What is the opportunity cost in this scenario?
Mikael has saved $4,000 for his to trip to Brazil. He has calculated that his total transportation expenses will be $1,000. The hotel will cost him
another $1,500. He will spend about $500 on food. He plans on spending the remaining $1,000 for sightseeing and buying souvenirs.
While booking his plane ticket, he realizes that the price has gone up. His total transportation expenses will go up by $200. He realizes that he
cannot cancel his hotel reservation. He also doesn't want to go cheap on food. Finally, he decides to give up visiting the popular Ouro Preto
during his stay in Brazil.

Answers

Answer 1

The opportunity cost in this scenario is Sightseeing.

The Opportunity Cost in this scenario will be the amount of  $1,000 that has been made available for  sightseeing and buying souvenirs.

Opportunity Cost is an alternative forgone which a person or an individual give up or forgone  in order to choose  other available alternative when making a  decision  which inturn may  result in  the loss of  gain  that would have been derived  if the alternative forgone was  choosing.

Example of opportunity cost is  giving up

on buying movies tickets for a textbook.

Therefore the opportunity cost in this scenario is Sightseeing.

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Related Questions

I am thinking of two positive numbers in the ratio $5:3$. The difference between the two numbers is $90$. What is the sum of the two numbers?.

Answers

The sum of the two numbers is $ 360

Let the bigger number be x

Let the smaller number be y

From the question given above, we were told that two numbers exist in ratio $ 5 : $ 3

Thus,

x : y = 5 : 3

x/y = 5/3

Cross multiply

x = 5y/3 ............ (1)

Also, we were told from the question that difference between the two numbers is $ 90 i.e

x – y = 90 ........... (2)

Substitute the value of x in equation (1) into equation (2). We have:

x = 5y/3 ............ (1)

x – y = 90 ........... (2)

5y/3 – y = 90

Multiply through by 3

5y – 3y = 270

2y = 270

Divide both side by 2

y = 270 / 2

y = $ 135

Substitute the value of y into equation 1 to obtain the value of x.

x = 5y/3 ............ (1)

y = $ 135

x = (5 × 135)/3

x = 675 / 3

x = $ 225

Finally, we shall determine the sum of the two numbers.

x = $ 225y = $ 135Sum =?

Sum = x + y

Sum = 225 + 135

Sum = $ 360

Thus, the sum of the two numbers is $ 360

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The number of employees in a company decreased from 40 to 28. What is the percentage decrease in the number of employees?.

Answers

Answer:

Answer: 30% decrease

Explanation:

[tex] = { \rm{ \frac{(40 - 28)}{40} \times 100\%}} \\ \\ = { \rm{30\%}}[/tex]

The number of employees in a company decreased from 40 to 28

[tex]=\frac{(40-28)}{40} \times 100 \%$$=30 \%[/tex]

percentage decrease in the number of employees is 30 % .

What is a percentage?

percentage, a relative value indicating hundredth parts of any quantity. One percent (symbolized 1%) is a hundredth part; thus, 100 percent represents the entirety and 200 percent specifies twice the given quantity. percentage. Related Topics: mathematics percentile.

What is percentage and example?

One percent (1%) represents the one hundredth, 2 percent (2%) represents two hundredths, 100% represents the whole, 200% twice the given quantity and so on… For example - 1 percent of 1000 mangoes is equal to 1/100 of 1000 or 10 mangoes.

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In a paragraph of at least five sentences, answer the question: do you agree with picasso's claim that "the urge to destroy is also a creative urge"? include at least one specific reference to each excerpt in your response.

Answers

The question requires a personal answer and for that reason, I cannot write an answer for you, but I will show you how to write it.

First, you must think and reflect on Picasso's statement and what he meant by that statement. You can search for articles that help you think about this statement and decide whether or not you agree with it.

When you form your opinion about it, you can answer your question as follows:

Show your opinion of Picasso's claim.Show the reasons that created this opinion.Support or counter Picasso's claim.Show evidence that your opinion is correct.

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Answer:No I don't agree with Picasso claim that “The urge to destroy is also a creative urge

Explanation:because the meaning of creative urge according to https://english.stackexchange.com “is there a word for the urge to do something creative.”

Creative urge is a sudden and strong compulsion to just create something and the Urge to destroy being a creative urge is very wrong and does not even match the creative urge definition.so I don’t not agree with the definition that the urge to destroy is a creative urge.but instead the urge to destroy should be classified into another destructive meaning but not under creative urge.

define artwork short answer please

Answers

representation, expression, and form. Art as Representation or Mimesis. Plato first developed the idea of art as “mimesis,” which, in Greek, means copying or imitation.

Which scenario can be represented using the inequalities below? 1. 25 < x < 1. 5 a container of milk costs at least $1. 25 but less than $1. 50. A student spends at least 1 hour 15 minutes, but no more than 1 hour 30 minutes on homework. A tip added to a restaurant bill is less than or equal to 25% or less than or equal to 50%. The point value of a test item is more than 1. 25 points and less than 1. 5 points.

Answers

Answer:

Explanation:22

Holle i mean I mean I mean hello

The amount and the concentration of a salt solution.

Answers

Answer:

28 g

3.4 g

Explanation:

These problems only make sense if the percentage is by weight. To find the amount of salt, multiply the amount of solution by the percentage that is salt:

a) (80 g)(35%) = 28 g . . . . weight of salt

__

b) (20 g)(17%) = 3.4 g . . . . weight of salt

_____

Comment on percent

You know that % means /100, so 35% = 35/100 = 0.35.

An 85-foot wire is tied from the top of a utility pole to the top of the building as shown below. Find d, the distance from the pole to the building.

Answers

The distance from the pole to the building is 79 feet

The relationship between the utility pole and the 85-foot wire, can be adjusted to fit in the description of a right-angled triangle.

So, the distance (d) can be calculated using the following sine function.

[tex]\sin(68) = \frac{d}{85}[/tex]

Multiply both sides of the equation by 85

[tex]85 \times \sin(68) = \frac{d}{85} \times 85[/tex]

Cancel out the common factors

[tex]85 \times \sin(68) = d[/tex]

Evaluate sin(68)

[tex]85 \times 0.9272 = d[/tex]

Evaluate the product

[tex]78.812 = d[/tex]

Approximate

[tex]79= d[/tex]

Rewrite the equation

[tex]d = 79[/tex]

Hence, the distance from the pole to the building is 79 feet

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Which of the following is most clearly an example of a theme.

Answers

I think the best answer would be among the choices A is an example of symbolism

Which of the following men supported u. S expansionism in the pacific?.

Answers

it is wrong answer and bye

Answer:

William Jennings Bryan

Alfred Thayer Mahan

Emilio Aguinaldo

Explanation:

Which of the following costs are relevant to a make-or-buy decision?.

Answers

Answer:

im not sure thanks

Explanation:

James bennett also allocates wealth between youth and old age. He has no cash currently (in his youth), but will inherit $3000 in his old age. He can lend and borrow at the bank at 18% (that is, lending $1 in youth will give him $1. 18 in old age). He has an investment opportunity that costs $12,000 now in his youth and has a payoff of $15,000 in his old age. This is the only investment opportunity available to him. What is the most he can consume in his youth?.

Answers

The present value (PV) of $15,254.24 is the most James bennett can consume in his youth.

Given the following data:

Inheritance = $3000Interest rate = 18%Investment opportunity (youth) = $12,000Investment opportunity (old age) = $15,000

To calculate the most James bennett can consume in his youth:

First of all, we would determine the future value of James bennett from his investment and inheritance as follows:

[tex]FV = 15000 + 3000[/tex]

FV = $18000

Mathematically, the most James bennett can consume in his youth is given by this formula:

[tex]PV = \frac{FV}{(1+i)^n}[/tex]

Substituting the given parameters into the formula, we have;

[tex]PV = \frac{18000}{(1+0.18)^1}\\\\PV = \frac{18000}{1.18}[/tex]

PV = $15,254.24

Therefore, the present value (PV) of $15,254.24 is the most James bennett can consume in his youth.

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What is essential to delivering a successful presentation.

Answers

Enthusiasm and Honesty. One of the most painful things in a presentation is listening to a presenter who is clearly bored and uninterested in the topic. ...
Focused on the Audience. ...
Ability to Keep Things Simple. ...
Being Personable. ...
Great Body Language.

Answer:

The principles of good communication.

Explanation:

Got it right on the quiz.

Which are points on the graph of y = 1. 5 + ⌈x⌉? select three options.

Answers

Answer:

1.3 ( 8>7)

Explanation:

Evaluate 4. 7j – 6. 8k when j = 5 and k = 3. Enter your answer in the box.

Answers

7j-6.8k.

now we substitute the given values for the variables

7(5) - 6.8(3)

Simplify

35 - 20.4

= 14.6
Hope this helps!

On a particular day, caroline decided to run two laps of a park of which each lap is 1. 2kms. She takes 12 minutes to run her first lap, and she runs her second lap at an average speed of 7 km/h.

Answers

The second lap that Caroline ran lasted 10.3 minutes.

Speed is the ratio of distance to time taken. It is given by:

Speed = distance / time

Since the distance of the lap is 1.2 km. The second lap was at an average speed of 7 km/h. Hence:

7 = 1.2 / time

time = 10.3 minutes

The second lap that Caroline ran lasted 10.3 minutes.

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Emerson’s remarks in the excerpt most directly reflected which of the following developments during the early nineteenth century?.

Answers

Answer:

A the emergence of a nation culture

Explanation:

The reflected development during the early age of Emerson remarks was the even of emergence of a nation culture.

I hope this helps!

Emerson’s remarks in the excerpt most directly reflected the emergence of a national culture. Therefore option A is correct.

What is Nation Culture?

The norms, behaviors, beliefs, practices, and values that the people of a sovereign nation share are referred to as national culture (e.g., a Chinese or Canadian national culture). It alludes to particular traits like language, religion, ethnicity, and racial identity, as well as cultural history and customs.

According to the study, organizational values may be categorized into four categories: power distance, individuality vs collectivism, masculinity against femininity, and uncertainty avoidance.

National cultural values are societally accepted conceptions of what is admirable, proper, and desirable. A national society's preferences for addressing problems with internal integration and exterior adaptation pose a threat to its existence.

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What change in a population would you expect to see if a selection pressure was against the trait of a dominant allele in that population?.

Answers

Answer:

The change in population in the given condition would be an increase of true recessive traits in the population and there would be only a few individuals with dominant traits.

In case of selection pressure was against the dominant trait, then individuals of the population who have true recessive alleles would have an advantage over the heterozygous and dominant individuals of the population.

There would be very few individuals carrying its dominant genotype and it may eventually be extinct, however, it would be still dominant. The recessive trait would just become more prominent rather than becoming dominant.

Thus, the number of recessive traits would increase in population, and the number of dominant decrease to numbers.

Explanation:

How much heat must be removed from 456 g of water at 25.

Answers

Answer: 208.9k
Hope this helps!

Read the sentence. The snow and ice that arrived last night elated kids and adults alike when they awoke to a winter wonderland. What is the simple subject of the sentence?.

Answers

I suppose the simple subject would be the snow! Hope this helps =]

Plz don’t answer if you don’t know the answer and thank you if you helped me god may bless u

From Father's Choice
(Page 56)
Father avoids Mother when she is ill rather than trying to cure or even comfort her before
dying. Write a paragraph explaining what you think is going on in his mind.


Book: Mechanica by Betsy Cornwell

Answers

Answer:

Explanation:

The Father is proably tramatized but he  wants to stay strong for mother,considering the fact that she is about to die. He is proably very hesterical but, must stay strong because it will make mother sad,and she will die dissapponted. He is thinking that if he cries or if he tries to make it better it will only make the situation worse. He feels like e is going to ruin something if he tries to stay with Mother. It's better to stay away because it's only gonna hurt Father because Mother is already heading home.

Which of the following is an example of the self-fulfilling prophecy?.

Answers

Self-fulfilling prophecy is a psychological theory where what is believed or expected or said to a person comes to pass even if the belief is not a fact.

An example of  self-fulfilling prophecy is telling a person that they are so poor in mathematics. This might not be true but because the person is told repeatedly, the person begins to believe it and would eventually become poor in mathematics.

Self-fulfilling prophecy can be negative or positive. It depends on the way it is used.

Here are the options of this question:

telling blue-eyed people they are unattractive, then feeling bad and complimenting people with blue eyes to avoid feeling guilty telling people you hate boy bands, then taking your child to a boy band fan club meeting telling someone with dyslexia she cannot learn to read, leading her to become illiterate even though she could learn to read with a bit of extra effort telling your spouse you hate his cooking, then taking over the cooking yourself to avoid food poisoning

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James is observing the population of the fish he put into a pond. He built a pond and populated it with 700 fish. The population of the fish doubles every year. Use x to represent the number of years and y to represent the population of the fish. Enter an equation that represents this scenario in the box.

Answers

Given that we have a pond with a population of  700 fish to observe from, we can use the exponential function to denote what the amount of fish will become after a particular interval of time.

Given data

Let C be the Initial population = 700

Let the number of fishes be represented as x

And let the number of years be represented as y

Hence, the expression used to represent the population of fishes is described below.

[tex]y = f(t) = C*2^{t}[/tex]

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Which of the four substances has the lowest density.

Answers

Answer:

ice, wax,Alcohol, i think

Never set the tiger free if you live in the mountain.

Answers

The above is a proverb that essentially means that we should not engage in actions that might hurt us later.

Hypothetically speaking, you live in a mountain and one of your traps was able to capture a tiger; you then set that tiger free out and one day it attacks and kills you.

If you had killed the tiger after you caught it, you would still be alive. This is the purpose of the proverb - to say that if you have an opportunity to avoid future danger, take it.

In conclusion, deal with things now before they become problems later.

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Incisors (front teeth) act as wedges in the human body. Which change would increase the mechanical advantage of incisors? a decrease in the distance of the teeth from the fulcrum an increase in the distance of the teeth from the fulcrum an increase in the thickness at the widest part of the teeth and no change in the length of the teeth an increase in the length of the teeth and no change in the thickness at the widest part of the teeth.

Answers

Based on the information given about the wedge, the option that will increase the mechanical advantage of incisors is D. an increase in the length of the teeth and no change in the thickness at the widest part of the teeth.

A wedge simply means a triangular shaped tool that's used as a simple machine. It is used for the separation of objects.

It should be noted that Incisors (front teeth) act as wedges in the human body and there can be an increase the mechanical advantage of incisors when there's an increase in the length of the teeth and no change in the thickness at the widest part of the teeth.

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Answer:

D

Explanation:

EDGE 22

How can you tell the artist of the image above was untrained?.

Answers

Answer:

where's the image

Explanation:

.........

In which year did the inca wayna capac die of smallpox? around 1527 around 1529 around 1530 around 1532.

Answers

Inca Wayna Capac died of Smallpox around 1527. He was the ruler of the

Inca Empire between 1493- 1525.

Wayna Capac traveled to the North region of Quito. He contracted the

disease known as smallpox. The disease came from Europe through

Spanish travelers . This was the period with high prevalence in which

millions of people were killed.

Although the vaccine was later made around 1977 , Inca Wayna Capac

died around 1527.

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Answer:

the answer is A) around 1527

Explanation:

The fifth term of a geometric sequence is 781. 25. Each term of the sequence is of the value of the following term. Which recursive formula represents the situation?.

Answers

Answer: an = 5an-1

Explanation: Given fifth term of a geometric sequence is 781.25.

a5 = 781

Also, each previous term is 1/5 of the value of the current term.

Therefore, common ratio would be 5.

But we just need to find the recursive formula .

Recursive formula of a geometric sequence is given by

Plugging value of r in above formula, we get

Therefore, recursive formula would be   represents the situation.

The recursive formula that represents the situation is: [tex]t_n = a^{(3/4)} * 781.25^{(1/4)} * n^{(1/4)}[/tex].

What is recursive formula?

A recursive formula is one that defines any term in a sequence in terms of the term(s) before it.

Let the first term of the geometric sequence be 'a' and the common ratio be 'r'.

We are given that the fifth term is 781.25, so we can write:

a * [tex]r^4[/tex] = 781.25

We also know that each term is the value of the following term, so we can write the recursive formula:

t_n = r * t_(n-1)

Where t_n is the nth term of the sequence and t_(n-1) is the previous term.

To express the recursive formula in terms of 'a' and 'r', we can use the formula for the nth term of a geometric sequence:

[tex]t_n = a * r^{(n-1)[/tex]

Substituting the recursive formula, we get:

[tex]r * t_{(n-1)} = a * r^{(n-1)[/tex]

Dividing both sides by r^(n-1), we get:

[tex]t_{(n-1)} = a * r^{(n-2)[/tex]

So the recursive formula in terms of 'a' and 'r' is:

t_n = r * t_(n-1)

[tex]= r * (a * r^{(n-2)})\\\\= a * r^{(n-1)[/tex]

Now we can substitute the value of the fifth term (781.25) to solve for 'a' and 'r':

a * [tex]r^4[/tex] = 781.25

Dividing both sides by a, we get:

[tex]r^4[/tex]= 781.25/a

Taking the fourth root of both sides, we get:

r = [tex](781.25/a)^{(1/4)[/tex]

Substituting this value of 'r' into the recursive formula, we get:

[tex]t_n = a * ((781.25/a)^{(1/4)}){^(n-1)}\\\\= a^{(3/4)} * 781.25^{(1/4)} * n^{(1/4)}[/tex]

Therefore, the recursive formula that represents the situation is:

t_n = a^(3/4) * 781.25^(1/4) * n^(1/4)

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Which of the following is not a characteristic of the type b personality?.

Answers

Answer:

Is more emotional & perspective, laid back.

You have a worksheet in excel that will print as 10 pages.

Answers

Considering the situation described above, to ensure that the header row is printed at the top of each page, the user should start by "going to Page Layout tab."

The other steps to ensure that the header row is printed at the top of all the 10 pages include the following steps:

Click page set up under page set up a group.Go to print titles.Click Rows to repeat at top.Select the cell that contains the text you want to repeat.Click OK.

Hence, in this case, it is concluded that to print the header row is to click on the "Page Layout Tab."

The full question is:

You have a worksheet in excel that will print as 10 pages. how can you ensure that the header row is printed at the top of each page?

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