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[DOC File]gar003, Chapter 3 Systems Design: Job-Order Costing
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(b.) The opportunity cost is just the contribution margin on normal sales: (c.) Minimum acceptable price: 105. Pilgrim Corporation makes a range of products. The company’s predetermined overhead rate is $23 per direct labor-hour, which was calculated using the following budgeted data:
the opportunity cost of an action is

[DOC File]SOLUTIONS TO TEXT PROBLEMS:
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Similarly, the U.S. opportunity cost of 1 ton of grain is 2/5 car (4 divided by 10) and the Japanese opportunity cost of 1 ton of grain is 4/5 car (4 divided by 5). This gives the following table: Opportunity Cost of: 1 Car (in terms of tons of grain given up) 1 Ton of Grain (in terms of cars given up) U.S. 2 1/2 2/5 Japan 1 1/4 4/5 d.
opportunity cost is defined as

[DOC File]CHAPTER 2 – THE ECONOMIC PROBLEM
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The opportunity cost. of an action is the highest valued alternative foregone. On the PPF, the opportunity cost of producing more of one product (for example, a magazine) is the output of the other good that must be foregone (for example, CDs).
opportunity cost refers to quizlet

[DOC File]SOLUTIONS TO TEXT PROBLEMS: Chapter 13
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f. marginal cost. 2. a. The opportunity cost of something is what must be forgone to acquire it. b. The opportunity cost of running the hardware store is $550,000, consisting of $500,000 to rent the store and buy the stock and a $50,000 opportunity cost, since your aunt would quit …
opportunity cost refers to

[DOC File]Chapter 1—What Economics Is About
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a. a person with high opportunity cost of time b. a person with low opportunity cost of time c. a person who is out of work d. There is not enough information to answer the question. ANS: A PTS: 1 DIF: Easy NAT: Analytic. LOC: Scarcity, tradeoffs, and opportunity cost 12.
gomer decides to spend an hour playing

Chapter 06 Consumer Purchasing Strategies and Wise Buying ...
( Down payment $2000 ( Monthly loan payment ($300 per month for a 5-year loan) ( Opportunity cost of down payment ($2000 ( loan period (in years) ( 2% interest) ( Estimated value of vehicle at end of ownership period ($2,000) A. $2,000 B. $18,000 C. $18,200 D. $20,000 E. $20,200
attending college is a case where the

[DOC File]Opportunity Cost Work Sheet
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Opportunity cost . is one of the most important concepts in economics and is the basis of all economic decision making. The definition of opportunity cost is the value of any alternative you must give up when you make a choice. More specifically, it is the value of the next best alternative.
an opportunity cost is quizlet

[DOC File]1 - CPA Diary
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If the average cash balance for the company during the year is $20,916.50, the opportunity cost of holding cash for the year will be A. $2,091.65 B. $4,183.30 C. $8,750.00 D. $17,500.00 CMR is a retail mail order firm that currently uses a central collection system that requires all checks to be sent to its Boston headquarters.
define opportunity cost quizlet

Chapter 01 Personal Financial Planning in Action
12) Opportunity costs refer to money already spent. FALSE. An opportunity cost is the time, money, or resource given up when a decision is made. Bloom's: Knowledge Difficulty: Medium Learning Objective: 3 Topic: Opportunity costs 18. (p. 12) Opportunity costs refer to time, money, and other resources that are given up when a decision is made.
the opportunity cost of an action is

[DOC File]Chapter 1-Scarcity, Choice, and Opportunity Cost
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Every time you make a choice you incur an Opportunity Cost. the most valued opportunity or alternative you give up to do something . Rule Number 1…Scarcity --->Choices --->Opportunity Costs. Thinking at the Margin-deciding how much more or less to do of something-Increase the opportunity cost of doing something ---> Do less of it-Decrease the ...
opportunity cost is defined as

The opportunity cost of an action quizlet