  

PV   41,191.87

Total flujo de caja descontado: 78,848.77

NPV:flujo de caja descontado - inversión

78,848.77 - 74,900 = 3,948.77‬

El Proyecto A debe ser aceptado NPV 3,948.77

6 0
2 months ago
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