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dexar [7]
3 years ago
6

Max has two options this weekend. He could work at his job and earn $7 per hour for three hours, or he could go to an exhibit at

the art museum for that three hours. A ticket for the event costs $30.What is the opportunity cost of the event? $
Business
1 answer:
densk [106]3 years ago
8 0

Answer:

The opportunity cost of the event $21.

Explanation:

Opportunity cost is the loss of alternative when someone chooses an alternative.

Number of Hours = 3 hours

Earning per hour = $7

Total opportunity cost = $7 x 3

Total opportunity cost = $21

As Max has to bear the loss of $21 earning when he goes to the event in the museum. So this is his opportunity cost.

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Answer:

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solution

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uestion 31 Oriole Company has the following inventory data: July 1 Beginning inventory 114 units at $19 $2166 7 Purchases 399 un
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Answer:

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