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sergejj [24]
3 years ago
7

Saturday afternoon you can either attend a street festival, work and earn $100, or study for your midterm exam. You flip a coin

between the street festival and studying, but did not really consider working. The coin flip determined that you would stay home and study. The opportunity cost of the time spent studying includes: Multiple Choice 1) the time you spent deciding upon using a coin flip to determine your Saturday afternoon activity 2) the benefit that could have been received at the street festiv 3) earning a high score on your midterm.
Business
1 answer:
Alik [6]3 years ago
5 0

Answer:

The opportunity cost of the time spent studying includes: 2) the benefit that could have been received at the street festival

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.  It represent the <u>benefits that you misses out</u> on when choosing one alternative over another.  

In this case,  the cost of opportunity is the  benefit that could have been received at the street festival,  because that is the option you leave behind.

Earning a high score on your midterm is the product of your decision

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igomit [66]

Answer:

Cashier's check.

Explanation:

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The cashier's check can be sent out in form of a letter, fax or even a mail to the intended persons or organisation making the withdrawal.

Here, monies which are been orders are easily secured by use of a cashier’s checks.

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3 years ago
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6 0
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Vitek1552 [10]

Answer:

1. Positive Externality ; 2. Negative Externality ; 3. Positive Externality.

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Negative Externalities : Externalities positively effecting others . Eg-Pollution.

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C. Or at least that seems to be the most likely. There are only two similar possible answers which is normally a clue that one of them is wrong and you should be choosing based off how it will benefit you not how it is easier on you.

Hope this helps!

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