Select the correct answer from each drop-down menu. The Northville School Board has proposed this budget for the upcoming school year

• 20% for school staff's salaries

• 50% for school maintenance and upkeep

• 10% to refurbish the gymnasium

• 5% to upgrade the computer lab hardware

• 10% for new instruments for the music department

• 5% for new sports equipment

After a brief discussion, the school board revised the budget as follows:

• 20% for school staffs salanes

• 50% for school maintenance and upkeep

• 10% to refurbish the gymnasium

• 10% to upgrade the computer lab hardware

• 5% for new instruments for the music department

• 5% for new sports equipment

In this case, the opportunity cost for

Incomplete question. The completed question reads;

The Northville School Board has proposed this budget for the upcoming school year:

20% for school staff’s salaries

50% for school maintenance and upkeep

10% to refurbish the gymnasium

5% to upgrade the computer lab hardware

10% for new instruments for the music department

5% for new sports equipment

After a brief discussion, the school board revised the budget as follows:

20% for school staff’s salaries

50% for school maintenance and upkeep

10% to refurbish the gymnasium

10% to upgrade the computer lab hardware

5% for new instruments for the music department

5% for new sports equipment

In this case, the opportunity cost for (refurbishing the gym, upgrading the computer lab, or getting new instruments.) was ( upgrading the new computer lab hardware, getting new equipment, or getting new instruments?

getting new instrument

Explanation:

Note that the term opportunity cost refers to the value or the cost of not selecting/benefitting from the other alternative option.

Comparing both budgets, it is observable that the budget for computer lab hardware was increased by 5%; and that of musical instruments was reduced by 5% according to The Northville School Board order of preference (importance).

Thus, we can say that the board decided to forgo some of the amount spent on musical instruments, but decided to increase spending on computer hardware.

In this case, the opportunity cost for upgrading the computer lab hardware was getting new instruments.

Step-by-step explanation:

Edmentum

example 2 – simplify: step 1: completely factor both the numerators and denominators of all fractions. step 2: change the division sign to a multiplication sign and flip (or reciprocate) the fraction after the division sign; essential you need to multiply by the reciprocal. step 3 : cancel or reduce the fractions.