Sam is planning to start a pool cleaning company from his home. he has decided on a radius of 30 miles from his home as a region of operation. after surveying the region of operation, he found that 43% of the homes in the region have a swimming pool. if there are 36,248 homes within a 30 mile radius of sam’s home, approximately how many potential customers does sam have?

Sam has 15,587 potential customers.

Explanation:

Sam is planning to start a pool cleaning company from his home.  

He has decided on a radius of 30 miles from his home as a region of operation.  

He found that 43% of the homes in the region have a swimming pool.  

There are 36,248 homes within a 30-mile radius of Sam’s home.  

The number of potential customers for Sam  

= 43% of 36,248

= 0.43\ \times\ 36,248

= 15,586.64 or 15,587

Just took test on edg 2020 The correct answer is D. Since pools are not often removed from a property, 43% of homes with a pool means a strong potential customer base now, with the existing home owners, and later, with new home owners.

Explanation:

The correct answer is B) The value of taking care of her neighbours son for 60 minutes.

Explanation:

Opportunity Cost belongs more in the parlance of microeconomics and is used to describe the idea that one cannot have everything all the time. There are alternative ends competing for limited means. In order words, when we decide to take a course of action, in the hope of achieving a thing or getting a reward, there is always another benefit forgone.

So knowing that there is an opportunity that was foregone helps the microeconomist to think carefully about what they want to achieve using the limited resources at their disposal.

Further simplified, if I have $5 dollars to spend, and that amount can purchase either a cupcake or a cup of ice cream, the one I chose to buy becomes the opportunity taken, whilst the alternative forgone is the opportunity cost.

Therefore, the cost of an item is not just the amount of money for which it was purchased, but all other alternatives with which the same amount could have been purchased.

In the question above, Deidre would have chosen to babysit her neighbor's son. That to her is the next best use of her time, and therefore the opportunity cost. According to the question, she wouldn't have worked in the library even if she had nothing else to do. Hence, that does not pass as opportunity cost.

Opportunity cost must be an alternative choice and is very subjective.

Cheers!