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Yuri [45]
2 years ago
10

The opportunity cost of the third bicycle is _____ tents.

Business
1 answer:
skelet666 [1.2K]2 years ago
4 0

The opportunity cost of the third bicycle is 20 tents.

What is opportunity cost?

The value or advantage forfeited by engaging in a specific activity in comparison to engaging in an alternative activity is known as the opportunity cost of that activity. Simply put, it means that if you choose one activity, you forfeit the chance to do another.

Therefore,

The opportunity cost of the third bicycle is 20 tents.

To learn more about opportunity cost from the given link:

brainly.com/question/3611557

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What amount needs to be invested today at 6% simple interest in order to have $4000 in 2 years?
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Data:
A (amount) = ?
P (Principal) = $ 4000
r (rate) = 6% → 0.06
t (time) = 2 years

Formula:
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A = 4000*1.12
\boxed{\boxed{A = \$\:4480}}\end{array}}\qquad\quad\checkmark


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