Your classmates from the university of chicago are planning to go to miami for spring break, and you are undecided about whether you should go with them. the round-trip airfares are $600, but you have a frequent-flyer coupon worth $500 that you could use to pay part of the airfare. all other costs for the vacation are exactly $900. the most you would be willing to pay for the trip is $1400. your only alternative use for your frequent-flyer coupon is for your trip to atlanta two weeks after the break to attend your sister's graduation, which your parents are forcing you to attend. the chicago-atlanta round-trip airfares are $450. what is the opportunity cost of using the coupon for the miami trip? $100 $450 $500 $550
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Your classmates from the university of chicago are planning to go to miami for spring break, and you are undecided about whether you should ...” 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
What is the best way to deal with volatility and get the best return on your investment?
Answers (1)
Jamestown Ltd. currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. The company owns land beside its current manufacturing facility that could be used for the expansion.
Answers (1)
Suppose that the adult population is 210 million, and there are 130 million who are employed and 5 million who are unemployed. Calculate the unemployment rate and the labor force participation rate.
Answers (1)
Blue Company estimates that unit sales will be 10,500 in quarter 1, 12,400 in quarter 2, 14,100 in quarter 3, and 18,800 in quarter 4. Using a sales price of $85 per unit. Prepare the sales budget by quarters for the year ending December 31, 2017.
Answers (1)
The Rehabilitation Act of 1973: a. applies only to employers receiving federal financial assistance. b. is enforced by the EEOC. c. does not apply to federal contractors. d. a, b, and c
Answers (1)
New Questions in Business
7. Two farmers, A and B, each apply 100 tons of manure on their fields. To reduce manure runoff, the government has decided to require a permit for each ton of manure applied. The government gives each farmer 50 permits.
Answers (1)
Anthony and cathy smith have been married for thirty-one years. they have always had a joint bank account, discuss big expenditures before making them, and share household duties.
Answers (1)
Assume there is a decrease in the market demand for a good sold by price-taking firms that are initially producing the profit-maximizing level of output. For the individual firm, this would result in:
Answers (1)
A company uses the periodic inventory system and had the following activity during the current monthly period.
Answers (1)
Recently, Pfizer and Allergan - the makers of Viagra and Botox, respectively - initiated a $160 billion merger. Pharmaceutical companies tend to spend a greater percentage of sales on R&D activities than other industries.
Answers (1)