7 N 8% I/Y CPT PV = $5000.35 The original principal amount are $5000.35 c) Calculate the present value of $5‚800 received at the end of year 1‚ $6‚400 received at the end of year 2‚ and $8‚700 at the end of year 3‚ assuming an opportunity cost of 13 percent. Answer From financial calculator i) $5‚800 FV 1 N 13% I/Y PMT CPT PV = $5132.74 ii) $6‚400 FV 2 N 13% I/Y PMT CPT PV = $5012.14 iii) $8‚700 FV 3 N 13% I/Y PMT CPT PV = $6029.54 $5‚800 + $6‚400
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ii. An increase in immigration of foreign workers to the U.S. iii. An increase in the average retirement age iv. The migration of skilled workers to Europe 4. Identify whether each of the following would increase or decrease the opportunity costs for stay-at-home moms or dads (those who choose not to accept work outside the home). Briefly explain your answers. a. Higher unemployment rates. b. Lower average wages. c. Higher demand for labor. d. Lower income tax rates on wages
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Opportunity costs History The term was coined in 1914 by Austrian economist Friedrich von Wieser in his book Theorie der gesellschaftlichen Wirtschaft. It was first described in 1848 by French classical economist Frédéric Bastiat in his essay "What Is Seen and What Is Not Seen A benefit‚ profit‚ or value of something that must be given up to acquire or achieve something else. Since every resource (land‚ money‚ time‚ etc.) can be put to alternative uses‚ every action‚ choice‚ or decision
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Animals are such agreeable friends. They ask no questions and they pass no criticism.” So it is no surprise that scholars have long been intrigued by the possibility that animals possess largely untapped therapeutic powers. Most Americans are animal lovers; about 63 percent of U.S. households contain one or more pets‚ according to the American Pet Products Manufacturers Association. Several‚ but not all‚ studies suggest that those of us who own pets tend to be somewhat happier than those of us
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if logs were transferred to the Sawing Division at the suggested price of $61.50 per log. CM from selling externally = $75 - $40.50 - $9.50 = $25/unit $25 x 10‚000 units = $250‚000 CM from selling to Sawing division = $122-Trasnfer costs from Harvesting-Production costs = $122-40.50-9.50-35-4.5-2.5 = $30/unit $30 x 10‚000 units = $300‚000 $300‚000 - $250‚000 = $50‚000 The CM is greater by $5 per unit if selling to the Sawing division. b) If the logs were transferring to Sawing division
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activity. Government subsidies‚ if available‚ may serve as an incentive for business activity but it will never be a main one. Technological advancement and government regulation are not incentives that will reward business activity. Q.02: The opportunity cost of winning a free ticket to the Super Bowl worth $950 and attending the game is: A) zero‚ since the ticket was free. B) priceless‚ if the person really loves football. C) $950‚ representing the lost market value of selling the ticket to somebody
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theater to improve its efficiency. Objectives: To find out gaps in process flow To find out Turn Around Time in OT To count utilization hours of OT To measure cancelation & delayed rate To collect data on unplanned surgeries To calculate opportunity loss Research Methodology: Research Design: Exploratory design & descriptive study Sources of Data: Sample Size: My universe for study was 165 patients (based on average monthly surgeries). I took random sampling of 103 patients over a period
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THE IMPORTANCE OF PRICES IN ECONOMIC SYSTEM A price is the amount of money a buyer must pay to a seller for a good or service. Price is not always the same as cost. In economics‚ cost means opportunity cost—all that is sacrificed to buy the good. While the price of a good is a part of its opportunity cost‚ it is not the only cost. For example‚ the price does not include the value of the time sacrificed to buy something. Buying a new jacket will require you to spend time traveling to and from the
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the same introduction‚ and indeed in the body of the study‚ the reasons for the programme’s popularity are in fact identified. Observing that ‘nothing about Big Brother was new’‚ Johnson-Woods correctly points out that: ‘The desire for fame‚ the opportunity to win easy money… [and] the viewer’s penchant for watching other people’ provide a sturdy framework for television ratings’‚ p. xii). Big Brother’s popularity also stemmed from its hybrid nature. The programme capitalised on its ability to blur
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has paid $1.21 in claims and expenses for every $1 of premium income received." 3.1 Production opportunity cost: After reviewing the statement‚ company managers are concerned about the loss on version Z and are considering ceasing production of that version. Should they do so? Why or why not? In my opinion they should continue the production of Version Z‚ the corporate overhead is a fix cost fallacy‚ it means that even if they do not produce anymore Version Z cans‚ their overhead is not going
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