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
irina1246 [14]
3 years ago
7

You purchase a $30, nonrefundable ticket to a play at a local theater. Ten minutes into the show you realize that it is not a ve

ry good show and place only a $10 value on seeing the remainder of the show. Alternatively you could leave the theater and go home and watch TV or read a book. You place an $12 value on watching TV and a $8 value on reading a book. 1.You should go home and watch TV. 2.You should go home and read a book. 3.You should stay and watch the remainder of the show. 4.You should go home and either watch TV or read a book.
Business
1 answer:
Murljashka [212]3 years ago
3 0

Answer:

1) You should go home and watch TV.

Explanation:

Since you value seeing the play $10, then you should leave the theater and go to your house to watch TV since that has a higher value for you ($12).

We are talking about opportunity costs here. Opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another. In this case the opportunity costs are:

  • watch the play = $10
  • watch TV = $12
  • read a book = $8

Since watching TV is more valuable to you, then that is what you should be doing.  

You might be interested in
What can studying how people get along with each other do
Elenna [48]

It can see how well certain people work together or by themselves and see how they react to certain things people say or do and see who they get along with.

Hope that helps!! ;)

Brainliest??


7 0
3 years ago
Elaine wants to buy and operate an ice-cream truck but doesn’t have the financial resources to start the business. She borrows $
solmaris [256]

Answer:

In financial terms, Jerry is a shareholder of Elaine's ice cream business and George is a bondholder.

Explanation:

Jerry is entitled to 33.3% of Elaine's ice cream business profit, so he owns a share of the businesses profit.

Elaine has to pay George $700 in interest for the money he lent her, the $700 would be the coupon and $10,000 the bond value.

5 0
3 years ago
Activity Levels Used to Compute Overhead Rates Reggie Wilmore has just started a new business-building and installing custom gar
Olenka [21]

Answer:

1. $3.18 and $2.55

2. expected annual activity

Explanation:

The computation of the predetermine overhead rate is shown below:

1. For Expected actual activity, it is

= (Overhead for the coming year) ÷ (completed jobs × direct labor hours)

= ($15,600) ÷ (140 jobs × 35 direct labor hours)

= $3.18

And, for  Theoretical activity, it is

= (Overhead for the coming year) ÷ (completed jobs × direct labor hours)

= ($15,600) ÷ (175 jobs × 35 direct labor hours)

= $2.55

2. Based on the predetermined overhead rate, the expected actual activity has highest predetermined overhead rate as compared to the theoretical activity

So the Reggie should use the same

5 0
3 years ago
Which of the following is not a legal restriction related to profit distributions by a corporation?
Mamont248 [21]

Answer:

b. The amount distributed in any one year can never exceed the net income reported for that year.

Explanation:

If the companys had 100,000 net income per year during 10 year

His retained earnings amount will be 1,000,000

Then, suppose next year income is also 100,000

The company is not doing anything wrong if it distribute dividends for 400,000 as their retained earnings can afford this dividends

8 0
3 years ago
Option A requires eight years of higher education and $80,000, while option B
Tju [1.3M]

Answer:

A less,less

Explanation:

because option A requires 8 year of higher education and $80,000. but option B only requires four years of higher education and $40,000

8 0
3 years ago
Other questions:
  • URGENT!
    15·1 answer
  • A, B and C form X Corporation by transferring the following assets, each of which has been held long-term:
    11·1 answer
  • What role do individuals play in a capitalist system?
    15·1 answer
  • By what amount would net income differ if bad debt expense was computed using the percentage-of-receivables approach? Assume tha
    5·1 answer
  • Income Statement. A firm’s income statement included the following data. The firm’s average tax rate was 20%. (LO3-1) Cost of go
    11·1 answer
  • According to the assumptions of CVP, ______ will not change as the volume of a product increases or decreases. total variable co
    11·1 answer
  • An organization process that results in increasing the size of working memory and involves combining smaller units of informatio
    10·2 answers
  • What is the percentage loss on the funds she invested if the interest payment is included in the calculation
    7·1 answer
  • Which of the following statements is not a characteristic of the LIFO method of pricing inventory? During a period of falling pr
    9·1 answer
  • Use the drop-down menu to complete each statement.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!