Priya Is Ice Skating with Her Friends and Having So

question 83

Multiple Choice

Priya is ice skating with her friends and having so much fun that she wants to skate for another hour. However, each hour of ice skating costs $8, plus a one-time skate rental fee of $5. In addition, skating for another hour will make Priya one hour late for her job, where she earns $13 per hour. What is Priya's opportunity cost of skating for another hour?

• A)$18
• B)$13
• C)$26
• D)$21

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Definitions:

Net Requirements

The actual amount of materials or resources needed for production, calculated after considering the on-hand inventory and pending orders, to meet the production schedule.

Part B

Often associated with Medicare, Part B refers to medical insurance coverage for certain services and products not covered by Part A.

Gross Material Requirements Plan

A comprehensive schedule that projects the raw materials needed to meet production demands, factoring in inventory levels and supply lead times.

Time-Phased Schedule

A detailed timeline that outlines when specific tasks or activities should be completed, often used in project management and manufacturing to ensure processes are aligned.