Taylor gives up a 5 hour shift at work to attend a concert. The ticket price is $30. At work, Taylor makes $15.00 an hour. To an economist, what is the cost to Taylor of attending this concert

Answers

Answer 1

The cost to Taylor of attending this concert is $105.

What is the cost?

The amount of money that an establishment spends on the creation or manufacturing of goods or services is referred to as cost.

The formula of calculating the cost are:

Attending the cost of the concert = Total implicit + Total explicit costs.

According to the given information,

Explicit cost is the price of ticket= $30

Implicit cost is the forgone wage =$15×5 = $75

Then,

Attending the cost of the concert =$30+$75=$105

Therefore, the attending cost of the concert  is $105.

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Related Questions

True or False: Interests are what you like to do, such as a hobby, or something you would like to learn about.

Answers

Answer:

True

Explanation:

There is no explanation

A marketing associate is working on a remarketing strategy for their Search Ads campaign. They want to re-engage high-value customers. Which type of audience will likely have the highest lifetime value?

Answers

The type of audience who will likely have the highest lifetime value are People who previously purchased a large number of the website’s products.

What do you mean by high lifetime value customers?

A high client lifetime value shows humans shop loads from your store. They seem to be glad about the provider and high-satisfactory so your merchandise should be good.

And importantly, these customers may be brand loyal so you have a risk of developing even more.

Therefore, The type of audience who will likely have the highest lifetime value are People who previously purchased a large number of the website’s products.

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PLEASE HELP SOON WILL GIVE BRAINLIEST

How does a consumer complaint benefit the manufacturer?
A. The complaint notifies the manufacturer of a possible issue.
B. The complaint is registered with the government.
C. The complaint tells the manufacturer they did something wrong.
D. The complaint leads to an investigation.

Answers

Answer:

A. The complaint notifies the manufacturer of a possible issue.

Explanation:

this lets the manufacturer become aware of any issues- this benefits them

A consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.

What is a consumer and a manufacturer ?

A consumer is a person or a group who intends to order uses purchased goods, products primarily for personal, social household and similar needs, not directly related to any of business activities.

A manufacturer is a person or company that produces finished goods from raw materials by using various tools, equipment, and processes, and then sells the goods to consumers distributors, retailers, or to other manufacturers for the production and make their profit out of it.

How does a consumer complaint benefit the manufacturer ?

A consumer make any complaint to the manufacturer if after taking the product or using it , the consumer founds any flaws or mistakes in it which might not be notified by the manufacturer.

Therefore, a consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.

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How does accenture help companies harness the power of data to achieve optimal business outcomes?.

Answers

The use of Accenture helps companies ensure their information is trustworthy and reliable.

What is the use of Accenture by companies?

Accenture in its most prominent use helps businesses implement to make sure their information is trustworthy and reliable. That the corporate provides services like management consulting and outstanding.

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Capital budgeting refers to ______. Multiple choice question. budgeting for the capital needs of the organization procedures used by an organization to plan and control its portfolio of capital expenditures the portion of the budgeting project that relates to capital provided by the owners of the business

Answers

Answer: is the process a business undertakes to evaluate potential major projects or investments.

Explanation:

When purchase costs regularly rise, the inventory costing method that yields the highest reported net income is: Multiple Choice Specific identification method. Average cost method. Weighted-average method. FIFO method. LIFO method.

Answers

The FIFO method of inventory is used whenenever the purchase costs regularly rise and result to an inventory costing method that yields the highest reported net income.

What is a FIFO method?

It is an acronyms of First In, First Out.

In accounting, this is a valuation method where assets produced or acquired first are sold, used or disposed of first.

Therefore, the Option D is correct.

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Why did you become a small business owner? what is the origin story of your business?.

Answers

Answer:

You might have a reason for wanting to start your own business, like capitalizing on an opportunity or fulfilling a need in your community. Or you might have no idea why this sensation is pulling you. That’s OK. There’s no right or wrong motivation for wanting to start your own business.

Explanation:

globalization essay outline

Answers

Answer:

is this even a question ????

Explanation:

Scattergraph, High-Low Method, and Predicting Cost for a Different Time Period from the One Used to Develop a Cost Formula Farnsworth Company has gathered data on its overhead activities and associated costs for the past 10 months. Tracy Heppler, a member of the controller's department, has convinced management that overhead costs can be better estimated and controlled if the fixed and variable components of each overhead activity are known. One such activity is receiving raw materials (unloading incoming goods, counting goods, and inspecting goods), which she believes is driven by the number of receiving orders. Ten months of data have been gathered for the receiving activity and are as follows: Month Receiving Orders Receiving Cost 1 1,000 $18,000 2 700 15,000 3 1,500 28,000 4 1,200 17,000 5 1,300 25,000 6 1,100 21,000 7 1,600 29,000 8 1,400 24,000 9 1,700 27,000 10 900 16,000 Required: 1. On your own paper, prepare a scattergraph based on the 10 months of data. Based on this, does the relationship appear to be linear? 2. Using the high-low method, select a cost formula for the receiving activity. Using the cost formula, what is the predicted cost of receiving for a month in which 1,450 receiving orders are processed? $fill in the blank 3 3. Prepare a cost formula for the receiving activity for a quarter. Based on this formula, what is the predicted cost of receiving for a quarter in which 4,650 receiving orders are anticipated? $fill in the blank 4 Prepare a cost formula for the receiving activity for a year. Based on this formula, what is the predicted cost of receiving for a year in which 18,000 receiving orders are anticipated?

Answers

The relationship  is non linear and the cost formula is: $6,600 + ($12 x number of receiving orders) and the predicted cost is $24,000.

Cost formula

1. The relationship of the a scatter-graph is non linear.

2. Cost formula

Cost formula for the receiving activity= $6,600 + ($12 x number of receiving orders)

3. Predicted cost

Predicted cost= $6,600 + ($12 x Number of receiving orders)

Where:

Number of receiving order=1,450

Hence:

Predicted cost=($6,600 + $12 x 1450)

Predicted cost=$6,600+$17,400

Predicted cost= $24,000

Therefore the relationship  is non linear and the cost formula is: $6,600 + ($12 x number of receiving orders) and the predicted cost is $24,000.

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How much would Software E cost you in the long run?

Answers

Answer:

perturbateur ( le temps, le lieu, les personnages[description], la victime, l'enqueteur )

les peripeties

le denouement

Why should an employer have employees sign a copy of the company's personnel policy? a. to get an official copy of the employee's signature b. so that the company knows how much money to withhold from payroll c. so it's easier to hold employees accountable for following the policies d. to encourage employees to discuss the policies with each other

Answers

Why should an employer have employees sign a copy of the company's personnel policy is: c. so it's easier to hold employees accountable for following the policies.

What is personnel policy?

Personnel policy are lay down rules or policy that an employee must follow when so as to develop a personnel relations.

An employer make it mandatory for an employees to  sign a copy of the company's personnel policy so as to make it  easier to hold employees  liable.

Therefore the correct option is C.

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Eckert Company is involved in producing and selling high-end golf equipment. The company has recently been involved in developing various types of laser guns to measure yardages on the golf course. One small laser gun, called LittleLaser, appears to have a very large potential market. Because of competition, Eckert does not believe that it can charge more than $88 for LittleLaser. At this price, Eckert believes it can sell 112,000 of these laser guns. Eckert will require an investment of $13,176,471 to manufacture, and the company wants an ROI of 17%. Determine the target cost for one LittleLase.

Answers

The target cost for one LittleLase is $68.

How to calculate the cost?

In the information given, the investment is given as $13176471. The value of the profit will be:

= 0.17 × 13176471

= 2240000

The profit per gun will be:

= 2240000/112000

= 20.

Therefore, the target cost will be:

= 88 - 20.

= 68

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Generally, the most important category on the statement of cash flows is cash flows from:.

Answers

Answer:

The operating activities section of the statement of cash flows is generally regarded as the most important section since it provides cash flow information related to the daily operations of the business.

(PLEASE ANSWER FAST) (20 POINTS)
Part of the reason you want to narrow down your focus is so that you don’t spend too much time gathering __________ that might not help you in the long run.

A. clothes
B. credits
C. friends
D. skills

Answers

Part of the reason why someone would want to narrow down their focus is so that they don't waste time accumulating clothes that won't aid them in the long run.

What is the period of long run?

The period of long run is basically not defined anywhere, because the period of long run is fully depend upon the organistions and the types of it. It is normally the period above the operating cycle.

Part of the reason for narrowing one's focus is so that they don't waste time accumulating clothes that won't help them in the long run.

Credits are treated as help in the long run because a person get money at present to do work and earn from that work, whereas the friends and the skills help the people in the lifetime.

Therefore, option A is correct.

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Rosa plans to give a presentation to her co-workers on how to use her company's new requisitions process, and she is using presentation software to create a visual aid. each slide uses 30-point headings, no more than six bullet points, and black text on a white background with large, dark red and blue paint splashes. she is careful to use animation only to transition to new major points, and subpoints. what has rosa done wrong?

a) her slides are inconsistent.

b) her slides contain too much information.

c) her slides are too busy.

d) her information is too small.

e) she is using too much animation

Answers

Rosa has prepared a very well presentation but the only mistake she did is that her slides contain too much information.

What are the basic points to be considered while making presentation?

First and foremost point to be consider for making the presentation is that- introduction, body and conclusion must be there.

Too much information should not be added on a single slide. It must have some images as well for the attraction.

The ideas added in the presentation must have the clarity.

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Working proactively to ensure that your physical place of business is (1) free of potential hazards and (2) ________ will prevent on-premises injuries and violations of EEOC or OSHA rules.

Answers

Companies working Proactively just to ensure that the physical place of business is free 1. free of potential hazards and 2. secure from intruders will prevent on-premises injuries and violations of EEOC or OSHA rules.

What do you know about OSHA rules?

The Occupational Safety and Health Administration is a huge regulatory employer of the USA Department of Labor that in the beginning had federal visitorial powers to check out and study workplaces.

Thus, the correct fill-in-the-blank here will be secure from intruders.

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Write a summary of the communication differences between men and women.

Answers

Men are known to be very easy to adopt what is known as the “report talk,” but women are known to move or gravitate toward a kind of “rapport talk.”

What are the communication differences between men and women ?

The communication differences between men and women is that that men and women are very likely to show different styles of verbal communication.

Men are known to be very easy to adopt what is known as the “report talk,” but women are known to move or gravitate toward a kind of “rapport talk.”

Note that the Reporting style of communication is one that is influence or pushed by the exchange of some kind of factual information to handle any issue or problem.

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Answer:

Explanation:

men speak with less emotion than women and they speak with confidence which helps them assert their dominance but women speak with more emotion which makes them more helpful when there is an emotional topic being spoken about

Discuss ways in which businesses can deal with change in the workplace​

Answers

Answer:

Empower employees through communication, Work with a change management model, make change compelling and exciting, and Activate leadership.

Explanation:

When asked a difficult question during an interview, _____.

change the subject

put a positive spin on the honest answer

make up a positive story

ignore the question

Answers

Answer: The answer is B.

Put a positive spin on the honest answer.

Sales revenue $440,000 Advertising expense 60,000 Interest expense 10,000 Salaries expense 55,000 Utilities expense 25,000 Income tax expense 45,000 Cost of goods sold 180,000 What is the gross profit

Answers

Answer:

$65,000

Explanation:

The gross profit formula is: Gross Profit = Revenue – Cost of Goods Sold.

so we would say, 440000 - ( 60000 + 10000 + 55000 + 25000 + 45000 + 180000 ) = $ 65000

Pinnacle purchased $139,700 of fixed assets that are classified as five-year macrs property. the macrs rates are .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. what will the accumulated depreciation be at the end of year 4 if the tax rate is 21 percent and no bonus depreciation is taken

Answers

The depreciation to be charged on fixed asset purchased by Pinnacle over five years will be $115559.84.

What is depreciation?

The reduction in value of an asset due to wear and tear during normal usage over passage of time is known as depreciation. For the given case, depreciation is to be calculated as,

[tex]\rm Depreciation= Actual\ Value\ x\ (Rates\ of\ Depreciation\ for\ Four \ years)\\\\\rm Depreciation= 139700\ x\ (0.2+0.32+0.192+0.1152)\\\\\rm Depreciation= \$115559.84[/tex]

Hence, the rate of depreciation to be accumulated by Pinnacle over such fixed asset is aforementioned.

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Elena is volunteering at a nonprofit organization. She notices that there doesn’t seem to be any network security at the office. Her supervisor says, “We don’t need to worry about that. We’re a small organization.” What arguments can Elena make about the need for network security?

Answers

Network protection is vital to each domestic and enterprise network. Therefore, Whether it is a small organization or a big organization, Network Security is important.

What is the requirement for network security?

Many houses with high-velocity net connections have one or extra wi-fi routers, which may be used if now no longer nicely protected. A strong community protection machine allows lessening the chance of statistics loss, robbery, and vandalism.

hence, in this way, Elena can make her superiors realize the need for network security.

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Sales is a(n) ______ account.

multiple choice question.

revenue


expense


liability


asset

Answers

Sales is a revenue account.

What is a sale account?

A sales account  is one that has all  records of sales( cash and credit) transactions.

In the journal entry, Sales are recorded as a credit in order to  offset the other debit side of the journal entry which can be cash or accounts receivable account.

In conclusion, Sales is also a revenue account this is because it is received by a business  due to  sales of goods or services.

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If you focus on the present now, instead of focusing on your future concerns, you will be able to __________. a. gain more enjoyment from your leisure time b. avoid doing more work than necessary c. create a feeling of control in your life d. all of the above please select the best answer from the choices provided a b c d

Answers

If you focus on the present instead of the future, you will be able to gain more enjoyment from your leisure time, hence option A is correct.

What is meant by the term Leisure?

Leisure can be defined as a time set apart from relaxation, or a time to relax from work or any mentally or physically draining activity.

It should be noted that when one is distracted by the future or the past, one is bound not to get the most out of their leisure time.

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As the middle and lower classes reduced income what were their two responses?

Answers

As the middle and lower classes reduced income their response to their demand will be reduced. Household spending will be affected.

What is middle class income.

Middle class income earners are the people with income or salary that is more than their spending. Their earning is doubling the average spending of their household.

Therefore, a decline in middle and lower classes reduced income will reduce the household spending.

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Why are institutionally provisioned technology systems (in other words, systems provided through a university, hospital, or clinic) generally more secure than consumer products

Answers

Institutionally delivered technology solutions are more secure than consumer ones because they are focused on healthcare recommendations and improvement.

What is a technology that an institution has provided?

It's vital to keep in mind that institutionally provided technology only applies to systems provided by a university, hospital, or clinic.

Institutionally delivered technology solutions are more secure than consumer offerings since they focus on therapeutic recommendations and improvement.

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Countries trade with each other when they need goods they cannot produce
themselves. They also trade to take advantage of their own resources and surplus of
goods.
Check Your Understanding
Attempt 1 of 2
What are three reasons that might encourage a country to engage in trade?
A. The country lacks the ability to produce any goods.
B. The country has the natural resources to produce a specific good.
C. The country lacks an essential material.
D. The country can specialize in the production of a specific good.
E. The country can produce everything it needs.

Answers

Answer:

c

Explanation:

Henrietta is dealing with a morally ambiguous situation. what is most likely to be true about her situation?
a. she requires ethical reasoning to solve it.
b. it has one clear correct answer.
c. the best solution involves the virtue approach.
d. there are only wrong answers.

Answers

Henrietta is dealing with a morally ambiguous situation. what is most likely to be true about her situation is she requires ethical reasoning to solve it. Option A. This is further explained below.

What is a morally ambiguous situation?

Generally,  morally ambiguous situation is simply defined as doubt on  If something is correct or wrong.

In conclusion, A ethically problematic scenario confronts Henrietta. According to her predicament, she is more likely to use ethical reasoning to solve it.

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Industrial robots have completely changed manufacturing because they: Multiple select question. improve productivity can work 24/7 with great precision increase the number of jobs for humans reduce costs

Answers

Industrial robots have changed manufacturing by:

They improve productivityreduce costscan work 24/7 with great precision

What are the industrial robots?

These are the robots that were developed through the use of artificial intelligence.

The goal is to have the robots take on the tasks that are usually provided by humans around the world.

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Sandra owns a small manufacturing business. At the end of a given accounting period, she hired the services of a tax accountant. How will the
tax accountant help Sandra's business?
A by increasing the business's tax refunds
B by helping decrease the business's Income tax liability
C by helping devise new tax policies for the business
D by helping the business avold all types of taxes

Answers

Answer: B. By helping decrease the business’ income tax liability.
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