Question

You buy a $100 ticket to a theme park and once inside you can ride on as many rides as you want at no extra cost. In this case, the opportunity cost of going on each ride will be zero. True or false?.

Answer 1

You buy a $one hundred price ticket to a theme park and once inside you may experience as many rides as you need at no extra cost. In this case, the possible value of happening every experience could be zero. False

The cost denotes the amount of money that an employer spends on the creation or manufacturing of goods or offerings. It does now not encompass the markup for income. From a vendor's point of view, a fee is the quantity of money that is spent to provide an excellent product.

Charges are the economic fee of expenses for substances, services, hard work, products, gadgets,s and other objects purchased to be used through a commercial enterprise or other accounting entity. it is the amount denoted on invoices because the rate recorded in the e-book preserves data as a price or asset cost basis.

Cost, in commonplace utilization, is the monetary price of goods and offerings that manufacturers and customers buy. In a primary monetary experience, the cost is the degree of the opportunity possibilities foregone inside the preference of 1 accurate or hobby over others. This essential price is usually referred to as possible value.

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