Hans Can Do 4 Loads of Laundry and Type 6

question 178

Multiple Choice

Hans can do 4 loads of laundry and type 6 pages per hour. Heidi can do 12 loads of laundry and type 8 pages per hour. Heidi's opportunity cost of typing one page is _____

• A) equal to 4 loads of laundry.
• B) equal to 6 loads of laundry.
• C) equal to 3/2 of a load of laundry.
• D) equal to 2/3 of a load of laundry.
• E) impossible to compute without additional information.

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuing company, unrelated to its market value. It's a nominal value used for accounting purposes.

Anticipated Future Earnings

Projected profits or income that a company expects to earn in future periods, often used in valuations.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders a share in the company's profits and voting rights.

Par Value

A nominal value assigned to a share of stock or a bond by the issuing company, often used in accounting.