You paid $35 for a ticket (which is non-refundable) to see spam, a local rock band, in concert on saturday. (assume that you would not have been willing to pay any more than $35 for this concert.) your boss called and she is looking for someone to cover a shift on saturday at the same time as the concert. you will have to work 4 hours and she will pay you time and a half, which is $9/hr. what is the opportunity cost of going to the concert?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You paid $35 for a ticket (which is non-refundable) to see spam, a local rock band, in concert on saturday. (assume that you would not have ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Wagner Company's financial records show that it has a mortgage that requires monthly principal payments of $3,000. The mortgage loan matures in 15 years. What should Wagner show on its balance sheet at the end of the current year?
Answers (1)
According to the textbook, government price controls fail because: A. they are not enforced. B. legislation cannot repeal basic economic motives. C. bureaucrats lack accurate market data. D. firms ignore the restrictions.
Answers (1)
Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following? Check all that apply.
Answers (1)
All of the following are true of the real interest rate except it Is equal to the nominal interest rate minus the anticipated rate of inflation. Is stabilized by ARMs. Is the inflation-adjusted rate of interest.
Answers (1)
Under which of the schools is the corporation best served by serving only the shareholders? a. invisible hand school b. enlightened self-interest school c. social responsibility school d. inherence school
Answers (2)
New Questions in Business
On January 2, year 2, Air, Inc. agreed to pay its former president $300,000 under a deferred compensation arrangement. Air should have recorded this expense in year 1 but did not do so.
Answers (1)
A home improvement firm has quoted a price of? $9,800 to fix up? eric's backyard. five years? ago, eric put? $7,500 into a home improvement account that has earned an average of? 5.25% per year.
Answers (1)
A budget surplus a. exists when government spending is greater than tax revenues. b. causes government debt to increase. c. occurs when the government has debt equal to zero. d. reduces the government's debt.
Answers (1)
Monique was looking for a venue for her wedding reception. When she visited one potential location, she noticed that the landscaping was not complete, and there was stained carpet in the lobby.
Answers (1)
A monthly fixed rate mortgage payment--- A. could change. B. never changes. C. increases annually. D. decreases annually.
Answers (1)