Referring to Situation 1 suppose that for the time being you can ...

[neverstopbelieb]

Referring to Situation 1 suppose that for the time being you can only afford to hire the first executive. What is the opportunity cost of the first executive's work from the viewpoint of the company? Explain.
 
  What will be an ideal response?

Question 2

Under the Bretton Woods exchange rate system, set up in 1944, which of the following was true?
 
  A) Foreign central banks could sell their dollars to the American government in exchange for gold.
  B) Americans could sell their dollars to the American government in exchange for gold.
  C) Americans could sell their dollars to foreign central banks in exchange for gold.
  D) Americans could sell their dollars to the American government in exchange for silver.

[steff9894]

Answer to Question 1

The opportunity cost of the first executive is 800,000 . That is the value of the next best available alternative which is currently forgone.

Answer to Question 2

A

[neverstopbelieb]

Gracias!

[elyse44]

Thanks for the timely response, appreciate it