10) You are faced with the following alternative choices on a Friday night: Choice A: Go to a concert, which costs $30. Choice B: Go to a party at a friend's house. Choice C: Go to the library and study economics. It turns out that Choice A is your most preferred activity, Choice B is your second most preferred activity, and Choice C is your least preferred activity, so naturally, you go to the concert. What is the oportunity cost of going to the concert? A) $30 B) $30 plus missing your friend's party. C) $30 plus missing your friend's party plus not studying economics at the library. D) Missing your friend's party plus not studying economics at the library.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “10) You are faced with the following alternative choices on a Friday night: Choice A: Go to a concert, which costs $30. Choice B: Go to a ...” 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
On November 1. Bahama Cruise Lines borrows $2.6 million and issues a six-month. 6% note payable. Interest is payable at maturity.
Answers (1)
Theodora, the human resource manager of a firm, is planning how to support a strategy of empowering employees. currently, jobs are grouped based on different functions, such as customer service, manufacturing, and packaging.
Answers (1)
Rose is starting to notice some wrinkles around her eyes and mouth. she has decided to purchase some age-defying wrinkle cream but is unfamiliar with available brands.
Answers (1)
The fastener division of Southern Fasteners manufactures zippers and then sells them to customers for $7.60 per unit. Its variable cost is $3.01 per unit, and its fixed cost per unit is $1.28.
Answers (1)
What two conditions must hold for a competitive market to produce efficient outcomes? Group of answer choices Firms must maximize profits, and consumers must all pay prices equal to their maximum willingness to pay.
Answers (1)
New Questions in Business
A service animals can be a cut snake miniature horse kangaroo none of the above
Answers (1)
Patel Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made. 1.
Answers (1)
Why is teen crashes a problem, especially for teen drivers?
Answers (2)
In general, how long does it take to accomplish a long-term goal? A. a few days to a week B. a few weeks to a month C. a few months to a year D. more than a year Reset Next
Answers (1)
A municipality is planning to issue a 5-year zero-coupon bond. The face value is $1,000 and the yield-to-maturity is 5.6%. What is the price of this muni-bond? Round to the nearest cent. Do not include a dollar sign in your answer. (i. e.
Answers (1)