a company had average total assets of $995,000. its gross sales were $1,124,000 and its net sales were $900,000. the company's total asset turnover equals:
Answers
The company's total asset turnover equals 0.90
Net Sales = $900,000
Gross Sales = $1,124,000
Average total assets = $995,000
Thus, employing the formula for Total Assets Turnover Ratio
This ratio measures the proportion of a company's average assets used to its net revenues. It is a ratio that reveals how well a business uses its resources to generate money. A greater ratio is typically preferred because it suggests that the business is more effective at generating sales or revenues. A lower ratio shows that a business could not be utilising its resources as effectively.
Total Assets Turnover Ratio(TATR) = Net Sales/ Average Total Assets
= 9,00,000/9,95,000
= 0.90
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Related Questions
when ordering raw materials of steel and aluminium the business is considering changing to jit advise them if its a good idea or not
Answers
The advantages the business gets if they change to JIT are
reduction in inventory costImprovement in qualityIncrease in efficiencyThe Advantages:Decisions on whether or not to implement a Just-In-Time (JIT) inventory system for steel and aluminum raw material depend on many variables such as business size, market demand, lead time and supplier reliability. Here are the potential advantages and disadvantages of JIT inventory in such situations:
JIT helps businesses reduce inventory holding costs as raw materials are only ordered as required, thus freeing up cash flow for other investments and creating greater cashflow opportunities.
Quality Improvement: Just-In-Time production methods provide greater quality assurance as materials can be purchased in smaller batches that can then be thoroughly inspected upon their arrival.
Increased Efficiency: Just-In-Time ordering helps shorten lead times as raw materials are ordered only when necessary for production; leading to greater productivity gains overall.
Disadvantages of Just in Time production (JIT):
JIT requires businesses to become increasingly dependent on suppliers for materials delivery on time or at required quality levels; any supplier failure could create major disruption in operations and create costly supply issues for business operations.
Transportation Costs Increase with JIT Delivery Frequencies: JIT deliveries often necessitate more frequent delivery trips, which increases transportation expenses.
Difficulties Responding to Unexpected Changes: JIT requires accurate forecasts for demand and lead times
Requiring an efficient supply chain: JIT requires close cooperation between businesses and suppliers in the supply chain.
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During the last few years, Jana Industries has been too constrained by the high cost of capital to make many capital investments. Recently, though, capital costs have been declining, and the company has decided to look seriously at a major expansion program that has been proposed by the marketing department. Assume that you are an assistant to Leigh Jones, the financial vice president. Your first task is to estimate Jana's cost of capital. Jones has provided you with the following data, which she believes may be relevant to your task: • The firm's tax rate is 25%. • The current price of Jana's 12% coupon, semiannual payment, noncallable bonds with 15 years remaining to maturity is $1,153.72. Jana does not use short-term interest-bearing debt on a permanent basis. New bonds would be privately placed with no flotation cost. • The current price of the firm's 10%, $100 par value, quarterly dividend, perpetual preferred stock is $116.95. Jana would incur flotation costs equal to 5% of the proceeds on a new issue. • Jana's common stock is currently selling at $50 per share. There are 3 million outstanding common shares. Its last dividend (D0) was $3.12, and dividends are expected to grow at a constant rate of 5.8% in the foreseeable future. Jana's beta is 1.2, the yield on T-bonds is 5.6%, and the market risk premium is estimated to be 6%. For the own-bond-yield- plus-judgmental-risk-premium approach, the firm uses a 3.2% judgmental risk premium. • Jana's target capital structure is 30% long-term debt, 10% preferred stock, and 60% common equity. To help you structure the task, Leigh Jones has asked you to answer the following questions. a) Omitted b) What is the market interest rate on Jana's debt and what is the component cost of this debt for WACC purposes? a) Omitted b) What is the market interest rate on Jana's debt and what is the component cost of this debt for WACC purposes? c) 1) What is the firm's cost of preferred stock? 2) Jana's preferred stock is riskier to investors than its debt, yet the preferred's yield to investors is lower than the yield to maturity on the debt. Does this suggest that you have made a mistake? d) (1) Omitted (2) Omitted (3) Jana does not plan to issue new shares of common stock. Using the CAPM approach, what is Jana's estimated cost of equity? e) (1) What is the estimated cost of equity using the dividend growth approach? (2) Suppose the firm has historically earned 15% on equity (ROE) and retained 35% of earnings, and investors expect this situation to continue in the future. How could you use this information to estimate the future dividend growth rate, and what growth rate would you get? Is this consistent with the 5% growth rate given earlier?
Answers
The current interest rate at which borrowers can borrow money from lenders in the financial market is referred to as the market interest rate, sometimes known as the prevailing interest rate or the going rate.
b) Market interest rate on Jana's debt and the component cost of this debt for WACC purposes can be calculated as follows: Given, the current price of Jana's 12% coupon, semiannual payment, non-callable bonds with 15 years remaining to maturity is $1153.72. Jana does not use short-term interest-bearing debt on a permanent basis. New bonds would be privately placed with no flotation cost.
Calculation of Market Interest Rate: Now, Let's calculate the market interest rate on Jana's debt by using the below formula: FV = 1000 (Bond's face value)Pmt = 60 (Bond's semi-annual payment= 12%*1000/2)N = 30 (Number of semiannual periods remaining till maturity)PV = -1153.72 (Bond's Current price)i = 5.06% (Semi-annual Yield to maturity).
Therefore, the semi-annual market interest rate on Jana's debt is 5.06%*2 = 10.12%. Calculation of Component cost of this debt for WACC purposes: Jana does not use short-term interest-bearing debt on a permanent basis. New bonds would be privately placed with no flotation cost. Therefore, the component cost of debt is equal to the Yield to maturity which is 10.12%. Hence, the component cost of Jana's debt for WACC purposes is 10.12%. Option a) is omitted.
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Define operations management and explain the role that it plays in the value chain
Research and explain the functions of the value chain, supply chain, logistics, forecasting, technology, customer relationships, capacity, and resource utilization as they relate to operations management. Based on your research, discuss how resources like just-in-time philosophy, amazons supply chain expertise, and forecasting, would assist in effective operations management and optimal business operations.
Discuss your research findings and how an operations manager can use the resources you listed to carry out daily tasks and help ensure success.
Answers
Operations management is a discipline that focuses on managing the processes, activities, and resources involved in producing goods or delivering services.
It plays a crucial role in the value chain by optimizing primary activities such as logistics, operations, and marketing to create value for customers.
Supply chain management and logistics ensure the efficient flow of materials and goods. Forecasting helps in planning and meeting customer demand. Technology enables automation and optimization.
Customer relationships and resource utilization are essential for customer satisfaction and efficient resource allocation. Resources like JIT philosophy, Amazon's supply chain expertise, and forecasting techniques assist in effective operations management, leading to optimal business operations and success.
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Pls help Which of the following is not an example of in-kind assistance? (1 point)
Low Income Home Energy Assistance Program
O
National School Lunch Program
O
Social Security income
Supplemental Nutrition Assistance Program
Answers
Answer:
The Answer is Social Security income
Explanation:
I know this is correct because I just finished the quick check this question was in.
Social Security income is an example of in-kind assistance as in this program the government supports the low-income people and the people with major disabilities.
What is in-kind assistance?
When someone is receiving in-kind support when one offers other a service, supplies, or free assistance. In-kind support is when another group provides free office equipment or meeting space.
The use of a company car or van, private medical insurance paid for by the employer, and the employer helping the employee to transfer the work are examples of in-kind assistance.
Thus, Social Security income is the not correct option for in-kind assistance.
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All of the following are examples of the food and beverage industry
except
-school cafeteria
-McDonald's inside a Walmart
-restaurant inside a shopping mall
-travel agency
Answers
Answer:
-travel agency
Explanation:
The food and beverage industry is made up of establishments whose core business is preparing meals, snacks, and beverages as per customers' orders for immediate consumption in or off the premises. A school cafeteria, McDonald's inside a Walmart, and restaurant inside a shopping mall will fit into the food and beverage industry's definition.
A travel agency is best placed in the tours and travels industry.
Many consumers feel skepticism towards salespeople.
True
False
Answers
Answer:
true
Explanation:
The collection of interactions a company has with a customer who has already purchased a product is
called
When dealing with customers face-to-face, a good customer service technique is
to
When speaking with customers over the phone, it is important to be aware of
can change the meaning of what is said.
Answers
If the customer appears to be frustrated the company service agent should try to understand the situation and should be familiar with situation.
What is a customer service technique?
A good service technique is a face-to-face interaction, first listen, summarize the problems, and repeat one should try to get a detailed insight into the problem and understand the client's frustration they should remember to tackle the situation carefully. They should have patience, empathy, and other qualities.
What are three important technique of customer service?
Essentially, the three "p"s of professionalism, patience, and a "people-first" mindset are the three key components of good customer service. Although each customer's experience with customer care is unique, as long as you're adhering to these rules, you're on the right route.
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Answer:
The collection of interactions a company has with a customer who has already purchased a product is
called
✔ customer service
.
When dealing with customers face-to-face, a good customer service technique is
to
✔ maintain eye contact
.
When speaking with customers over the phone, it is important to be aware of
✔ tone of voice
because it can change the meaning of what is said.
Actually got it right.
Have a good one!
Do producers tend to favor price floors or price ceilings why?
Answers
Producers tend to favor price floors.
Producers should favor price floors because during binding price floors increase price above equilibrium and this can tend to increase producer surplus. When the government gets involved in an economy to control prices they can act to prevent prices from going too high.
Price floors keep producers from experiencing losses because they know the price floor in their production. Price floors also favor workers such as minimum wage which ensures workers get paid a certain amount per hour in exchange for their labor. A price ceiling creates deadweight loss and an ineffective outcome. Government establishes a price ceiling to protect consumers.
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Country b has a gdp of $1 trillion and a gdp per capita of $27,000. its economy is a mix of manufacturing, high tech, services, aviation, agriculture, and mining. it has laws favorable to entrepreneurship and private sector growth. it has multinational corporations that have recently begun outsourcing jobs overseas, resulting in a rise in unemployment. which of these factors is the strongest sign that country b has a developed economy? multinational corporations operate within its borders. it is home to many high-tech companies. it has laws favorable to entrepreneurship it has a high gross domestic product.
Answers
The strongest sign that country B has a developed economy is it has a high gross domestic product.
What is the sign of economic development?Gross domestic product is the monetary value of all the final goods and services produced in an economy within a given period. The higher the GDP of a country, the higher the level of economic growth and development of the country.
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Answer: D: It has a high gross domestic product.
Explanation:just did it
you can make a positive impact on command policies
Answers
You can make a positive impact on command policies through proactive communication, collaboration, and constructive feedback.
First, proactive communication is essential in expressing your thoughts and ideas on existing command policies. By engaging in open dialogues with your superiors and colleagues, you can contribute to the identification of potential areas for improvement and offer possible solutions to enhance the effectiveness of these policies.Second, collaboration with team members helps ensure that different perspectives are taken into consideration when shaping command policies.
Finally, providing constructive feedback on command policies is crucial for their continuous improvement. As you observe the effects of current policies, take note of any unintended consequences, inefficiencies, or other issues that may arise. Share your observations and recommendations with the appropriate personnel, and be open to receiving feedback as well. This iterative process will facilitate the development of more effective and robust command policies over time.
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Complete Question : You can make a positive impact on command policies through?
which statement best describes the relationship between businesses and other parts of the circular flow of goods?
A. businesses make rules about what resources will be available
B. businesses sell the goods produced in households
C. businesses create the goods that product markets sell
D. businesses make it easier for households to access resource markets
Answers
The statement that describes the relationship between businesses and other parts of the circular flow of goods is that it is the businesses that create the goods that product markets sell. Hence, Option C is correct.
What is the flow of goods?Right from the availability of the raw material to the delivery of the goods to the ultimate customer, there is proper supply chain management, it works with the aim of the flow of goods. There are various types of flow, like labor flow, money flow, and many more.
Sometimes it is a complicated web in which there are interconnected networks, which involve a distribution channel also. There is a flow of labor also available, whose work is to produce goods and services.
Therefore, Option C is correct.
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why would the community benefit from businesses acting ethically
Answers
Answer:
because community have a lot nice nickname in it . we have a clean nice community
The eastern side of South America lacks ______ compared to the western side; this demonstrates the two areas have drastically different plate tectonic settings. Multiple choice question
Answers
the eastern side had more gold and spices than the western side
Explain the point of view of why the gender pay gap in sports is reasonable.
Please also list any sources used.
Answers
Answer:
In the world of sports, there is a notorious wage gap between men and women, in which male athletes earn much higher wages than women. Thus, for example, the best soccer player in the world, the Argentine Lionel Messi, earns about $ 100 million a year, while the best-paid female soccer player is the American Alex Morgan, who earns about $ 500,000 a year.
This huge gap has its logic in the world of advertising: men, due to physical and anatomical characteristics, have a better performance in sports in general (with some exceptions), with which their performance is more spectacular than that of female athletes, thus generating a larger audience and, therefore, generating higher advertising revenue. Because of this situation, that is, to generate higher income, it is that male athletes earn more money than female athletes.
Company Z understands that their business is at risk. How can they use step two in the
Decision Making Process to reach their end goal of increasing sales and customer satisfaction?
Answers
Company Z can use step two in the decision-making process to achieve its ultimate goal of increasing sales and customer satisfaction by gathering the relevant information about a decision.
Step two of the decision-making process corresponds to gathering relevant information after the decision has been identified. At this stage, internal and external work is necessary, analyzing the errors and successes related to a past decision.
Therefore, it is necessary for company Z to seek information from different sources, such as the results of previous decisions, studies, market research and consultancy, to ensure greater chances of a decision being effective.
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The employees at Mike Boyle Strength and Conditioning seem to be high performers. Consider the equation: P = M x A x E Which factor seems to be emphasized in the video as being important when discussing why the employees are high performers?
Answers
The returns of the stock index fund and the returns of the corporate bond fund are inversely correlated.
How is it determined?The returns of the stock index fund and the returns of the corporate bond fund are correlated by 0.30.
Your friend matteo currently has a portfolio that invests $40,000 in the risk-free asset and $60,000 in a portfolio of risky assets that are equally divided between stocks and bonds.
What is the corporate bond fund's risk?Corporate bond funds have a low credit risk because the AAA credit rating indicates the highest level of safety. Since a credit default, in which the issuer fails to pay interest or principal, can result in a loss that lasts a lifetime, credit risk is an important factor to take into account when investing in fixed income securities.
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Estimated cost and operating data for three companies for the upcoming year follow:
Predetermined overhead rates are computed using the following allocation bases in the three companies:
(b) Assume that Company X works on three jobs during the upcoming year. Direct labor-hours recorded by job are: Job 418,12,000 hours; Job 419,36,000 hours; and Job 420,30,000 hours. How much overhead will the company apply to Work in Process for the year? If actual overhead costs total 530,000 for the year, will overhead be underapplied or overapplied? By how much?
Answers
Estimated cost and operating data for three companies for the upcoming year the Predetermined Overhead Rate:
Calculation is attached in the image.
The foreordained overhead charge may be a plantwide overhead fee based on the assessed add as much as overhead fetched and the evaluated upload as much as overhead driver. The charge is utilized to apply overhead costs to employments in a task-order costing framework.
First, we want to determine the predetermined overhead fee:
Predetermined production overhead rate= total envisioned overhead expenses for the period/ overall amount of allocation base.
Now, to calculate the over/under allocation, first, we need to allocate overhead for the entire employer.
allotted MOH= predicted
production overhead fee* real quantity of allocation base.
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Explain the brand equity for Coca-Cola Company’s product. What is the differential influencing the brand can impose relative to competing brands?
Answers
Coca-Cola Company's product has strong brand equity based on factors such as brand identity, marketing efforts, product quality, and differentiation from competitors.
The Coca-Cola brand has built a recognizable identity through its iconic trademarks, logos, and packaging, evoking positive emotions and nostalgia among consumers. Extensive marketing campaigns and global presence have enhanced brand awareness and visibility.
Additionally, Coca-Cola's commitment to delivering a consistent and satisfying beverage experience has earned consumer trust and loyalty. Differentiation is a key aspect of Coca-Cola's brand equity, as it emphasizes its heritage, authenticity, and emotional appeal. The brand's association with happiness, togetherness, and shared moments sets it apart from competitors, creating a unique and desirable brand positioning.
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financial panic begins & leads to an economic depression.T/F
Answers
Prior to the establishment of the Federal Reserve System, how financial panics in the United States often got started.
In order to better oversee the financial system, Congress passed a law in 1913 creating the Federal Reserve System. This was due to the fact that they had observed that multiple financial panics in the United States could have been avoided if there had been a centralized monetary authority to oversee the sector and ensure that panics were minimized. Crops played a major role in how financial panics developed in the years before to the establishment of the Federal Reserve system. A crop failure would cause prices to soar out of control, unanticipated inflation, and a panic. Other periods, abundant crops or a surplus would result in falling market prices and the possibility of forcing people into bankruptcy, which would also cause a panic.
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Which of the following descriptions best describes a focus group? a) A qualitative market research technique b) A behavioural segment c) A promotional tool d) A pressure group
Answers
The best description of a focus group is a) A qualitative market research technique.
A focus group is a market research technique that involves a small group of individuals, typically selected based on specific criteria, gathering to participate in a guided discussion facilitated by a moderator. The purpose of a focus group is to obtain qualitative insights, opinions, perceptions, and attitudes regarding a particular product, service, concept, or topic.
During a focus group session, participants are encouraged to express their thoughts, ideas, and experiences openly. The moderator facilitates the discussion by asking questions, probing for deeper insights, and encouraging interaction among the participants. The group dynamic allows for the exploration of different perspectives and the generation of rich qualitative data.
Focus groups are widely used in market research to gather in-depth qualitative information, explore consumer preferences, test new product concepts, evaluate marketing messages, and gain insights into customer needs and behaviors. They provide valuable insights that help organizations understand their target audience, make informed decisions, and develop effective marketing strategies.
A focus group is a group of people brought together to dicuss a given subject such as a new innovation. The reactions of the focus group is studied and used to draw conclusions.
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What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answers
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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Joe Chin bought a house for $180,000. He made a 20% down payment. Joe secured a loan for the balance of the purchase price at 6.5% interest for 30 years. What will be the monthly payments on the loan? (do not use commas or dollar signs in your answer)
Answers
Answer:
$910.18
Explanation:
For computing the monthly payment we need to apply the PMT formula which is to be shown in the attachment
Given that,
Present value = $180,000 × (1 - 0.20) = $144,000
NPER = 30 years × 12 months = 360 months
RATE = 6.5% ÷ 12 months = 0.541666%
PMT = 1,000 × 4% ÷ 2 = $20
Future value = $0
The formula is shown below:
= NPER(RATE;NPER;-PV;FV;type)
The present value comes in negative
After applying the above formula, the monthly payment is $910.18
Why would you use a chart AND data in Excel?
O colorful
graphically represents the data
easier to compile data
visually clearer
to analyze individual values
Answers
Answer:
a b d
Explanation:
:)
There are many reasons for which we can use Chart and Data in excel and some of them are that it:
Graphically Represents the data
Visually Clearer
To analyze individual values
What is Excel?Excel is a Spreadsheet used to perform calculations and to record the numerical data and also perform functions on that data like Addition, Subtraction, Multiply, Average etc.
How can we represent data graphically on Excel?In Excel there are various modes or designs in which one can represent data. For example, we can add charts like 2D clustered chart or 3d chart, pie charts. We can also insert tables with unlimited rows and columns.
Also we can add images which can more clearly represent the data.
Hence Excel is a most efficient way to compute data and also to Represent that data effectively.
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Corporations can raise large amounts of money because:
shares of stock can be purchased in small amounts, so even small investors can participate.
investors always prefer to invest in stock so they can receive dividends.
stocks are always a good investment.
investing in the stock market is the surest way to get rich quick.
Answers
Because shares of stock can be bought in tiny increments, even novice investors can take part in corporate fund-raising efforts.
What do you mean by corporations?A corporation is a business entity whose shareholders elect a board of directors to run its affairs. The corporation, not the shareholders, is in charge of the company's activities and financial situation. a large company run by a collection of companies as a single unit: a multinational corporation. UK Broadcasting Corporation
What is the importance of corporations?In order to create value over the long term, a corporation must conduct legal, moral, profitable, and sustainable business practises. This necessitates taking into account the stakeholders who are essential to its success (shareholders, employees, customers, suppliers, creditors, and communities), as determined. A corporation protects its owners' personal assets from liability more than any other type of entity. For instance, even if a company's assets are insufficient to cover its debts, its investors will not be held personally liable in the event of a lawsuit.
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How are mathematicians and statisticians different?
Answers
Answer:
Mathematicians and statisticians both work with numbers, and they are required to have the same level of educational for their professions. ... The primary difference between them is that mathematicians may do a lot of theoretical work, while statisticians focus on using data to address business issues
Explanation:
Answer: the primary difference between them is that mathematicians may do a lot of theoretical work, while statisticians focus on using data to address business issues
Explanation: what are alike is that they both work with numbers
Andre enjoys playing video games, but there is not a video game about his favorite hobby: collecting stamps. Andre decides to make a video game, not his for his enjoyment but to sell to other stamp collectors.
Answers
Answer:
B) entrepreneur
Explanation:
Since in the question it is mentioned that Andre enjoys while playing video games but at that time his favorite video game is not available i.e. collecting stamps. Now he decides to prepare a video game not for his enjoyment but for selling to the stamp collectors
So here the productive resources are entrepreneurs as it deals with the resources that are needed while producing the goods and services
hence, the correct option is B.
What is it called when businesses are doing poorly and stock prices drop?
Answers
Answer:
When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds
Explanation:
Select the correct answer from each drop-down menu.
When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers.
Businesses face
v because they must alter existing infrastructure to meet regulations. As a result, consumers pay
v for produced goods.
Answers
Businesses and consumers are impacted when a government enacts legislation addressing worker safety and environmental protection. Businesses must change their existing infrastructure in order to comply with rules, which results in (HIGER COST)
Briefing: -As a result, customers pay (MORE) for things that have been produced.
This is due to the extra money that business owners expend to make sure they are adhering to rules. Therefore, in order for them to see a return on their investment, they must sell more of the products they currently have on hand (ROI).
What exactly are business and consumer?Business-to-consumer (B2C) refers to the practice of conducting direct sales of goods and services between an organization and the customers who will ultimately use those goods or services. B2C enterprises are the majority of businesses that sell to consumers directly.
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Critically assess which factors affected apple’s timing of entry. Include 3 factors and provide supporting evidence from the case (Hint: Chapter 5 timing of Entry)
Discuss if being late to the smartphone market was a disadvantage for Apple? Include in your answer 3 the factors that enabled Apple to successfully enter when it did. Support your answer with evidence from the case
Answers
Despite being late, Apple leveraged its brand reputation, product differentiation, and ecosystem integration, avoiding any disadvantages and gaining success.
Apple's timing of entry into the smartphone market was influenced by several factors. Firstly, technological readiness played a crucial role as Apple waited until the technology had advanced sufficiently to support its vision for a revolutionary smartphone.
Secondly, market demand was a factor as Apple entered when there was a growing consumer appetite for smartphones, indicated by the success of early competitors like BlackBerry. Lastly, the competitive landscape influenced Apple's timing, as it needed to assess and respond to existing players' strategies and market dominance.
Regarding the question of being late to the market, Apple's entry timing did not prove to be a disadvantage. Despite entering after competitors like BlackBerry and Nokia, Apple's brand reputation, innovative product design, and integration of hardware, software, and services allowed them to differentiate themselves.
Additionally, Apple successfully built a robust ecosystem encompassing app developers, iTunes, and the App Store, which further propelled their success. Evidence from the case supports this, as Apple's iPhone disrupted the market and gained a significant market share despite being a late entrant.
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6. what is the opportunity cost for each country to increase production from 0 lollipops to 1 lollipop? country a country b 7. what is the opportunity cost for each country to increase production from 1 lollipop to 2 lollipops? country a country b 8. what is the opportunity cost for each country to increase production from 2 lollipops to 3 lollipops? country a country b 9. what can you deduce about the costs of production in each country? explain.
Answers
A good or service's marginal cost is the opportunity cost of producing one additional unit of it.
What distinguishes trade-offs from opportunity costs?Two economic concepts—the trade-off and opportunity cost—are frequently interpreted incorrectly in this context. A trade-off, however, refers to the choice we forego in order to get what we want. The cost of giving up the second-best option in order to make a decision, on the other hand, is known as the opportunity cost.
How do you calculate the opportunity cost separating two points?Comparing the returns of two options allows an investor to determine the opportunity cost. By projecting future returns, this can be done while making a decision. As an alternative, the opportunity cost can be determined in retrospect by contrasting results since the choice was made.
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