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DerKrebs [107]
3 years ago
8

Suppose you have won a free ticket to see a Bruce Springsteen concert. This ticket has no resale value. Also suppose that U2 has

a concert the same night. The U2 concert represents your next-best alternative activity to the Springsteen concert. Tickets to the U2 concert cost $62, and on any particular day, you would be willing to pay up to $134 to see U2. Assume that there are no additional costs of seeing either show. Based on the information, what is the opportunity cost of seeing Bruce Springsteen?
Business
1 answer:
steposvetlana [31]3 years ago
4 0

Answer: $72

Explanation:

Opportunity cost is the cost incurred or benefit foregone by selecting some other alternative which gives the some level of satisfaction.

It is totally depend upon the preferences of the consumers or individuals.

The opportunity cost of seeing Bruce Springsteen is $72(= $134 - $62) that is the difference between actual ticket price and willing to pay for U2 concert.

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People have been undertaking projects since the earliest days of organized human activity. The hunting parties of our prehistoric ancestors were projects, for example; they were temporary undertakings directed at the goal of obtaining meat for the community. Large complex projects have also been with us for a long time. The pyramids and the Great Wall of China were in their day of roughly the same dimensions as the Apollo project to send men to the moon. We use the term “project” frequently in our daily conversations. A husband, for example may tell his wife, “My main project for this weekend is to straighten out the garage.” Going hunting, building pyramids, and fixing faucets all share certain features that make them projects. So the correct answer is: please help :)
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3 years ago
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Alina [70]

Answer:

the cost per overhead rate and the inspection cost allocation is $0.08 per page and $190 respectively

Explanation:

The computation is shown below;

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The same would be considered and relevant too

7 0
3 years ago
The best way to think of presentation slides is... as a medium meant to be used in conjunction with someone speaking. as a stand
geniusboy [140]

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3 0
3 years ago
Which statement describes the market interest rate?
zheka24 [161]

Answer:

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Explanation:

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Pie

Answer:

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Explanation:

Responsiveness is the dimension of quality of service that is most important to Veronica because she is a customer whose primary service need is speed.

To achieve this dimension of quality of service, the company must implement strategies that help optimize the speed with which its service is delivered to the customer. To assess responsiveness, the company needs to obtain data on how long it provides customer response, and then align your prospect's needs with their response time.

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