Lowest oppurtunity cost of completing the task

Reference no: EM13174702

Teresa and Sam need to decide which one will take of work to dig holes. Teresa is faster and can do it in 30 min but Sam is slower and will take 3 hours. Teresa ears $ 80 an hour as a doctor and Sam makes $ 10 an hour as a sales clerk. Keeping in mind that one must take off work to complete the task who has the lowest oppurtunity cost of completing the task.'

a. Sam

b. Both have the same identical cost

c. Teresa

Reference no: EM13174702

Questions Cloud

What the indifference curve consists of : Where x is measured on the horizontal axis and y is on the vertical axis. How would you figure out what the indifference curve consists of?

Determine the most likely task completion time : Describe how expected activity times and variances can be computed in a PERT network. Describe a situation in which a project manager would choose PERT for their project.

Hr professionals are discovering the value of using facebook : HR professionals are discovering the value of using Facebook, Linked In, and other social media in their jobs. Some other functions in the organization have discovered this as well.

What is the effect of water temperature on the pattern : What is the effect of dissolved soap (soapy water v. plain water) on the pattern of diffusion of blue dye in water?

Lowest oppurtunity cost of completing the task : Keeping in mind that one must take off work to complete the task who has the lowest oppurtunity cost of completing the task.' Sam, Both have the same identical cost, Teresa.

Describe the energy transformations in this object or system : There are many types of energy: electrical, kinetic, gravitational potential, chemical, elastic, heat, etc. Choose an object or system in which energy is transformed from one form to another. Describe the energy transformations in this object or s..

Calculate boiling point of nacl in c : calculate both its boiling point and its freezing point in C.

Linear regression analyzing total overhead cost : Linear regression analyzing total overhead cost and units sold and linear regression analyzing total overhead cost and machine hours used

How many milligrams of pbcro remains undissolved : Ksp for PbCrO4 at 25oC is 2.0 x 10-14. A sample of 1.000 mg of PbCrO4 is added to 1.0 L of water at this temperature.

User Account

All Pages