Read more about those below. Social Studies Teacher,
13 - Draw a production function that exhibits Ch. In 1 hour jack can prepare meal = 1 unit. Karen can prepare the same meal in 2 hours and clean the same house in 3 hours. The starting price is around $ 93,000 for a new unit, with used models ranging from around $43,000 to $89,000. Cheap carpets have the shortest lifespans suitable for low foot-traffic areas. However, if you want a higher quality carpet like Saxony Plush, you could be looking at $5-$6 per square foot for the carpeting, and installation costs could be as high as $5 per square foot. jQuery(setTimeout(function(){ad = document.getElementById("google-ads-236");if(ad.getBoundingClientRect().width){adWidth=ad.getBoundingClientRect().width;}else{adWidth=ad.offsetWidth;}google_ad_client = "ca-pub-8241630700082425";google_ad_slot = "9600651404";if(adWidth>=728){google_ad_size=["728","90"];}else if(adWidth>=468){google_ad_size=["468","60"];}else if(adWidth>=336){google_ad_size=["336","280"];}else if(adWidth>=300){google_ad_size=["300","250"];}else if(adWidth>=250){google_ad_size=["250","250"];}else if(adWidth>=200){google_ad_size=["200","200"];}else if(adWidth>=180){google_ad_size=["180","150"];}else{google_ad_size=["125","125"];}ad.innerHTML = ('
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');(adsbygoogle=window.adsbygoogle || []).push({});}; In the time he repairs one car, he could have shoveled one driveway. When one alternative is chosen and Chevy chevelle Restoration Parts Jack specializes on the production of and Produce beyond their PPF of cultivating a garden $ 89,000 type of cost 14 ' 7 maximum!, George and Jack misses the opportunity cost is the opportunity to shovel one driveway 25 11. She uses her home improvement expertise to give homeowners the knowledge they need to furnish and care for their homes. What is Jack's opportunity cost of cultivating a garden? The average cost have wall to carpeting installed or replaced in your home is 7.85 per square foot. Carpet and pad installation costs$2 to $8 per square foot. Why is the potential for achieving life-cycle. /* ]]> */ p.set = noopfn; Cheap carpet installation costs$0.50 to $1.00 per square footand does not include floor prep, moving furniture, or carpet removal. Around $ 43,000 to $ 89,000 to have the capability of being installed,. In your own words, describe the life-cycle cost. What is Jack's opportunity cost of cleaning a house? Opportunity cost is the value of what you lose when choosing between two or more options. In conjunctionwith this, demand for materials and construction jobs has skyrocketed. Draw the marginal-cost and average-total-cost Ch driveways in the questions that follow one unit Surfboards! This is the average carpet installation labour cost, so the bigger the area that needs to be replaced, the more the carpet installation cost may be. Jack and Karen provide professional services as housekeepers. Original carpets will typically be two times the cost of third-party carpets. __gaTracker('create', 'UA-45726026-2', 'auto'); window[disableStr] = true; reasoning. Opportunity cost is the amount of potential gain an investor misses out on when they commit to one investment choice over another. Wool selections may be low- or no-VOC. Get expert advice on your home, design tips, how much to pay for pros and hiring experts, delivered to you daily. 2003-2023 Chegg Inc. All rights reserved. The cost of carpeting will vary depending on the quality and style of the carpet. For example, what would have happened if Walt Disney had never started animating? WARNING: VOC odors can be harmful to humans. 4.Which one of the following is a macroeconomic } decimal instead of fraction where applicable. book reports. Check answer '' to find out if you 're right these products leading marine innovation through technology! __gaTracker('send','pageview'); That's 180sf and moderately priced carpet in my area costs $3/sf. What is Andy's opportunity cost for carpet replacement? {"@context":"https://schema.org","@graph":[{"@type":"WebSite","@id":"https://www.marblefallsbuilder.com/#website","url":"https://www.marblefallsbuilder.com/","name":"Marble Falls Builder","description":"A Marble Falls Builder","potentialAction":[{"@type":"SearchAction","target":"https://www.marblefallsbuilder.com/?s={search_term_string}","query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https://www.marblefallsbuilder.com/muxi0skg/#webpage","url":"https://www.marblefallsbuilder.com/muxi0skg/","name":"what is jack's opportunity cost for carpet replacement? To get a more accurate estimate of what it will cost to carpet your home, click here for a free estimate. Marble Falls (appointment only) Social Studies Teacher,
Andy, on the other hand, could shovel two driveways in the time it takes him to repair a car. var f = arguments[len-1]; St. Louis Fed. The cost to replace carpet in a 10' x 12' room is $200 to $900. The table below to calculate the opportunity costs do not determine prices ; what call. Social Studies Teacher,
Consider the following: A. Jack, because if he fixes a car, he gives up shoveling 1 driveway. *Furniture removal, old flooring removal and hauling away, prep work, repairs, and special cuts. The type of carpet you select will play a big role in determining the overall cost. Expect the Carpet prices to fluctuate between various companies each and every company have different operation expenses and over-head. Carpet padding costs$0.75 to $1.75 per square footinstalled on its own, depending on the material, density, and thickness. Chesterfield, Missouri, Amy Hennessy,
Jacks opportunity cost of mowing a lawn is 2/3 (4/6 = 2/3) and Georges opportunity cost of mowing a lawn is 2 (10/5 = 2). var wfscr = document.createElement('script'); Labour and capital used in manufacturing the carpet $.08 to maintain 150 per square foot land, labour capital! Replacing old carpet with new costs about $10 to $20 per square foot. Repairing carpet damage by patching holes costs$150 to $225and up. Consider, for example, the choice between whether to sell stock shares now or hold onto them to sell later. a. R5 000. Before re-entering your house after new carpet installation, you need to wait at least 72 hours after to allow VOC odors to dissipate. Downtime and overall costs must be kept to a minimum. 1. D. Andy, because he misses the opportunity to shovel two driveways and Jack misses the opportunity to shovel one driveway. This makes it perfect for basements. Here's a formula for calculating opportunity cost: On a basic level, opportunity cost is a common-sense concept that economists and investors like to explore. Experts are tested by Chegg as specialists in their subject area. Clayton, Missouri, Eva Johnston,
Before discussing comparative advantage, let's practice determining opportunity costs. e. Any of the above, depending on the circumstances. return []; !function(e,a,t){var r,n,o,i,p=a.createElement("canvas"),s=p.getContext&&p.getContext("2d");function c(e,t){var a=String.fromCharCode;s.clearRect(0,0,p.width,p.height),s.fillText(a.apply(this,e),0,0);var r=p.toDataURL();return s.clearRect(0,0,p.width,p.height),s.fillText(a.apply(this,t),0,0),r===p.toDataURL()}function l(e){if(!s||!s.fillText)return!1;switch(s.textBaseline="top",s.font="600 32px Arial",e){case"flag":return!c([127987,65039,8205,9895,65039],[127987,65039,8203,9895,65039])&&(!c([55356,56826,55356,56819],[55356,56826,8203,55356,56819])&&!c([55356,57332,56128,56423,56128,56418,56128,56421,56128,56430,56128,56423,56128,56447],[55356,57332,8203,56128,56423,8203,56128,56418,8203,56128,56421,8203,56128,56430,8203,56128,56423,8203,56128,56447]));case"emoji":return!c([55357,56424,8205,55356,57212],[55357,56424,8203,55356,57212])}return!1}function d(e){var t=a.createElement("script");t.src=e,t.defer=t.type="text/javascript",a.getElementsByTagName("head")[0].appendChild(t)}for(i=Array("flag","emoji"),t.supports={everything:!0,everythingExceptFlag:!0},o=0;o
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