1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Westkost [7]
3 years ago
9

Suppose that you prefer reading a book you already own to watching TV and that you prefer watching TV to listening to music. If

these are your only three choices, what is the opportunity cost of reading?
a. watching TV and listening to music
b. watching TV
c. listening to music
d. sleeping
e. the price of the book
Business
1 answer:
Irina18 [472]3 years ago
5 0

Answer:

B. Watching TV

Explanation:

Opportunity Cost is the cost of <u>next best alternative</u> forgone while choosing an alternative.

Eg: If I can consume apples & oranges, I like apples more than oranges. The opportunity cost of apples consumption is the next best option i.e oranges forgone.

As per given preferences : Book Reading > Watching TV > Listening Music

( '>' refers to preferred over)

The opportunity cost of Book reading is the next best option sacrifised i.e Watching TV.

You might be interested in
Antonio and Dina are debating the use of student discounts by local theaters near school. Antonio argues, "When theaters offer d
Ivanshal [37]

Answer:

The correct answer is letter "A": Dina.

Explanation:

The fact that local theaters near school offer a discount to students with valid identification is not a form of discrimination. As stated by Dina, there is no age restriction, for instance, and it is presumed, there is no other such religious preference, sexual orientation, race, and so forth. Economists are more likely to agree with Dina since what the local theaters are simply trying to do is to get the more clientele possible out of diverse sources. In this case, the source is the student status.

7 0
3 years ago
Billy Thornton borrowed $140,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses
kolbaska11 [484]

Answer:

$845.83

Explanation:

The computation of the interest is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)  

= $140,000 × 7.25% × (30 days ÷ 360 days)

= $845.83

Simply we applied the simple interest formula by multiplying the principal, interest rate and the time period so that it can arrive with the correct amount

3 0
3 years ago
The plaintiff is a State A corporation that entered into a contract with the defendant under which the defendant agreed to manuf
Kruka [31]

Answer: No, because all of the defendant's facilities and offices are in State A.

Explanation:

Following the information given in the question, a federal district court cannot have subject matter jurisdiction over the plaintiff's action.

In this case, there's no subject matter jurisdiction by the court as theres subject matter jurisdiction when there is full diversity of citizenship, and the amount of controversy is more tha $75,000.

3 0
3 years ago
When a tax is placed on a product, it’s_________increases, so it’s_________ may decrease. People react to the higher prices by b
Ivan

Answer:

<em>The answer is product, sales, similar products.</em>

Explanation:

Hope This Helps.

4 0
2 years ago
Assume that a state government currently provides no child-care subsidies to working single parents, but it now wants to adopt a
sergiy2304 [10]

Answer:

The line on the graph will be parallel to the pre-subsidy line and the new constraint will then be equal to the points connecting the two lines.

Explanation:

The subsidy by government to single parents is $3 per hour for up to 8 hours. The total of subsidy will be $16 for each day. The labor force who were not receiving the subsidy before had steep indifference curve but now few workers will find utility maximization with flatter indifference curve so the workers will join the subsidy program.

6 0
3 years ago
Other questions:
  • While taking a hike in the forest, you find some fossils in layers of sedimentary rocks whose age you later find out is said to
    11·1 answer
  • After being introduced to a higher-priced washing machine, the customer expresses a desire to purchase a lower-priced item. when
    12·1 answer
  • Once a​ month, the bureau of​ ______ statistics calculates the consumer price​ index, which is a measure of the​ ______ consumer
    8·1 answer
  • During the introduction stage of the product life cycle, a(n __________ pricing strategy may be used. this pricing strategy char
    7·1 answer
  • The following two errors were made in the physical inventory counts: 1. 2012 ending inventory was overstated by $33,000. 2. 2013
    10·1 answer
  • NEED HELP PLZ  A budget lists actual income and expenses to help create a financial plan.true or false
    9·1 answer
  • At Jacobson Company, indirect labor is a variable cost that varies with direct labor-hours. Last month's performance report show
    11·1 answer
  • The world price of grapefruits is above the price that currently prevails in Cuba in the absence of trade. Assuming that Cuba is
    14·1 answer
  • Think of a successful business and research the founding of that business. What successes could you learn about from that busine
    12·1 answer
  • an analyst gathered the following data about a company: 1,000 common shares are outstanding (no change during the year). net inc
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!