Suppose you were conducting a cost benefit analysis for an alternative that required products to be shipped cross-country by truck. The truck driver would be willing to work for $750 per week. The driver is actually paid $1000 per week. How much of this pay would be included as a cost in your cost benefit analysis? Choice 1 of 4:None. Wages should not be included in a cost benefit analysis. Choice 2 of 4:$250 Choice 3 of 4:$750 Choice 4 of 4:$1,000

Q: In 2020, the annual wage "ceiling for workers aged 62-64 was $18,240 How large of a monthly Social…

A: The annual wage ceiling for workers who belong to the age group of 62-64 is $18,240. The maximum…

Q: You have two options for how to spend the afternoon. You can either go see a movie with your…

A: Opportunity cost is what one gives up  (or sacrifices) when one chooses one option over another.…

Q: A swimming athlete is deciding whether to work out for an extra hour. Her marginal benefit from…

A: By definition, the marginal benefit refers to the change in total benefits due to an extra hour of…

Q: Ed spends an hour studying instead of watching Netflix with his friends. The opportunity cost to him…

A: Opportunity cost is a fundamental concept in economics, representing the value of the next best…

Q: eferred compensation is another practice that employers may choose to adopt in certain…

A: Deferred Compensation: A portion of an employee's earnings or income is known as deferred…

Q: Montresor Fortunato's PED for amontillado (a pale dry sherry) is known to be 1.78 when price is…

A: PED, price elasticity  of demand is a measure that captures the  responsiveness of a goods quantity…

Q: Suppose you are hiring a contractor to remodel your kitchen. One contractor offers a fixed price for…

A: Cost is defined as the expenditure. It is expressed in terms of money value in the production…

Q: All of the following statements about value are correct EXCEPT The value of a thing is determined by…

A: Answer- The value of a thing is determined by the marginal utility this thing brings to the…

Q: Management decisions about demand, supply, production, pricing, and market structure are all…

A: According to the question, Demand, supply, output, price, and market structure are all…

Q: Suppose you have a choice of working full-time during the summer or going full-time to summer…

A: Suppose you have a choice of working full-time during the summer or going full-time to summer…

Q: Phyllis and her employer, Fred, know that she can generate $200,000 of profit per year for his…

A: Phyllis' alternative wage is surely less than $110,000, as evidenced by her agreement to labour for…

Q: student will increase up to $190.00 per month. However you can charge $1,072.00 per student. At what…

A: Fixed costs are costs that do not change with the level of output or production. They are incurred…

Q: Describe how specific types of task-oriented behaviors and relationship-oriented behaviors can be…

A: Consider taking on more leadership roles as your career progresses. Regardless of your position, you…

Q: Professional underwater divers are known to have high wages and work an average of only 20 hours a…

A: The professional underwater divers paid for their work. They are paid high wages and they have to…

Q: The opportunity cost of any decision that you make involves giving up something. I would like you to…

A: The opportunity cost is the cost of the next best alternative that is being foregone by the…

Q: Does Design & build or Management Procurement methods or strategies can improve the system of…

A: Introduction Tradition approach also help in developing new approach because as time goes on…

Q: Which of the given options would be studied in a microeconomics course? (A) How an increase in the…

A: To resolve the inquiry successfully, it's vital to initially recognize microeconomics and…

Q: Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost…

A: Cost of renting : Fixed Charge = 201 per day  Variable Cost (100 miles ) =  1.05* 100 = 105  Tip =…

Q: Imagine that David is preparing his will and is trying to decide how to divide his assets between…

A: Fairness is the quality of treating of the people equally or in a way which is either right or…

Q: for example) can be thought of as acts that have immediate gains but run the risk of long-run costs.…

A: We show that Committing a crime, such as burglary, is essentially a mirror image of an investment in…

Q: Shen is a 70-year-old professor. He teaches only one or two courses a year, but he's still pursuing…

A:

Q: The cost for one Lyft ride entails $1 in car upkeep, $1.50 in fuel, $2 in taxes and fees, and $7 in…

A: Note: Since you have posted multiple independent questions in the same request, we will solve the…

Q: Tully is a graduating high school senior deciding between three alternative combinations of…

A: To determine which option is the best for Tully, we need to calculate the present value of each…

Q: Your president bought two acres of land for $200,000 ten years ago. Although it is zoned for…

A: Your president bought two acres of land for $200,000 ten years ago. Although it is zoned for…

Q: As an employer, suppose you find it costly to monitor employee effort 100 percent of the time.  What…

A: (Q) As an employer, suppose you find it costly to monitor employee effort 100 per cent of the time.…

Q: You have the option to play tennis or a round of golf​ (but not​ both). The tennis match requires…

A: Net benefit is calculated by adding all benefits and subtracting all project costs. Net benefit is…

Q: pportunity co

A: Opportunity fee refers to the price of the next great opportunity that is forgone while a choice is…

Q: New York Giants star quarterback Eli Manning can sell 5 times more Giants memorabilia than any other…

A: Given,  New York Star Quarterback Eli Manning sells 5 times more memorabilia than any other team…

Q: Your boss is impressed with your performance over the past year and has decided to give you a 5%…

A: Here, it is given that an employer gives 5% increase in salary to his employee as he is impressed…

Q: What can be used to determine if a choice is worth the cost?         cost-benefit…

A: The objective of the question is to identify the correct method used in economics to determine if a…

Q: How do you think the impact of technology in economics is changing the choices for future careers?…

A: Technology is growing very fast. In this present time every single work is now being done by machine…

Q: Suppose you own a profitable small business in another state and you wanted to hold a meeting, but…

A: Since the person owns a small business that means the person will consider all the aspects of costs…

Q: The following are guidelines for recognizing your employees that help you to achieve your…

A: Introduction In the present super serious workplace, the organizations with the triumphant edge are…

Q: Your brother gave you a ticket to a hockey game as a birthday gift. The ticket cost your brother…

A: The opportunity cost is the benefit derived from the alternative option that is not chosen.