You are shopping at the local mall with an $80 gift certificate. Only three items catch your attention. The items include a Justin Bieber sheet set, a remote control helicopter, and an "Amazing Ab Belt." You would be willing to give up $60 for the sheets, $70 for the belt, and $80 for the helicopter. Knowing this, you decide to purchase the helicopter. The opportunity cost of the helicopter was:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You are shopping at the local mall with an $80 gift certificate. Only three items catch your attention. The items include a Justin Bieber ...” 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
Your friend just opened their first credit card. What advice would you give them before they start making purchases?
Answers (1)
is the term used used to represent the portion of a catastrophic financial loss that must be covered by th insured before the insurance coverage provides any compensation for the loss
Answers (1)
A natural monopoly a. is an example of a government-created barrier. b. exists when a single seller experiences lower average total costs than any potential competitor. c.
Answers (1)
Which of the following statements is true? a) If real interest rates are negative, lenders incur loses. b) If nominal interest rates remain the same and the inflation rate falls, real interest rates increase.
Answers (1)
Bowie Company uses a calendar year and the straight line depreciation method. On December 31, 2018, after adjusting entries were posted, Bowie Company sold a machine which was originally purchased on January 1, 2015.
Answers (1)
New Questions in Business
At the end of 2016, Nash's Trading Post, LLC has accounts receivable of $635,600 and an allowance for doubtful accounts of $23,140. On January 24, 2017, it is learned that the company's receivable from Madonna Inc.
Answers (1)
United Birdseed is expected to pay the following dividends over the next three years: After year 3, dividends are expected to grow by 5% per year forever. The expected/required return on United Birdseed stock is 10%. What is the stock price?
Answers (1)
Halestorm Corporation's common stock has a beta of 1.13. Assume the risk-free rate is 4.8 percent and the expected return on the market is 12.3 percent. What is the company's cost of equity capita?
Answers (1)
A monopoly creates a deadweight loss to society because it produces less output than the socially efficient level. a. true b. false
Answers (1)
A company sells two products with information as follows: A B Sales price per unit $12 $22 Variable cost per unit $10 $10The products are machine made.
Answers (1)