Ask Question
BusinessBusiness
19 May, 20:57

Brenda chooses to pay $8 for a movie ticket, rather than work for 4 hours at $10 / hour. what is her opportunity cost?

+4
Answers (1)
  1. 20 May, 00:24
    0
    Her opportunity cost is $48 (Calculation: 48 = (10*4) + 8) based on her decision in the situation shown in the question above. If Brenda chose to work for four hours, she will not has to spend $8 for the movie ticket and she will get $40 in return for working for four hours. The opportunity cost is the benefit that she will get if she chooses another option.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Brenda chooses to pay $8 for a movie ticket, rather than work for 4 hours at $10 / hour. what is her opportunity cost? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which would be the correct sequence of events in the speedboat industry if waterway access was improved and, at the same time, a lighter polymer became available that increased production efficiency? A.
Answers (1)
The maximin approach involves choosing the alternative with the highest payoff is called
Answers (1)
The Federal Open Market Committee: A. is independent of the Board of Governors. B. is composed of all the regional bank presidents. C. is composed of the Board of Governors and five other regional Reserve Bank presidents. D.
Answers (1)
A corporation reported the following during 2009: Net income $175,250; a sale of 10,000 shares of $5 par value common stock for $8.
Answers (1)
A political polling organization is to conduct a poll of likely voters prior to an upcoming election. each voter is to be interviewed in person.
Answers (1)
New Questions in Business
Assume that Sara is partly correct in her assessment of the report. Upon further investigation, it is determined that 10 % of the order processing costs and 20 % of the delivery costs would not be avoidable if CRS were to drop Donnelly's.
Answers (1)
The Jameson Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% per year in the future. The company's beta is 1.15, the market risk premium is 5.00%, and the risk-free rate is 4.00%.
Answers (1)
If redbox is successful at attracting customers to a location, then mcdonald's could possibly realize
Answers (1)
You are interested in buying a share of stock in CAD Corporation. You expect a dividend payment of $0.50 next year and that the dividend will grow by 5% per year thereafter. You desire a 10% return on your purchase.
Answers (1)
If you were an employer who wanted to increase volunteerism among your employees, what strategy would you employ in order to increase the chances that the employees would continue to volunteer in the future?
Answers (1)
Home » Business » Brenda chooses to pay $8 for a movie ticket, rather than work for 4 hours at $10 / hour. what is her opportunity cost?
Sign Up Forgot Password?