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What is the Opportunity Cost How can it be calculated What are the precautions to be kept in view while using the Opportunity Cost?
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How is profit calculated?
Profit is a positive value for revenue minus costs. (A negative difference is a loss.)The easiest and most basic way is to take the total revenue of the business and minus the total cost of the business. Hence, Profit = TR - TC. From my understanding, this simple equation have different interpretations based on different subjects. The total revenue or TR, is calculated from the price of a good multiplied with the quantity of good sold. While the total cost, or TC, is the sum of fixed cost and variable cost incurred. Hence, now the equation becomes . . . Profit = P.Q - ( Fixed Cost + Variable Cost ). This equation can change further, depending on what discipline you are looking from. If you are looking from the Economics perspectives, the total cost should be included with the opportunity cost. While from the Accounting perspectives, the opportunity cost is ignored.
How does an opportunity cost differ from a trade -off?
Trade-off uses the gun's and butter decision while opportunity cost is the most desirable alternative insted of the gun's and butter decision :)
How does an opportunity cost differ from a trade-off?
Trade-off uses the gun's and butter decision while opportunity cost is the most desirable alternative insted of the gun's and butter decision :)
What describes the difference between individual and public goods?
People cannot be excluded from using goods while they can be excluded from using individual goods.
If two banks offer risk-free interest rates on both savings and loans but one is 5.5 percent and the other is 6 percent what arbitrage opportunity is available?
Arbitrage OpportunityArbitrage opportunity is any situation in which it is possible to make a profit without taking any risk or making any investment. The arbitrage opportunity that is available is to borrow from the bank with 5.5 percent interest and deposit it in the one with 6 percent interest. And this would happen: While the bank with 5.5 interest would experience a demand for loans, the bank with 6 percent interest would experience a surge in deposits. As a result, the interest rate at the first bank would increase while the interest rate at the second bank would decrease.
What precautions should be taken while using BT cotton?
vhb
Safety precaution while using binding machines?
precautions safety on a binging machines
What are the safety precautions in using breadboard?
Never work on a circuit while the power supply is on.
Precautions while using a pcr cycler machine?
2 main precautions while performing a pcr reaction: - Avoiding contamination of the samples by DNA; - Thawing all the components thoroughly at room temperature after storage and mixing them in a centrifuge briefly. If the precautions are not followed while performing a pcr mastermix you may end up with no results or bands in negative control. Thank you.......
what precautions should be taken while handling fluorine?
Keep equipment dry.
Are there any extra precautions that should be taken when using an illicit drug while on Minocylcine?
Yes. Stop using the illicit drug. What do you think.You can just wait 7-10 days.
Safety precautionary while using handicraft tools?
Safety precautions for using a hand hacksaw include, using the right blade for the material you are cutting, wear goggles and safety gloves. You should also hold the handle securely and make sure the material you are cutting is secured and will not move around.
How many people died on ripsticks?
There is no specific data available on the number of people who have died while using ripsticks. However, like any other physical activity, injuries can occur while using ripsticks if safety precautions are not taken. It is important to use protective gear and follow safety guidelines while using ripsticks to reduce the risk of accidents.
How does calculated specific gravity compare to the hydrometer reading for the liquid?
The calculated specific gravity may be slightly different than the hydrometer reading. The calculated gravity is calculated using specific data while the hydrometer measures the liquid at a specific time and temperature.
How does the calculated specific gravity compare to the hydrometer reading for each liquid?
The calculated specific gravity may be slightly different than the hydrometer reading. The calculated gravity is calculated using specific data while the hydrometer measures the liquid at a specific time and temperature.
What are the precautions to be taken while disposing nuclear wastes?
Stay away from it.
What are necessary precautions for safety purposes while conducting an experiment?
The necessary safety precautions when conducting an experiment depend on what is done during the experiment and where it is done.
