Hans Can Do 4 Loads of Laundry Per Hour,and He

question 9

Multiple Choice

Hans can do 4 loads of laundry per hour,and he can type 6 pages per hour.Maria can do 12 loads of laundry per hour,and she can type 8 pages per hour.Maria's opportunity cost of doing one load of laundry is:

• A)4 pages.
• B)6 pages.
• C)2/3 of a page.
• D)3/2 of a page.
• E)impossible to compute without additional information.

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Definitions:

Service Revenue

Income earned by a company for providing intangible products or services to customers.

Accounts Receivable

The sum that clients or customers owe to a business for products or services that have been delivered, but not yet compensated for.

Current Liabilities

Financial obligations or debts a company must pay within a year or within its normal operating cycle.

Long-term Liabilities

Financial obligations of a business that are due for repayment more than one year in the future, such as bonds or long-term loans.