Business, 19.06.2020 13:57 mamieengler

You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are measured in dollars, but Average: /1 the benefits of the vacation are psychological. Suppose you had to work for one month in order to save enough for the vacation. Which of the following is true if you decide to take the vacation? A. You are not being rational because it is impossible to compare the benefits of going on the vacation to the costs.
B. The opportunity cost of going on the vacation is the forgone wages you could have earned.
C. The benefits of going on the vacation exceed the cost of working for a month to pay for the vacation Contnue without saving

Answers: 3

Show answers

Another question on Business

Business, 23.06.2019 00:30

It's possible for a debt card transaction to bounce true or false

Answers: 1

Answer

Business, 23.06.2019 14:30

Anew japanese restaurant opens two blocks from your home. the owner, reiko, is a personal friend of yours. you don't particularly like japanese food, but you decide to go anyway; however, there is nothing on the menu that sounds appealing. unfortunately, it turns out that most of the people in your town don't like japanese cuisine either. reiko confides that business is not good, but she isn't sure what to do from an economic standpoint. which of the following would most likely describe adam smith's perspective on this problem? select one: a. reiko should ask the government for assistance. b. reiko should close the restaurant and find a different career. c. reiko should lay off workers and do everything herself to save money. d. reiko should add other foods to the menu and offer discounts to attract more people to her restaurant.

Answers: 1

Answer

Business, 23.06.2019 15:00

Aplant manager is considering buying additional stamping machines to accommodate increasing demand. the alternatives are to buy 1 machine, 2 machines, or 3 machines. the profits realized under each alternative are a function of whether their bid for a recent defense contract is accepted or not. the payoff table below illustrates the profits realized (in $000's) based on the different scenarios faced by the manager. alternative bid accepted bid rejected buy 1 machine $10 $5 buy 2 machines $30 $4 buy 3 machines $40 $2 refer to the information above. assume that based on historical bids with the defense contractor, the plant manager believes that there is a 65% chance that the bid will be accepted and a 35% chance that the bid will be rejected. what is the expected value under perfect information (evpi)?

Answers: 1

Answer

Business, 23.06.2019 21:00

Professional and scientific staff management (pssm) is a unique type of temporary staffing agency. many organizations today hire highly

Answers: 2

Answer

You know the right answer?

You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hot...

Questions