The monopolist should produce 27 units in order to maximize profit and should charge a price of $135 to maximize profit.
The profit-maximizing level of output can be determined by setting marginal revenue equal to marginal cost. As a result, the monopolist must decide how much to sell at a given price. In a monopoly, demand is a downward-sloping curve, while marginal revenue is less than price as a result of the market power held by the monopolist. The monopolist's profit-maximizing level of output occurs where marginal revenue equals marginal cost, as with competitive markets. The demand curve is given by P = 210-5Q, where P is the price of the good and Q is the quantity demanded. Since the monopolist is a price maker, it can charge any price it wants for the good, but the price must be consistent with the level of demand at that price. The marginal cost of production is $60, and there are no fixed costs of production. As a result, the monopolist's profit-maximizing level of output is determined by setting marginal revenue equal to marginal cost: MR = P + (dQ/dt) * (dP/dQ) = P - 5Q = MC = $60.P = MC + 5Q = $60 + 5Q.Q = (P - $60)/5.
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Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below.
Account Title Debits Credits
Cash35,500
Accounts receivable43,000
Supplies3,000 Inventory63,000
Notes receivable23,000
Interest receivable0
Prepaid rent2,500
Prepaid insurance9,000
Office equipment92,000
Accumulated depreciation 34,500
Accounts payable 34,000
Salaries payable 0
Notes payable 53,000
Interest payable 0
Deferred sales revenue 3,500
Common stock 81,000
Retained earnings 36,000
Dividends7,000
Sales revenue 161,000
Interest revenue 0
Cost of goods sold85,000
Salaries expense20,400
Rent expense12,500
Depreciation expense0
Interest expense0
Supplies expense2,600
Insurance expense0
Advertising expense4,500
Totals 358,600 358,600 Information necessary to prepare the year-end adjusting entries appears below.1. Depreciation on the office equipment for the year is $10,300.2. Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $900.3. On October 1, 2021, Pastina borrowed $50,600 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.4. On March 1, 2021, the company lent a supplier $20,600 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022.5. On April 1, 2021, the company paid an insurance company $6,600 for a one-year fire insurance policy. The entire $6,600 was debited to prepaid insurance.6. $560 of supplies remained on hand at December 31, 2021.7. A customer paid Pastina $2,300 in December for 900 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue.8. On December 1, 2021, $1,200 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $600 per month. The entire amount was debited to prepaid rent.Prepare closing entries.
The necessary December 31, 2021, adjusting journal entries are: Debit Depreciation expenses $10,300, Credit Accumulated depreciation $10,300.
Journal entriesPastina Company Adjusting entries
Debit Depreciation expenses $10,300
Credit Accumulated depreciation $10,300
Debit Wages expense $900
Credit Wages payable $900
Debit Interest expense $1,518
($50,600 × 12% × 3/12)
Credit Interest payable $1,518
Debit Interest receivable $1,373
($20,600 × 8% × 10/12)
Credit Interest revenue
Debit Prepaid insurance $4,125
($6,600 × 15/24)
Credit Insurance expense $4,125
Debit Supplies expense $340
($900 − $560)
Credit Supplies $340
Debit Sales revenue $2,300
Credit Unearned revenue $2,300
Debit Rent expense $600
Credit Prepaid rent $600
Therefore the necessary December 31, 2021, adjusting journal entries are: Debit Depreciation expenses $10,300, Credit Accumulated depreciation $10,300.
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Although abels manufacturing has facilities in several countries, management decisions that have company-wide implications are made within the home country. Abels manufacturing would be described as a ________.
Although abels manufacturing has facilities in several countries. Abels manufacturing would be described as a global company.
A global corporation is a company that operates internationally but keeps management and other decision-making local to the home country. The term "global" denotes the entire world, yet a global corporation is not required to operate globally. It is a company that conducts business in at least one country other than its own. There are many categories depending on their vast size, wide range of products, technical developments, marketing techniques, and extensive worldwide network of activities.
Global firms have a network of subsidiaries spread across many different countries that they use to extend their marketing and production activities. Their objective is to labour across several international boundaries and earn income in numerous different national currencies.
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The stock in Bowie Enterprises has a beta of 1.10. The expected return on the market is 12.40 percent and the risk-free rate is 3.21 percent. What is the required return on the company's stock
Based on the beta of Bowie Enterprises stock, the expected return on the market, and the risk free rate, the required return should be 13.32%.
What is the required return?You can find this using the Capital Asset Pricing Model:
Required return = Risk free rate + Beta x (Market return - risk free rate)
Solving gives:
= 3.21 + 1.10 x (12.40 - 3.21)
= 13.32%
In conclusion, the return is 13.32%.
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Electrum Electronics is planning its annual company sales meeting. The team in charge of the planning consists of members from several different offices. They need to have a conversation about creating the agenda for the sales meeting. Which communication channel should they use?
The best channel to be use is a conference call since the company need to have a conversation about creating the agenda for the sales meeting.
What is a communication channel?A communication channel refers to a various medium of information through which you can send a message are sent to the intended audience.
In conclusion, since the company need to have a conversation about creating the agenda for the sales meeting, the best channel to be use is a conference call
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On January 1, 2017, Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals $1,800,000.
What is the amount of goodwill that Robinson records at the purchase date?
Explain how Robinson would determine the amount of goodwill amortization for the year ended December 31, 2017.
Robinson Company believes that its employees provide superior customer service, and through their efforts, Robinson Company believes it has created $900,000 of goodwill. How would Robinson Company record this goodwill?
On January 1, 2017, Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals$1,800,000. Thus the amount of goodwill that Robinson records at the purchase date is $700,000.
What is the calculation?Step 1
Given that the entire Franklin Company was purchased by Robinson Company, goodwill should be recorded.
To solve for the purchased goodwill, we have
Goodwill= Purchase price of the company−Market value of the individual net assets
=$2,500,000−$1,800,000
= $700,000
Thus, the purchased goodwill is valued at $700,000.
Step 2
Goodwill is recorded as an asset and is not amortized, thus there will be no amount for goodwill amortization for year ended December 31, 2017. Instead, goodwill is tested for impairment annually.
Step 3
Goodwill is recorded only when it is acquired upon purchase. In this case, since goodwill is based solely on the employees' efforts of providing superior customer service, Robinson Company should not record it.
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shaw company budgets total overhead cost of $3,620,000. the company allocates overhead cost based on 181,000 budgeted direct labor hours. Compute the single plantwide overhead rate
The single plantwide overhead rate for Shaw Company is $19.92 per labor hour.
The single plantwide overhead rate for Shaw Company can be calculated using the following formula:
Overhead Rate = Total Overhead Cost / Budgeted Direct Labor Hours
Therefore, the single plantwide overhead rate for Shaw Company is $19.92 per labor hour ($3,620,000 / 181,000).
To better understand this calculation, it is helpful to consider the difference between overhead and direct labor. Overhead cost is the expense associated with the operation of the business that is not directly tied to production, such as rent, utilities, marketing, and administrative costs. Direct labor is the expense associated with the actual production of goods and services, such as the wages of factory workers.
The single plantwide overhead rate is the cost of running the business, divided by the total number of labor hours associated with the production of goods and services. This calculation is used to allocate overhead costs among different departments and activities, so that each department and activity can be charged the same proportion of overhead costs.
The single plantwide overhead rate is a useful tool for businesses, as it helps them keep track of the total cost of running the business and allocate the costs among the various departments and activities. By calculating the single plantwide overhead rate, businesses can ensure that their overhead costs are properly accounted for and properly allocated among their departments and activities.
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Depreciation in accounting is the: Multiple Choice Decrease in selling price of an asset. Decrease in fair value of an asset. Change in fair value of an asset Allocation of an asset's cost to an expense over time.
Depreciation in accounting is the allocation of an asset's cost to an expense over time.
Depreciation in accounting refers to the systematic allocation of the cost of a tangible asset over its useful life. It represents the recognition of an expense that reflects the wear and tear, obsolescence, or usage of the asset over time. By allocating the cost of the asset over its estimated useful life, depreciation allows businesses to match the expense of the asset with the revenue it helps generate. It does not represent a decrease in the selling price or fair value of the asset. Instead, depreciation recognizes that the asset is being consumed or losing value gradually and accounts for that decrease in value by spreading the cost over the asset's useful life.
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the general ledger of red storm cleaners at january 1, 2024, includes the following account balances: accounts debits credits cash $20,000 accounts receivable 8,000 supplies 4,000 equipment 15,000 accumulated depreciation $5,000 salaries payable 7,500 common stock 25,000 retained earnings 9,500 totals $47,000 $47,000 the following is a summary of the transactions for the year: 1. march 12 provide services to customers, $60,000, of which $21,000 is on account. 2. may 2 collect on accounts receivable, $18,000. 3. june 30 issue shares of common stock in exchange for $6,000 cash. 4. august 1 pay salaries of $7,500 from 2023 (prior year). 5. september 25 pay repairs and maintenance expenses, $13,000. 6. october 19 purchase equipment for $8,000 cash. 7. december 30 pay $1,100 cash dividends to stockholders. required: 2. record each of the summary transactions listed above. 4. prepare an unadjusted trial balance. 5. record adjusting entries. accrued salaries at year-end amounted to $19,600. depreciation for the year on the equipment is $5,000. office supplies remaining on hand at the end of the year equal $1,200. 7. prepare an adjusted trial balance. 8-a. prepare the income statement for the year ended december 31, 2024. 8-b. prepare the classified balance sheet for the year ended december 31, 2024. 9. record closing entries. 1., 3., 6.,
A journal entry is an act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
What is Ledger?A ledger is an accounting book or group of books where account transactions are noted. Each account has a beginning or carry-forward balance, as well as the ending or closing balance, and would record each transaction as either a debit or credit in distinct columns.
The date, the amount to be credited and debited, a brief description of the transaction, and the accounts involved are all included in each journal entry along with other information pertinent to a single business transaction. Depending on the business, it could include a list of the impacted subsidiaries, tax information, and other details.
Therefore, A journal entry is an act of recording any transaction, whether one is economic or not.
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PLEASE
I recently got a new phone and now it won't give me notifications for reminders. I've tried everything and I'm screwed. What are some ideas for rembering stuff throughout the day? For instance, I need to talk to my bio teacher tomorrow about an assignment but I'll forget since I don't have reminders. What are some methods that work other than shoving a post-it down my pocket?
Answer:
you can make an agend or put noted on your fridge
Explanation:
The duality of effects refers to the fact that each transaction ______.
What is the difference between a total and a subtotal?
Explanation:
SUB-TOTAL:
The total for a part of a list of numbers being summed.
TOTAL:
An amount obtained by addition of smaller amounts.
Answer:
subtotal is all the different parts being added together from different list.
total is the all items being added together plus tax.
Explanation:
10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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john decides to cheat on a contract promise to get paid faster so that he can give that money to desperate disaster victims. from an ethical perspective, john decides that
John decides to cheat on a contract promise to get paid faster so that he can give that money to desperate disaster victims. From an ethical perspective, the end of John's action justifies the means. The decision taken by John would have a positive impact on the victims' lives.
An ethical perspective is a lens an individual uses to view a problem. Each person has such a perspective, whether or not they realize it. With the ethical perspective, one identifies and differentiates the proper concepts of good and bad, helps to define problems by systematically thinking, and allows one to see the realities from different points of view, to be able to take decisions. The ethical perspective is acquired throughout life and is related to habit, with the definition of what is good (virtue) or bad (vice).
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Three possibilities are equally likely and have payoffs of $3, $6, and $9. the expected value is:_________
When three possibilities are equally likely and have payoffs of $3, $6, and $9. Then the expected value will be $6.
What is Expected Value?
Expected value refers to when you play the game it will tell you the probability or winning chance and amount to win.
Hence, in the above questions, there are equally likely possibilities.
So, in this case, the probability for each possibility is 1/3.
We can calculate the expected value (EV) as:
EV=((1/3) x $3) + ((1/3) x $6) + ((1/3) x $9)
=1 + 2 + 3
=$6
Therefore, the expected value will be $6 when three possibilities are equally likely and have payoffs of $3, $6, and $9.
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Why is it important for o evaluate your advertising campaign when it is complete?
Answer:
A well-documented evaluation of your campaign builds credibility and respect. It helps determine if your ads are hitting the target audience, and what are their opinions and feedback on it.
Explanation:
The evaluation of your advertisement campaign helps in enhancing transparency and the report showcases the achievements you have attained during this and also helps showcase the entire campaign to every key stakeholder. It helps in building trust across the various departments in the company and enables them to measure the strengths and weaknesses of the campaign, in order to adjust for future campaign drives.
Ruth wants to be a restaurant manager in five years. This is her career ____, which refers to the highest career level she is alming for. To achleve this, she needs to make______ which will include taking steps to achleve her objective.
Management
Goal
Preparation
A career plan
A career target
A career vision
Answer:
goal
A career plan.
This is the answer.
the demand curve for product X is given by QXd = 500 - 4PX.
a. Find the inverse demand curve.
Instruction: Enter all values as integers, or if needed, as a decimal.
PX = ( ) - ( ) QXd
Instructions: Enter your responses to the nearest penny (two decimal places).
b. How much consumer surplus do consumers receive when Px = $50?
$
c. How much consumer surplus do consumers receive when Px = $35?
$
d. In general, what happens to the level of consumer surplus as the price of a good falls?
The level of consumer surplus (Click to select) doesn't change increases decreases as the price of a good falls.
a. The inverse demand curve can be found by solving for PX in the original demand curve equation:
QXd = 500 - 4PX
-4PX = -QXd + 500
PX = (QXd/4) - 125
So the inverse demand curve is:
PX = (1/4)QXd - 125
b. When PX = $50:
QXd = 500 - 4(50) = 300
To find the consumer surplus at this price, we need to find the area below the demand curve and above the price (shaded in the graph below):
[Graph not included]
The area of this triangle is (1/2)(300)(50) = $7,500.
So consumers receive $7,500 in consumer surplus at a price of $50.
c. When PX = $35:
QXd = 500 - 4(35) = 340
To find the consumer surplus at this price, we need to find the area below the demand curve and above the price (shaded in the graph below):
[Graph not included]
The area of this triangle is (1/2)(340)(65) = $11,050.
So consumers receive $11,050 in consumer surplus at a price of $35.
d. In general, as the price of a good falls, the level of consumer surplus increases. This is because consumers are willing to pay more for a good than they actually have to pay at a lower price, so they receive a larger benefit in terms of surplus.
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a. The inverse demand curve can be found by solving for PX in the original demand curve equation:
QXd = 500 - 4PX
-4PX = -QXd + 500
PX = (QXd/4) - 125
So the inverse demand curve is:
PX = (1/4)QXd - 125
b. When PX = $50:
QXd = 500 - 4(50) = 300
To find the consumer surplus at this price, we need to find the area below the demand curve and above the price (shaded in the graph below):
The area of this triangle is (1/2)(300)(50) = $7,500.
So consumers receive $7,500 in consumer surplus at a price of $50.
c. When PX = $35:
QXd = 500 - 4(35) = 340
To find the consumer surplus at this price, we need to find the area below the demand curve and above the price (shaded in the graph below):
The area of this triangle is (1/2)(340)(65) = $11,050.
So consumers receive $11,050 in consumer surplus at a price of $35.
d. In general, as the price of a good falls, the level of consumer surplus increases. This is because consumers are willing to pay more for a good than they actually have to pay at a lower price, so they receive a larger benefit in terms of surplus.
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a company sells two models of a product—basic and premium. the basic model has a contribution margin per unit of $25 and unit sales of 750. the premium model has a contribution margin per unit of $40 and unit sales of 250. fixed costs are $15,000. the weighted average contribution margin in units is
The weighted average contribution margin in units is 28.75
This is further explained below.
What is the weighted average contribution margin in units?Overall sales units equal the sum of sales for the basic model and the superior model.
NU= 750 + 250
NU= 1,000 units
Generally, Average weighted contribution margin in units = (Basic model contribution margin per unit x sales mix) + (Contribution margin per unit of Premium model x sales mix)
Therefore
Average weighted contribution margin in units=\(\frac{25 * 750}{1,000} + \frac{40 * 250}{ 1,000}\)
= 18.75 + 10
= 28.75
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Answer:
521
Explanation:
All employers in the U.S. Pay "payroll taxes" on behalf of employees. The Medicare portion of this is 1.45% of pay. If an employee makes $480 in a week, how much does the employer contribute for Medicare?
Answer: $6.96
Explanation:
Weekly earning = $480
Medicare tax rate = 1.45%
1.45% = (1.45/100) = 0.0145
Medicare contribution = Medicare tax rate × weekly earning
Medicare contribution = 0.0145 × $480 Medicare contribution = $6.96
The employees weekly contribution that is apportioned for Medicare is $6.96
Answer:
$7.10 USD
Explanation:
If the Employer is paying 1.48% of the employees paycheck to Medicare on their behalf then in order to calculate the actual amount we must first change the percentage into a decimal by dividing it by 100.
1.48 / 100 = 0.0148
Now that we have the percentage as a decimal we multiply it by the amount that the employee made that week, which in this case is $480
480 * 0.0148 = 7.104
Therefore we can see that $7.10 USD goes to medicate this week.
1. Determine the amount of the impairment loss, if any. (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
The imparment value on the asset given the book value and the fair value of the asset is $-2.8 million.
What is the impairment loss?An asset is impaired when its book value is greater than the total future cash flows. When an asset is impaired, in order to determine the impairment loss, subtract the fair value of the asset from the book value of the asset.
Impairment loss = 6.9 million - $9. 7 million = $-2.8 million
Here is the information that would be used to solve the question: Book Book value $9. 7 million
Estimated total future cash flows 8.1 million
Fair value 6.9 million
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We can't select cash in Journal Voucher
a.True b.False
Conor broke his wrist while playing basketball in the backyard. He ended up in the hospital. After an X-ray, MRI, doctor visit and a cast, he receives a hospital bill for $10,000. According to his health insurance policy, he has $2,000 deductible (which he did not pay this year at all) and a 20% co-pay. How much Conor will have to pay for the hospital?
Answer:
$6,000
Explanation:
A deductible is the amount Conor has to pay before his medical bills and prescriptions start getting coverage from his insurance.
Step 1: 10,000 - 2,000 = 8,000
A co-pay is a fixed amount the insured has to pay for certain medical services.
Step 2: 20% of 8,000 or 0.20 times 8,000 = 1,600
Step 3: add $2,000 (the deductible you have to pay) and $1,600 (the co-pay)
Total amount that Conor will have to pay for the hospital: $3,600
Vivian has just been promoted to management after years of working at the company. She is very excited, but nervous to now be the boss of several of her colleagues. What would be good advice for her
Answer:
Trust her gut and stay calm under any circumstances
Regrading the management, the good advice for her would be take a learning orientation approach which engages in self-development.
What do you mean by the management?In order to achieve desired goals and objectives, a person or group of people must be challenged and managed, according to the concept of management.
In management, efficiency is the ability to complete tasks effectively and economically. In order to provide measurable results, tasks must be completed within predetermined deadlines.
All parties involved in the business, such as the government, consumers, and employees, should have their interests taken into account by management. For the organization, managers are in charge of setting and achieving goals.
Therefore, the regrading the management, the good advice for her would be take a learning orientation approach which engages in self-development.
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Cost is 120.37 and selling price is 198.99 what's the markup, percent of the markup on cost, and percent of markup on selling price
Markup= 78.62
Percentage markup= 65.3 % increase
This graph shows the relationship between the amount of two products a
company can make. This is also known as a(n):
Product A
7
3
A
VO
39
Product B
OA. opportunity cost graph.
OB. capital investment model.
OC. projected annual growth plan.
OD. production possibilities curve.
QB
65
The graph which shows the relationship between the amount of two products a company can make is also known as a production possibilities curve. The Option D is correct.
What is the use of production possibilities curve in economics?The Production Possibilities Curve (PPC) is a model that illustrates the tradeoffs involved in allocating resources between the production of two goods. Scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions can all be illustrated using the PPC.
Because the PPF is a curve based on two variables representing resources between two goods, the data can be manipulated to see how scarcity, growth, inefficiency, efficiency, and other factors affect production.
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assume that the interest rate on borrowings in chile is 4 percent, but the interest rate on deposits in british banks is 8 percent. a trader borrows 1 million chilean pesos, then converts the money into british pounds and deposits it in a british bank. what is the trader involved in?
Arbitrager trader is a type of trader which can buy things in low price and sell it at higher price.
What exactly is an arbitrager?Arbitrageurs are investors who want to make money from market inefficiencies. These inefficiencies can affect any aspect of the market, including pricing, dividends, and regulation. Price arbitrage is the most common type of arbitrage. In this case, the person borrows money at a lower interest rate in Chile and deposits it in the United Kingdom, where he earns a higher interest rate. Currency arbitrage is a foreign exchange strategy that allows a currency investor to profit from different rates suggested by brokerages in different exchange rates for a single currency pair.
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Select all the correct answer.
What type of factor of production is a bulldozer?
Oland
O labor
O capital
O entrepreneur
Answer:
capital
Explanation:
bulldozer is bought with capital.
which selections use effective you attitude? check all that apply. thank you for shopping at freelinks. your order will ship on saturday. to encourage attendance at the company bbq, we will enter your name in the raffle. we want you to take full advantage of the professional development workshops we offer. your online shopping experience at toys4fun should be enjoyable.
The selections that use an effective "you" attitude are:
A: Thank you for shopping at Freelinks. Your order will ship on Saturday.
C: We want you to take full advantage of the professional development workshops we offer.
D: Your online shopping experience at Toys4fun should be enjoyable.
These statements show a customer-centered approach by using "you" to address the customer directly, acknowledging their needs, and providing them with a positive experience. The statement about the company BBQ uses a similar approach by offering an incentive for attendance. This creates a positive impression and encourages the reader to take action.
Overall, using an effective "you" attitude is a way to build trust, establish rapport, and communicate in a customer-focused manner.
Correct options are A, C, and D.
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When you are in a conflict with another person, it is important to remember:
OA.
That you are right and he is wrong.
O B.
All the negative things the other person has said or done to you.
O C.
That you also helped create the conflict.
OD.
That it is your right to control your friends.
an example of the opportunity cost of the war against terrorism
The night before an exam, a student goes to the movies for three hours and spends $20. Time spent studying and money used for other purposes are the opportunity costs. Wheat is planted by a farmer; Planting a different crop or making a different use of the resources (land and farm equipment) is an example of the opportunity cost.
How much does terrorism cost the economy?Terrorism's economic impact in 2018 is estimated at $US 33 billion, according to this paper. Terrorism cost the world economy $855 billion between 2000 and 2018.
Which examples of opportunity costs must a government take into account?Not getting a new car has the opportunity cost of going on a vacation instead of spending the money on one. At the point when the public authority burns through $15 billion on premium for the public obligation, the open door cost is the projects the cash could have been spent on, similar to training or medical care.
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