it takes 1 hour to travel from new york to Washington dc by air and 4 hours by train The airfare is 200 and the train fare is 85
If a traveler wishes to minimize the total cost of making this trip, which mode of transportation should be selected if the traveler’s opportunity cost of time spent in transit is $15 per hour?

Answers

Answer 1

If a traveler wishes to minimize the total cost of making this trip is $85 train travel that will at minimum cost.

What is opportunity cost?

The potential profit lost from a missed chance is referred to as the “opportunity cost” and is the result of selecting one option over another.

Additional hours = 4 – 1 = 3 hours

Additional cost = 3×10 = $30

Total cost = 85+30 = $115

Cost of air travel = $200

Savings due to train travel = 200 – 115

= $85

Therefore, $85 is the correct answer.

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Related Questions

Suppose that a simple economy produces only four goods and services: sweaters, CDs, sugar, and soft drinks. Assume one half of the sugar is used in making the soft drinks and the other half of the sugar is purchased by households.

Answers

Given that this is a simple economy, the simple GDP therefore will be given as: The sum total of all the products purchased in a given period by the households.

What is the calculation for Simple GDP?

The simple GDP of the economy described above is given as:

Product     Quantity  x  Prices ($) =  Revenue ($)

Sweaters  50             15            750

CDs            10             10            100

Sugar         200            0.9            180

Soft Drinks 400             0.75            300
Nominal GDP (Total Revenue)                1,330  

Hence the nominal GDP = $1,330


What is the GDP Deflator?

Recall that the price of key items on the list had increased by 50%, hence the deflator is:

The ratio of base year to current year =
805/1,330

= 1,652174

≈ 1.65.

What is Real GDP?

Real GDP is given as:

R = N/D

Where R = Real GDP

N = Nominal GDP

D = GDP Deflator


Hence,

R = 1,330/1.65

Real GDP = $806.060606061

≈ $806.06

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Within the organization, the use of formal committees, training, and codes of conduct help to ensure standards of
A. ethical compliance.
B. legal compliance.
C. philanthropic giving.
D. social responsibility.
E. organizational leadership.

Answers

Within the organization, the use of formal committees, training, and codes of conduct help to ensure standards of ethical compliance.

What is ethical compliance?

Ethical compliance is the ability of an individual or employee to act according to companies code of conduct.

Trainings are usually conducted for newly recruited employee.

Therefore, Within the organization, the use of formal committees, training, and codes of conduct help to ensure standards of ethical compliance.

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The amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance.

Answers

Answer:

the amount you pay for different types of insurance is called a premium.

The question are on the picture...can someone help me ?​

Answers

small points for bigg questions

Each marketing function occurs _____ a product or service is developed and sold.

A. one time

B. two times

C. every time

D. none of the above

Answers

Each marketing function occurs every time a product or a service is developed and sold in the market.

What is a marketing function?

A marketing activity, which is essential for the transfer of goods from place of origin to the place of consumption in the market, is known as a marketing function. It is a continuous process.

Hence, option C holds true regarding a marketing function.

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Briefly summarize the concept of the division of labour. What does Smith think is good about the division of labour?​

Answers

Answer:

the division of labor was a way to make laboring the old times more fair in a way

Explanation:

If you are in the 15% tax bracket, your whole
income is taxed at that rate.
True
False

Answers

If an individual's income falls at the 15% tax bracket then his/her income is taxed at first 10% and then the excess 5% should be levied in the next bracket.

What is a tax bracket?

A tax bracket is the income range made by the tax authorities relating to income earned by taxpayers with different rates of taxes.

According to the US taxation rules, the tax levied on the income of the taxpayer should be in the progressive system, which means, that the income should be charged with the different tax rates and not the one single tax rate. As the tax rates are started from 10%, so at the rate of 15%, it should not be the same rate rather the excess 5% would be levied.

Therefore, the provided statement relating to the imposition of tax is false.

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Jack recently took out a loan from Diane at an interest rate of 4 percent. Diane expected this year’s inflation rate to be 1 percent and the real interest rate to be 3 percent. The loan is due at the end of this year. Complete the table below by computing the real interest rate for each possible inflation rate. For each situation, determine whether the unexpected inflation level benefits Jack or Diane.

Answers

The complete question has been added with an image for better understanding of the concept. The beneficiaries of the inflation and interest rates will be,

When inflation is 1 percent, Diane will benefit more than Jack;When inflation is 0 percent; Diane will benefit more than Jack; When inflation is 4 percent; Jack will benefit more than Diane; When inflation is -2 percent; Diane will benefit more than Jack.

What is inflation?

A given increase in rates or prices of any commodity, including monies, over a particular financial period is known as inflation.

The rates and beneficiaries due to the unexpected change in inflation for the above situation is given attached in the image in the form of a table.

Hence, the significance of inflation is as mentioned.

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Forecast the 2019 Cost of goods sold on the previous year’s number and the assumptions. 2018 Actual 2019 Estimate Sales Growth 6% 8% Gross Margin 40% 40% Revenues 50,000 Cost of Goods Sold 30,000

Answers

Answer:

hi

Explanation:

One's personality is shaped by a combination of nature (genetic) and nurture (environmental) influences. Recent studies conducted among birds have demonstrated that environment plays a bigger role in forming personality than genetics, but obviously there are differences when translating these results to humans.

The Cost of Goods Sold for 2019 is forecasted to be $30,600.

What is Cost of Goods sold?

This refers to total amount that a firm paid as a cost directly related to the sale of products.

The Sales Growth between the years 2018 and 2019 is 2% (8%-6%).

Because the 2018 Cost of Goods Sold equals $30,000, then, it will be adjusted according to the sales growth recorded in the subservience year.

Cost of Goods Sold (2019) = $30,000 *(1+0.02)

Cost of Goods Sold (2019) = $30,000 *1.02

Cost of Goods Sold (2019) = $30,600

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Becker and Riaan Nursery owes Big Nursery Suppliers an amount of R35 000. Due to tough economic conditions, Becker & Riaan Nursery had to resort to providing services on credit and their clients owe them R45 000. Becker & Riaan Nursery also owns equipment to the value of R15 000 and had an unfavourable bank account balance of R20 000.

What is the net worth (equity) of Becker & Riaan Nursery on 28 February 20.2?

Answers

The net worth (equity) of Becker and Riaan Nursery on February 28, 2022, is $5,000.

What is net worth (equity)?

The net worth (equity) represents the excess of financial and non-financial assets over the liabilities of the entity.

Sometimes, an entity or individual may have a negative net worth.  Negative net worth shows that the liabilities exceed the assets.

Data and Calculations:

Accounts Payable (Big Nursery Suppliers) = R35,000

Accounts Receivable = R45,000

Equipment = R15,000

Bank overdraft = R20,000

Assets:

Accounts Receivable = R45,000

Equipment = R15,000

Total assets = R60,000

Liabilities:

Accounts Payable (Big Nursery Suppliers) = R35,000

Bank overdraft = R20,000

Total liabilities = R55,000

Net Worth (excess of assets over liabilities or equity) = R5,000 (R60,000 - R55,000)

Thus, the net worth (equity) of Becker and Riaan Nursery on February 28, 2022, is $5,000.

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Draft an email to be sent to all of your colleagues announcing the transition to a formal on-boarding process for all new employees. Acknowledge the anticipated complaints about “making more work” and stress the positive benefits of a standardized process

( the subject was not on their but its Professional Communications )

Answers

There will be a formal on-boarding process for all new employee so as to learn the  structure and culture of the organization for a standardized process.

Why is the onboarding process  is necessary for new employees?

"Onboarding  processes is required in an organization so as to help the new employee to be able to be fully integrated into the organization.

This will help to prevent or get rid of complaints of the customer about employee not knowing the culture and way of doing things in the organization.

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reason why depreciation amount does not include in the receipts
and payments account.

Answers

Answer:

Items such as depreciation, outstanding expenses, accrued income etc. are not shown in receipt and payment account because it is a real account. Only cash transactions are recorded in receipt and payment account.

What is a certificate of deposit, or CD?

Answers

It’s a product offered by banks and credit unions that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.

What impact does interest have on the cost of the purchases you make when
using credit?
A. Interest can cause the overall cost of your purchases to increase.
B. Interest can cause the overall cost of your purchases to decrease.
C. Interest has no impact because most credit cards do not charge
interest.
D. Interest has no impact because it is separate from the actual
purchase prices.

Answers

Answer:

the answer to this question is letter a because interest will increase the cost if not paid on time

You will be required to write a 1500 words review paper (+-10% – excluding references) on a selected project case study, e.g. Similar to the Gautrain example in Assignment 3 (You can not use the Gautrain example as this was used in assignment 1).
Case study or Programme can include any industrial/engineering sector such as; construction. Examples could include South Africa’s FIFA 2010 games, vaccine development, etc. NO fictious projects may be used. Your individual paper must include the following sections:
1. Project or Programme description. (5 marks)
2. Include stakeholders involved. (5 marks)
3. Strategic alignment (the role the project plays in the strategic management process and
how is it linked to the strategic plan). (10 marks)
4. Were both sociocultural or technical element factors in the success or difficulties in the
projects.
5. Challenges faced and how these challenges were addressed.
6. Your paper will need to include the following technical aspects.

Answers

The project is about  eradication of malaria and water borne disease in Africa.

What is the program about?

The aim of the program is to make sure that Africa people are sentitized about malaria and water borne disease and how to eradicate it.

The stakeholders in the eradication of malaria and water borne disease in Africa are:

The WHO.Private organizations or firmsVolunteers,Medical personals, etc.

The role the project plays in the strategic management process is that it will help to bring down the rate of issues or sickness associated with the two factors above.

Challenges are:

FinanceNo good transportation system in some areas.Lack of Medical tools, etc.

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PURPOSE
Create a presentation that describes your plan and findings for a personal finance budget.
ASSIGNMENT PROMPT
In this assignment, you will create a multimedia presentation to communicate your findings from your
previous budget assignment. You will describe your budget, explain your reasoning, provide evidence,
address opposing perspectives, and educate your audience.

Step 1: Review your planned budget.
a) Open your planned budget you created for your previous assignment.
b) Think about your main findings.
Step 2: Consider the required elements of a multimedia presentation.
a) Create your presentation on the computer using presentation or video-editing software.
b) Include digital media such as images, video, or audio.
c) Use text when appropriate to convey main ideas.
d) Have an introduction, body, and conclusion.
e) Present supporting evidence while conveying your perspective clearly.
f) Address other perspectives while explaining your own reasoning.
g) Include a list of resources that you used, including websites, textbooks, or other
materials.
Step 3: Think about these steps for creating a successful presentation.
a) Plan: Sketch your presentation before you begin. Establish the order in which you will
present your information and what media you are going to include.
b) Draft: Create a rough draft of your presentation.
c) Revise: Review your work, correct mistakes, and make improvements

**Last assignment is attached for reference**

I need help on where to start and how I should layout this presentation. If you could point me in the right direction, I plan on using PowerPoint. If you tell me what to do slide for slide, I'll give brainliest. Even advice is a huge help though!

Answers

Answer: Summarize the change in expenditures between budgets. Show the findings of your personal financial analysis using appropriate graphs/charts in Excel.

Explanation:

Answer:

Purposes of creating a personal budget

Personal budgets are usually created to help an individual or a household of people to control their spending and achieve their financial goals. Having a budget can help people feel more in control of their finances and make it easier for them to not overspend and save money.

Explanation:

Which advice would best help you protect your personal information?
A. Respond to any email that looks like it originates from a legitimate
company.
B. Only give out personal information to a person who appears to
have knowledge of your bank account transactions.
C. Click on email links sent from your credit card company, but only if
the email looks legitimate.
D. Never provide personal details to someone who claims to be from
your bank; call your bank directly.

Answers

Answer:

D

Explanation:

because you will never know who wants to hurt you or still from you u need to make sure by phoning your bank immediately before you will regret it

Answer: D. Never provide personal details to someone who claims to be from

your bank; call your bank directly.

Explanation:

Every line manager is a HR Manager-explain?

Answers

Answer:

assists managers with recruitment, motivation and maintaining employees within the organisation

S
Select the correct text in the passage.
Which sentence describes equilibrium in supply and demand?
A cell phone manufacturing company decided to use a price-skimming strategy to enter the market. It set the price of its phones at $450. However, a range of other
premium smartphones was already available in the market, and thus the product did not achieve a good demand. Eventually, when the price of the phone fell to $300,
demand for the product increased and profits began to soar. Now, market research suggests that if the company reduced its price to $275, the quantity demanded would
also rise. The rise in demand was predicted to be 30 percent. However, a profit study revealed that to increase demand, it would have to compromise on profits. Thus, the
company decided to leave the price at $275. This would help them gain enough customers to make a profit while also manufacturing enough phones to meet demand.

Answers

The statement "Eventually, when the price of the phone fell to $300, demand for the product increased and profits began to soar." describes an equilibrium in supply and demand.

What is an equilibrium in supply and demand?

This refers to a situation whereby there is a balance in market supply and demand balance which as a result prices become stable.

Because there is a fall in phone price made the demand for the product increased and profits began to soar, this is an example of an equilibrium process.

Therefore, the Option C is correct.

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Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts ______ at the end of the accounting period.

Answers

Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts owed at the end of the accounting period.

What are adjusting entries?

Adjusting entries are the end-of-the-year entries made to ensure that the income statement and balance sheet present the correct, up-to-date numbers.

Some of the adjusting entries include:

Accrued revenuesAccrued expensesDeferred revenuesPrepaid expensesDepreciation expenses.

Thus, Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts owed at the end of the accounting period.

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The number one job a health inspector has is making sure which of the following happens?

Answers

Answer:

B. Food being served is safe.

Explanation:

In this case, a health inspector's job is to ensure that equipment are sterilized and that the place is following environmental and health laws.

In the case of creating food, a health inspector's job would be to ensure that the place is processing food correctly, creating food that, when consumed, is not toxic to the human body, and that they follow mandatory governmental guidelines for environmental, societal, and individual health.

~

Investors always make money from investing in the stock market.

A. True
B. False

Answers

"Investors always make money from investing in the stock market." is a false statement. This is further explained below.

Who is an Investor?

Generally, an Investor is simply defined as a profit-seeking financier.

In conclusion,  Investing in the stock market might result in a wide range of losses. Figure out how to deal with each one of them.

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What is a common way to purchase an automobile?

Answers

Answer: with cash.. or you can set a loan

Explanation:

what is local business

Answers

Answer:

Any company that provides goods or services to a local population

I hope this helps and answers your question ^^

Using the (DMP) Model. (1) What determines a consumer’s decision to search for work? (2) What determines a firm’s decision to post a vacancy? (3) When a worker and firm are matched, what determines the wage paid to the worker? (4) Discuss the likely equilibrium effects of unemployment benefit (b) in the DMP model

Answers

Using the DMP Model the factor that determines a consumer’s decision to search for work are:

The labor force, titled as Q. The payoff gotten from home production.The payoff gotten as a result of searching for market work.

What factor determines a firm’s decision to post a vacancy?

They are:

1. The cost that one gets from posting a vacancy, k

2. The wage rate which the suppose firm would pay, w

3. The outcome or the output that worker will make, z, etc.

Note that in DMP model, if a worker and firm are matched, the factor that determines the wage paid to the worker is the equation of :

w = a(z-b) + b,

Where a(z-b) =  Share the worker will get from the total share as a result of the bargain, based on the worker's bargaining power.

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explain how mobile commerce provides easy access to stores to society

Answers

I think it’s 20 x 345

Bullors Inc., an apparel manufacturer, prices its products low by selling them only through factory outlets. Therefore, Bullors apparels can neither be bought online nor from any superstores. Which of the following channels is Bullors Inc. using for the distribution of its products?

1. A retailer channel

2. A broker channel

3. A direct channel

4. A wholesaler channel

Answers

The channel that Bullors Inc is using for the distribution of its products is a direct channel

What is distribution?

It should be noted that distribution simply means the way that the goods reach the final consumers.

In this case, the channel that Bullors Inc is using for the distribution of its products is a direct channel sine it's through the company directly

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A order comes in for two bean burritos and one crunchy taco the starter starts grilling the
tortilla...what should the finisher do

Answers

Answer:

assembling them

Explanation:

An order comes in for two bean burritos and one crunchy taco the starter starts grilling the tortilla. Assembling is the best move. This is further explained below.

What is Assembling?

Generally, to assemble in one area for a shared objective.

In conclusion, The starter begins grilling the tortilla as an order comes in for two bean burritos and one crispy taco. It's smartest to band together.

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A consumer must decide between purchasing a new cell phone or renting a new car. Why might determining the opportunity cost be uncertain

Answers

When a consumer has to decide between buying a new smartphone or renting a new car, the determination of opportunity costs is difficult, as both the expenses have different utilities.

What is opportunity cost?

The cost, which is undergone in order to let go of an alternative divestment of such cost, is known as an opportunity cost. An opportunity costs may be backed by emotions and other external factors.

Hence, the significance of opportunity costs is given above.

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Exercise Answer the following questions 1. What is teaching? Write.​

Answers

Answer:

Teaching can be defined as engagement with learners to enable their understanding and application of knowledge, concepts and processes. It includes design, content selection, delivery, assessment and reflection

Explanation:

mark me as a brilliant

Other Questions
11Select the correct answer.Which statement best defines an inference?O A.OB.O C.O D.a conclusion based on evidence and outside knowledgethe background information about a literary worka guess that relies only on the reader's prior experiencesthe details stated directly by the author of a passage What traditions and characteristics of ancient Greece inspire modern Western Civilization? Why is ancient Greece considered one of the foundations of Western Civilization? Who is best recommended to use ballistic stretching?MalesAthletes AnybodyAdults The following table shows how the average constituency changes for two regional governing boards, joshua and salinas, when a new representative is added to each board. joshua's average constituency salinas's average constituency joshua receives new board member 1232 1520 salinas receives new board member 1448 1333 (a) determine the relative unfairness of an apportionment that gives a new board member to joshua rather than to salinas. round to the nearest thousandth. (b) determine the relative unfairness of an apportionment that gives a new board member to salinas rather than to joshua. round to the nearest thousandth. (c) using the apportionment principle, determine which regional governing board should receive the new board member. joshua salinas Which argument is a non sequitur fallacy? This space station has plants growing inside it, and astronauts who eat the fruits and vegetables from those plants. Because it is in space, the station is sealed so no material can get in or out.The space station is in Earths shadow, so no light is getting into it. The sensors in the space station show that carbon dioxide in the air is increasing.What is happening to the energy storage molecules in the plants and humans in the space station? Explain your answer as completely as possible.SOMEONE PLEASE HELP ME WITH THIS QUESTION!!!IT'S DUE IN 15 MINUTES Some studies have shown that peppermint odor increases peoples mental sharpness, especially when they solve math problems. Which best describes how this could be a valid scientific claim?if it is tested in a controlled setting with repeated resultsif the test is published on Wikipediaif the scientist was previously peer reviewedif the math problems are easy problems Which detail supports the central idea? ""most persons do not see the sun"" ""shines into the eye and the heart of the child"" ""to speak truly"" Which expressions can be used to find the coordinates of the midpoint of PQ with endpoints P(3, 1) and Q(7, 6)? Select THREE options. How does the speaker develop the idea that Athens isunique?by telling a story about life in Athens long agoby giving examples of what kind of city Athens isO by explaining that soldiers were willing to die forAthensby giving statistics about those who have diedfighting for Athens four students are trying to determine what number must replace the question (x^2)^7=x^4*x^8 in order to make it trueJoe said the answer is 6. Sam said it is impossible to answer.Peter said the answer is 32. Alex said the answer is 16.Who is correct? Explain why. There are 35 students on the Step Team to raise a total of 3,500 for uniforms. So far they have raised a total of 1,800. How much more money in dollars, does each member of the Step Team need to raise Dr. andersen wants to study the development of depression based on age and gender. if he wants his results to be available for a presentation next year, he should use which type of research approach What is the value of 9+n/3when n equals 12 Sid has a water dispenser in his refrigerator as shown in the figure.PLS HELP!A prism has a length of 4 inches, height of 14 inches, and width of 8 inches.Sid would like to have three water dispensers in his refrigerator. How much cubic space will all three dispensers take up in Sids refrigerator?448 in.3 896 in.31,200 in.3 1,344 in.3 What expenses do you need to budget for if you choose to buy a home? Check all that apply. Which volume of ethane gas, in cm3 , will produce 40cm3 of carbon dioxide gas when mixed with 140cm3 of oxygen gas, assuming the reaction goes to completion Classify the following triangle as acute, obtuse, or right.A. ObtuseB. AcuteC. RightD. None of these How did the rise of nationalism influence the global community in the 20thcentury?A. It led many groups to launch revolutions demanding politicalindependence.OB. It led countries around the world to isolate themselves from oneanother.C. It caused many international organizations to begin protectinghuman rights.D. It encouraged powerful countries to establish colonial empiresaround the world. A rubber bouncy ball is dropped from aheight of 101.00 inches onto a hard flatfloor. After each bounce, the ball returnsto a height that is 19% less than theprevious maximum height. What is themaximum height reached after the 5thbounce?