Among the people who are characterized below, who has the highest opportunity cost of leisure?
a. an attorney who earns $200 per hour and who plays golf during her leisure time
b. a medical doctor who earns $210 per hour and who sleeps during his leisure time
c. a retail clerk who earns $15 per hour and who watches tv during her leisure time
d. a waiter who earns $12 per hour and who reads poetry during his leisure time
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Among the people who are characterized below, who has the highest opportunity cost of leisure? a. an attorney who earns $200 per hour and ...” 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
When the LA Galaxy played soccer in a stadium that seated 80,000-90,000 fans, many of the available tickets to each game went unsold and the stadium looked empty.
Answers (1)
there is a high likelihood of such partnerships reducing competitive pressures on ALL industry members, provided technological change in the suppliers' business is rapid and the item being supplied is a commodity.
Answers (1)
To capitalize on high foreign interest rates using covered interest arbitrage, a U. S. investor would convert dollars to the foreign currency, invest in the foreign country, and simultaneously sell the foreign currency forward
Answers (1)
If the government taxes car producers, what will happen in the market for cars? a. The supply curve will shift to the leftb. The demand curve will shift to the rightc. There will be movement along the supply curve to the leftd.
Answers (1)
For marketers, one of the benefits of having achieved brand loyalty is
Answers (1)
New Questions in Business
Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales commissions costs of $50,000, technology costs of $75,000, and research and development costs of $200,000.
Answers (2)
PA12. LO 5.4Complete this production cost report:
Answers (1)
BSO, Inc, has current assets of $1,000,000 and current liabilities of $500,000, resulting in a current ratio of 2.0. Calculate the current ratio and determine whether it will increase, decrease, or remain the same. a.
Answers (1)
Choate International plans to issue $15 million in 10-year bonds. They believe they can afford to pay $1,150,000 in interest to bondholders each year. Which annual interest rate should they use for their bonds? The current market interest rate is 7.
Answers (1)
5. Kehoe, Inc. owes $30,000 to Ritter Company today. How much would Kehoe have to pay each year if the debt is retired through four equal payments (made at the end of the year), given an interest rate on the debt of 12%?
Answers (1)