After graduating from UNL, Bob has two job opportunities. First, Bob can choose to accept a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
After graduating from UNL, Bob has two job opportunities. First, Bob can choose to accept a job offer from Amazon to work as a data scientist for an annual salary of $250,000. Alternatively, Bob can start his own business to sell widgets. The only inputs for widget is Bob's own labor and some material cost, which amounts to $1 for each widget. Suppose that Bob chooses to sell widgets. At the end of the first year, Bob realized that he produced 100000 widgets. What is Bob's opportunity cost of producing these 100000 widgets? $100000 $250000 $350000 After graduating from UNL, Bob has two job opportunities. First, Bob can choose to accept a job offer from Amazon to work as a data scientist for an annual salary of $250,000. Alternatively, Bob can start his own business to sell widgets. The only inputs for widget is Bob's own labor and some material cost, which amounts to $1 for each widget. Suppose that Bob chooses to sell widgets. At the end of the first year, Bob realized that he produced 100000 widgets. What is Bob's opportunity cost of producing these 100000 widgets? $100000 $250000 $350000
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below The opp... View the full answer
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
Posted Date:
Students also viewed these economics questions
-
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
-
You are an independent financial planner working in Ontario. It is June 2021, you just finished another meeting with Jason and Amanda and, after reviewing all your notes, compiled the following...
-
You are in a supermarket, shopping for orange juice. There are several brands of orange juice on the shelf. Provide one example of how you may use the availability heuristic to decide which brand of...
-
Look back at Table 23.2. Suppose that by January 2017, the price of Alphabet could either rise from its December 2015 level to $750 1.22 = $915.00 or fall to $750/1.22 = $614.75. a. What would be...
-
In Problems 1722, write an equation that relates the quantities. The square of the length of the hypotenuse c of a right triangle varies jointly with the sum of the squares of the lengths of its legs...
-
Almetals, Inc., a Michigan company, entered into a contract with the German firm Wickeder Westfalenstahl regarding the purchase of clad metal, a specialty metal used in a variety of industries but...
-
The outstanding capital stock of Edna Millay Corporation consists of 2,000 shares of $100 par value, 8% preferred, and 5,000 shares of $50 par value common. Instructions Assuming that the company has...
-
Need a fix, and explain code. Why can't b.size access Small? If size = 1 is public shouldn't it be able to be accesssed from outside the class? public class Big { private Small s = new Small();...
-
Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: Required: a. Calculate return on investment, based on net income and average total assets, for 2023 and...
-
2. The graphs show the performance of a crystalline silicon solar panel. Figure 1 Current (A) 14 12 20% 642 10 8 0 Figure 2 600 16 550 14 500 12 450 400 350 300 250 200 150 Power (W) Current (A) 10 8...
-
Frooom! Fooooo Figure 1 F microns F (force) coils Ak X (deflection) Gd4 8D na The spring constant for a helical coil spring is Gd4 predicted by: k = where G is the material 8D na modulus, d is the...
-
The beginning finished goods inventory for Campo Ltd. was $288,300. Goods completed during the year were costed at $1,567,400. The ending finished goods inventory was lower, having been reduced to...
-
a) Outline the constraints on Human Resource Strategy. Using an example, briefly discuss how an operations manager can address these constraints in order to improve worker productivity in a soft...
-
What transferable appears in the job ad?
-
A truck is carrying a refrigerator as shown in the figure. The height of the refrigerator is 158.0 cm, the width is 60.0 cm. The center of gravity of the refrigerator is 69.0 cm above the midpoint of...
-
A. Suppose an American MNC is contemplating a big construction project in the heart of the Amazon rainforest in Brazil. The MNC's expected returns from the existing domestic operations are 10% with a...
-
A number of years ago the United Food and Commercial Workers Union organized 800 workers of the 1035 employees at one of the Wilson Brothers food operations in Toronto, Ontario. The employees include...
-
Freda is a cash basis taxpayer. In 2017, she negotiated her salary for 2018. Her employer offered to pay her $21,000 per month in 2018 for a total of $252,000. Freda countered that she would accept...
-
Callow Corp. has 400 shares of stock outstanding. Callow exchanges $150,000 cash for 100 of the shares in a qualifying stock redemption. Just prior to the redemption, Callow had earnings and profits...
-
Collettes S corporation holds a small amount of accumulated earnings and profits (AEP), requiring the use of a more complex set of distribution rules. Collettes accountant tells her that this AEP...
-
The purchasing officer for The Majestic Emporium has prepared a purchases budget for the financial year ending 31 March 2020, based on the following data. The cost of sales is 65% of sales, and the...
-
Greyt Dog Beds Ltd manufactures dog beds specifically designed for greyhounds and whippets. The company purchases all the required materials from external suppliers and designs and assembles the...
-
Ketton Ltd is in the process of preparing direct labour and factory overhead budgets for the year ending 30 June 2020. Relevant data are set out below. Required (a) Prepare the direct labour budget...
Study smarter with the SolutionInn App