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artcher [175]
3 years ago
7

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

$1 comma 000 comma 0001,000,000 next year playing for a minor league baseball​ team, ​$500 comma 000500,000 next year playing for a european professional football​ team, or​ $0 returning to college for another year.
Business
2 answers:
Leokris [45]3 years ago
8 0

Answer: Opportunity cost of returning to college next year is $1,000,000.

Explanation: Opportunity cost is the cost of the next best alternative sacrificed or foregone. When the athlete chooses to join college he is sacrificing his income that could be earned from playing the game. The player has the option of playing for the minor league baseball team for $1,000,000 or for European professional football team for ​$500,000. The person thus has a choice between playing for the minor league baseball team (since it is the highest paying) or going to college. Thus the opportunity cost of going to college will be $1,000,000.

GrogVix [38]3 years ago
6 0

Answer:

The earnings will generally be at $ 1 000 000.

Explanation:

A student, while playing for the league, will be earning the amount of $ 1 000 000. In addition, the European conditions will subject him to $ 500 000. In the third year, the student will not have earnings anymore. To make the most profit, the student needs to play professional baseball for the tune of $ 100 000.

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Invertebrates have a (an) ____ which provides a support framework.
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8 0
3 years ago
Three different areas of life of VLOOKUP
Nadya [2.5K]

Answer and Explanation:

The three different areas fo VLOOKup is as follows

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2. The list of lookup that represents the database i.e employees list who are working in an organization

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6 0
3 years ago
For this question, assume that the Phillips curve equation is represented by the following: πt − πt−1 = (m + z) − αut. Which of
likoan [24]

Answer:

Correct option is C

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3 0
3 years ago
rental apartments and private homes are examples of what? complementary goods, alternativebgoods, neutral goods, simultaneous go
denis-greek [22]

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Hope this helps! I got it correct also so I know its correct!

5 0
3 years ago
On January 1, 2015, Brooks Inc. borrows $90,000 from a bank and signs a 5% installment note requiring four annual payments of $2
Black_prince [1.1K]

Answer:

The journal entry which is to be recorded for the first installment payment on the note is shown below:

Explanation:

The journal entry is as on December 31, 2015

 Interest Expense A/c.................Dr  $4,500

Notes Payable A/c.......................Dr  $20,881

              Cash A/c..............................Cr   $25,381

Working Note:

Interest expense = Borrowed amount × 5%

= $90,000  × 5%

= $4,500

Note Payable = Cash - Interest expense

= $25,381 - $4,500

= $20,881

5 0
3 years ago
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