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
allsm [11]
3 years ago
13

Suppose tickets for a regular seat at Super Bowl XXXVII cost just $500 when bought at face value (the cost at the box office). S

calpers (people who buy tickets at face value and sell them at higher prices), however, sell tickets for $2,000 or more. The opportunity cost of attending the Super Bowl with a regular ticket is:a.2,500.b. None of the other choices is correct.c. $2,000.d. $1,500e. The monetary price paid to obtain the ticket.
Business
1 answer:
kakasveta [241]3 years ago
6 0

Answer:

e. The monetary price paid to obtain the ticket.

Explanation:

The opportunity cost represent the best rejected alternative of the resources used.

If a person goes to the Super Bowl, the opportunity cost is any other entertainment show it renounce to see and any other use of the 500 dollar it used to acquire the ticket.

You might be interested in
Use the as/ad model to describe the effect of each of the following events on the economy of snezhanka (a fictitious nation). be
marusya05 [52]

The following would happen

  • Aggregate income would increase for households. They would have a rise in output.

<h3> taxes on households are decreased</h3>

When the taxes are decreased, the households would have a rise in their purchasing power. Their output would go up form q to q2.

<h3> taxes paid by firms are decreased</h3>

The cost of the firms production is going to fall. The firm would then be able to raise their production hence increasing their supply. Output would rise and price level would fall.

<h3>the value of the national currency, the snezhankan lev, declines in the international currency market?</h3>

If the value of the currency should fall, then it would cause the demand for foreign goods to rise then there would be a new equilibrium in the market.

<h3> a revolutionary new machine, the apparat, increases worker productivity</h3>

An increase in productivity would raise supply for the producer hence bringing about a new rise in the price level.

Read more on aggregate demand and aggregate supply here:

brainly.com/question/25749867

#SPJ1

4 0
2 years ago
Which of the following describes the effect of the purchases that consumers
vichka [17]
The answer is C) indicate their desires to producers
5 0
3 years ago
Read 2 more answers
An electronics company wants to use a type of Cloud computing architecture that would enable them to use Microsoft Azure as a pl
Murljashka [212]
The first thing that was a good app is the app it needs a little bit of the app and it keeps crashing when it gets fixed it will update the game to a new version and it will not work again for a while to get it fixed it is fixed for a while so it won’t be a long line of the game I
8 0
3 years ago
Fake news is defined as intentionally or unintentionally misleading information presented as factual news
Setler79 [48]
The answer is Intentionally
4 0
3 years ago
Which of the following statements is NOT correct? Multiple Choice The description of a journal entry should include a reference
Rom4ik [11]

Answer:

The credit portion of a general journal entry is always recorded first.

Explanation:

A journal entry involves the process of keeping the records of business transactions made by an organization.

The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

Also, the total amount of money credited must equal the total amount of money debited.

The following statements are correct and true about the general journal;

I. The description of a journal entry should include a reference to the source of the information contained in the entry.

II. If goods are purchased on credit, the supplier's invoice number is used as the source document for the transaction.

III. A firm should be able to trace amounts through the accounting records and back to their source documents.

5 0
3 years ago
Other questions:
  • Firm A and Firm B are the only two companies that sell mail-order DVD rental subscriptions. For several years, Firm A priced its
    6·1 answer
  • You believe you will need to have saved $590,000 by the time you retire in 30 years in order to live comfortably. If the interes
    7·2 answers
  • Question 1 of 10
    7·2 answers
  • TR Trucking Company runs a fleet of​ long-haul trucks and has recently expanded into the​ Midwest, where it has decided to build
    9·1 answer
  • Martin transfers real estate with an adjusted basis of $260,000 and fair market value of $350,000 to a newly formed corporation
    9·1 answer
  • What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at y
    10·1 answer
  • An IT department recently had its hardware budget reduced, but the organization still expects them to maintain availability of s
    5·1 answer
  • At the time of the case (2001-02), the cell phone industry is known for very high customer dissatisfaction. Despite most carrier
    8·1 answer
  • Do you think I would be a successful you-tuber?
    14·1 answer
  • The Americans with Disabilities Act requires that employers make reasonable accommodations for individuals with disabilities. Ho
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!