What is billys opportunity cost of repairing his car

Assignment Help Management Theories
Reference no: EM133614132

Question: Billy's car broke down. A mechanic estimated the repairs in $200 in parts plus $400 in labor. Billy can fix the car on his own, though he will have leave his job that pays $25/hour early because he needs 6 hours of work to repair his car. What is Billy's opportunity cost of repairing his car? Should he repair it himself?

Reference no: EM133614132

Questions Cloud

Submit a perceptual map for a product category : Submit a perceptual map for a product category and brand of your choice clearly identifying the two dimensions (justification as footnotes), product
Interested in hiring highly skilled professional : Your company is interested in hiring a highly skilled professional who will derive a lot of income for your company.
Injured when heavy object struck knee : While working on a construction project, a plaintiff was injured when a heavy object struck his knee.
Explain your understanding of the Fed : Explain your understanding of the Fed? and, in your opinion, are they doing a good job?
What is billys opportunity cost of repairing his car : Billy can fix the car on his own, though he will have leave his job that pays $25/hour early because he needs 6 hours of work to repair his car. What is Billy
Which levels of organizational culture do those examples : Which levels of organizational culture do those examples represent? Span of Control Assumptions Artifacts Values Division of Labor
What would be your approach to managing a team : What would be your approach to managing a team? How would you support them to be their creative best
Social media marketing : Pushedin the next step in social media marketing. what are the issues in this case study. Do you think there is anything unethical about the marketing strategy
Law enforcement training manuals and materials : Law enforcement training manuals and materials that copy items off of the internet cannot be a violation of copyright laws since items on the internet lose

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd