Suppose You Own a Courier Service and You Use Two

question 115

Multiple Choice

Suppose you own a courier service and you use two types of delivery vehicles - Model A,which costs $30 000 to purchase,and Model B,which costs $50 000 to purchase.You have a budget of $300 000 for the purchase of new vehicles.What is the opportunity cost of one Model B vehicle?

• A)0
• B)3/5ths of a Model A vehicle
• C)5/3rds of a Model A vehicle
• D)5 Model A vehicles
• E)3 Model A vehicles

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Definitions:

Internal Union Affairs

The internal business, policies, and decisions specific to a labor union's operation and governance.

Undemocratic

Characterized by a lack of adherence to democratic principles such as fair and free elections, equality, and representation.

Family and Medical Leave Act

A U.S. law that provides eligible employees with unpaid, job-protected leave for certain family and medical reasons.

Employees

Individuals who are hired by employers to perform specific duties in exchange for compensation, typically under an employment contract or agreement.