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stiks02 [169]
3 years ago
12

Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him

and says, "actually, this concert will cost you more than $60 since you have to miss work." His friend is referring to the _________________.Select the correct answer below:a) economies of scaleb) budget constraintc) opportunity costd) opportunity set
Business
1 answer:
Kruka [31]3 years ago
3 0

Answer:

C) opportunity cost

Explanation:

Opportunity costs are the costs incurred (or benefits lost) from choosing one activity or investment over another alternative.

In this case, Bobby will spend $60 in the concert ticket, but he is also not going to be able to work and earn his salary for the day (or afternoon). That lost salary is the opportunity cost of deciding to go to the concert instead of working.

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Megg Stallion wants to open an account with a balance of about 300, issued checks 50, and makes 6 deposits each month. Which ban
Zigmanuir [339]

Answer: Regular checking account with a monthly fee $4 for an unlimited number of checks,no monthly balance required and no interest earning.

Explanation:

I searched further online and got the options. The correct option will be "Regular checking account with a monthly fee $4 for an unlimited number of checks,no monthly balance Required and no interest earning"

Since Megg has an opening balance of 300, she can't open a account that requires a minimum balance of 400. Likewise, it'll be unwise to charges $6 monthly when the balance in the account falls below 300.

Therefore, she should open this account with a monthly fee of $4 and no minimum monthly balance required since the cost of keeping the account is cheaper and better than others.

8 0
2 years ago
Alexandra is a veterinarian employed by Fast Vet Services. Susan is a self-employed veterinarian. During the current year, Alexa
melomori [17]

Answer/Explanation:

Susan's veterinary expenses are deductible for adjusted gross income

because she is self-employed and at the same time her vet practice constitutes a business.

Therefore, all of her veterinary expenses are deductible for adjusted gross income.

Alexandra is said to be in a trade or business as an employee and

the unreimbursed expenses of an employee are deducted as miscellaneous itemized deductions.

Therefore, Alexandra only benefits if she itemizes her deductions while Susan will always get the full benefit of the deduction.

3 0
2 years ago
When will diversity affect the workplace?
DochEvi [55]
It already does affect the workplace.
8 0
3 years ago
Read 2 more answers
The market risk premium is defined as __________. the difference between the return on an index fund and the return on Treasury
Paha777 [63]

Answer:

The difference between the return on an index fund and the return on Treasury bills

Explanation:

The market risk premium explains critically the difference between an expected return on a given market portfolio and the risk-free rate.

It is also the additional return a given investor will receive (or is expected to gain) from holding a risky market portfolio instead of risk-free assets.

6 0
3 years ago
Minneapolis, MN has a CPI of 173. Anchorage, AK has a CPI of 226. How does the purchasing power of someone in Minneapolis earnin
nikdorinn [45]

Answer:

The answer is: C) The person living in Anchorage has $50.80/CPI more than the person in Minneapolis.

Explanation:

The Consumer Price Index (CPI) weighs the average prices of a basket of consumer goods and services. So the higher the CPI, the more expensive it is to purchase goods or services in that place.

The purchasing power of someone living in Minneapolis and earning $42,500 is $245.66/CPI; for someone living in Anchorage and earning $67,000 is $296.46/CPI. The difference between them is $296.46/CPI minus $245.66/CPI equals $50.80/CPI.

The person living in Anchorage has $50.80/CPI more than the person in Minneapolis.

6 0
3 years ago
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