This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Referring to Situation 1 suppose that for the time being you can only afford to hire the first ... (Read 92 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
on: Jun 29, 2018
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

steff9894

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
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

  • Member
  • Posts: 534
Reply 2 on: Jun 29, 2018
Wow, this really help

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Old Time Farm Shepherd Old Time Farm Shepherd
Time dependence of the rates of a chemical reaction Time dependence of the rates of a chemical reaction
Single-dose drug administration: pharmacokinetic values for this drug are as follows: onset of actio Single-dose drug administration: pharmacokinetic values for this drug are as follows: onset of actio
Use two hands to squeeze both sides of the arm at the same time. Apply from shoulder to wrist. ... Use two hands to squeeze both sides of the arm at the same time. Apply from shoulder to wrist. ...
Disitive Time For Potatoes Disitive Time For Potatoes
You're just on Time You're just on Time
Video: Vascular tissues in a corn stem and a buttercup root

For a complete list of videos, visit our video library