Stephanie has $200 left over this week, and she wants to contribute to a charitable cause. She can either feed 20 homeless persons two meals in a day or she can provide shelter for 10 homeless persons one night. What is the opportunity cost of Stephanie using all her money to shelter homeless people?

17th Assignment You have 10 posters. You know 10 people such that 1 person is willing to pay $9 for the poster, another $8, another $7, each successive person is willing to pay a dollar less all the way down to a 10th person willing to take the poster for free. Everyone want's only one poster. If you can only charge one price, what price do you charge?

1. Jaynet spends $30,000 per year on painting supplies and storage space. She recently received a job offer from a famous marketing firm for $110,000. However, she turned the job offer down to continue a painting career. If Jaynet sells 25 paintings per year at a price of $8,000 each:What is the minimum amount that she would need to be offered to quit her painting career?

At the flower shop, where you manage twoemployees, your employees perform two tasks,caring for the displays of cut flowers and makingflower arrangements to fill customer orders.Explain how you would approach organizing youremployees and assigning them tasks

Jeff can opt to join singing classes or work as a part time job in that one hour.  The job would help him make $500 per month Calculate the opportunity cost of Jeff opting for singing classes

Jenny takes a day off from work today in order to go Motor Vehicles and take her driver's license written test. The test fee is $75 and she pays $20 for parking. After taking the test she can also walk her neighbor's dog and receive $25 for it. Jenny earns a wage of $30 per hour per 9-hour day at her job. What is Jenny's opportunity cost of taking the day off? $270 $95 $25

Store Travel Time Each Way        (minutes) Price of a Skirt (Dollars per skirt)     Local Department Store 15 103 Across Town 30 87 Neighboring City 60 64   Juanita makes $16 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $16 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location. Store Opportunity Cost of Time Price of a Skirt Total Cost (Dollars) (Dollars per skirt) (Dollars) Local Department Store   103   Across Town   87   Neighboring City   64

Sven runs a daycare for some of the neighborhood children, where he earns $300/day inrevenue. He runs the daycare out of his home, for which the mortgage costs $3,000 per month($100 per day). Each day, Sven spends $50 on food, diapers, and other supplies. He also hassome toys and playground equipment that originally cost $500, but which he wouldn’t getany money for reselling today. Sven looks after all the children himself, so he doesn’t pay anymoney in labor costs. If he weren’t busy with the daycare, he could earn $120 per day as aprivate nanny. What is Sven’s daily economic profit from the daycare? (Select one from below) (a) $300: Economic profit is equal to revenue.(b) $180: That is his revenue minus opportunity cost.(c) $150: That is his revenue minus input cost.(d) $130: That is his revenue minus variable cost.(e) $50: That is his revenue minus accounting cost.(f) $30: That is his revenue minus economic cost.(g) $0: In the long run, all firms must make zero profits.(h) –$200:…

Every week, Mary plays the piano for three hours, and her grade on each English test is 80 percent. Last week, after playing for three hours, Mary considered playing for another hour. She decided to play for another hour and cut her study time by one hour But last week, her English grade fell to 60 percent. Did Mary make her decision on the margin? OA Mary's decision was not made at the margin because she could have chosen not to play the piano but didn't OB. Mary's decision was not made at the margin because the marginal cost of a lower grade always exceeds its marginal benefit Oc. Mary's decision was made at the margin because her grade fell by only 20 percentage points OD Mary made her decision at the margin because she considered the benefit and cost of one additional hour of playing the piano OE Mary's decision was not made at the margin because she didn't compare the total benefit and total cost of a third hour of playing the piano

Question 8 If your wage increases from $10 per hour to $15 per hour, then your Group of answer choices opportunity cost of an hour of leisure decreases by $5 per hour. opportunity cost of an hour of leisure increases by $5 per hour. out-of-pocket cost of an hour of leisure decreases by $5 per hour. out-of-pocket cost of an hour of leisure increases by $5 per hour.