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Kay [80]
3 years ago
8

Every society faces trade-offs because we live in a world of scarcity. Suppose a student athlete has the opportunity to earn $20

0,00 next year playing for a minor league baseball team, $900,000 next year playing for a European professional football team, or $0 returning to college for another year The opportunity cost of the student athlete returning to college next year is $______.
Business
1 answer:
grandymaker [24]3 years ago
6 0

Answer:

Opportunity cost 900,000

Explanation:

The opportunity cost is the cost of the best alternative rejected, in order to do the pcurrent porohect.

The student, if picked to return on collegue, the opportunity cost will be the rejected baseball team or the rejected football team.

In this case, given two alternatives:

one for 20,000

and one for 900,000

the opportunity cost will be of 900,000 as is the best alternative

The opportunity cost for return to college will use this cost.

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On June 15, Harper purchased equipment for $100,000 from Imperial Corp. and signed for the goods as President of the company. He
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<u>Full question:</u>

On June 15, Harper purchased equipment for $100,000 from Imperial Corp. for use in its manufacturing process. Harper paid for the equipment with funds borrowed from Eastern Bank. Harper gave Eastern a security agreement and financing statement covering Harper’s existing and after-acquired equipment. On June 21, Harper was petitioned involuntarily into bankruptcy under Chapter 7 of the Federal Bankruptcy Code. A bankruptcy trustee was appointed. On June 23, Eastern filed the financing statement. Which of the parties will have a superior security interest in the equipment?

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<u>Answer:</u>

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Eastern has a higher security interest because Eastern amended its security interest inside the allowable time deadlines. A perfected security interest in any security interest in an asset that cannot be demanded by any other party.  

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