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
bonufazy [111]
2 years ago
12

If you receive a ticket to a concert at no charge, what, if anything, is your opportunity cost of attending the concert?

Business
1 answer:
spin [16.1K]2 years ago
7 0

Answer:

The opportunity cost of attending the concert=$0

Explanation:

An opportunity cost is the total monetary loss that one has when they choose a given option. It can also be defined as the gain that one misses when the individual or business chooses one alternative over the other. Opportunity costs are not heavily considered in financial reports, however individuals or businesses who have the opportunity to choose from many alternatives at the same time need to consider the opportunity cost to make a more valuable decision in the long-run. Opportunity costs helps individuals and businesses to make better decisions on the options they have at their disposal.

The opportunity cost can be Determined using the following expression;

OC=FO-CO

where;

OC=opportunity cost

FO=return on best forgone option

CO=return on chosen option

Since in our case, the forgone option was not attending the concert, the cost would be=0

Also since the chosen option was the ticket at no charge, the cost would be=0

In our case;

OC=unknown

FO=0

CO=0

replacing;

OC=0-0=0

The opportunity cost of attending the concert=$0

You might be interested in
A corporate bond with a 6.5 percent coupon has 15 years left to maturity. It has had a credit rating of BBB and a yield to matur
Scrat [10]

Answer:

Price change in dollars = $104.22

% decrease in price of dollars = 11.13%

Explanation:

We assume the corporate bond have a face value of $1,000

Face Value = $1000

Coupon = 6.5%*1000/2 =32.50

Number of Periods = 15*2 =30

Semi annual rate of BBB bond = 7.2%/2 =3.6%

Price of BBB Bond = PV of Coupons + PV of Par Value =

Price of BBB Bond = 32.50*(((1-(1+3.6%)^-30)/3.6%)+1000/(1+3.6%)^30

Price of BBB Bond = $936.43

Semiannual Discount Rate for BB bond = 8.5%/2 = 4.25%

Price of BB Bond = PV of Coupons + PV of Par Value

Price of BB Bond = 32.50*(((1-(1+4.25%)^-30)/4.25%)+1000/(1+4.25%)^30

Price of BB Bond= $832.21

Price change in dollars = $936.43 - $832.21

Price change in dollars = $104.22

% decrease in price of dollars = $104.22 / $936.43

% decrease in price of dollars = 0.111295025

% decrease in price of dollars = 11.13%

6 0
3 years ago
Real GDPa.is the current dollar value of all goods produced by the citizens of an economy within a given time. b.measures econom
Gre4nikov [31]

Answer:all of the above are Correct (D)

Explanation:

Real GDP is a macro economic statistics that measure the value of the goods and services produced by an economy in a specific period , adjusted for inflation. Government use both minimal and real GDP as metrics for analyzing economic growth and purchasing power over time.

3 0
3 years ago
How can the Richards bay minerals improve on high crime rate
STatiana [176]
The richard bay minerals could improve on high crime rate by requesting support/assistance from the local government. With the support, they manage to handle most of the crime activities and maintaining their productivity at the same time. Currently, they are winning against the crimes<span />
5 0
3 years ago
The two general kinds of trade barriers are _____.
lana66690 [7]
I think the answer is A
3 0
3 years ago
Who is primarily responsible for determining the market value of the home you want to buy?
andreev551 [17]

Answer:

there is no "individual" person or a central authority that dictates the market value of a home, instead, it is influenced by several market conditions and factors such as,

External characteristics: home condition, lot size, popularity of an architectural style, water or sewage systems, sidewalk, paved road and so on.

Internal characteristics: size and number of rooms, construction quality, appliance condition, heating type, energy efficiency and so on.  

Supply and demand

Location

Explanation:

6 0
3 years ago
Other questions:
  • In 2001, puerto rico enacted a law that requires specific labels on cement sold in puerto rico and imposes fines for any violati
    15·1 answer
  • Plush Corporation purchased 100 percent of Common Corporation’s common stock on January 1, 20X3, and paid $450,000. The fair val
    11·1 answer
  • Negative performance reviews that lack measurable and realistic goals are most likely to
    13·1 answer
  • What are the criteria for distinguishing between a deductible expense and a capital expenditure?
    9·1 answer
  • George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufactu
    6·1 answer
  • fowler credit bank is offering 6.7 percent compounded dailyon its savings accounts. If you deposit $7000 today, how much will yo
    12·1 answer
  • What has happened with the GDP of Indonesia over the past 2 to 3 years?
    5·1 answer
  • In order to start a successful company, it is important to rely on other people to do all the work for you. True False​
    14·2 answers
  • Select the strategies that help to lower the number of search results returned by a search engine or database. (there is more th
    10·1 answer
  • snowpeak ski resort offers a price for a lift ticket that is barely over its marginal cost, but the high equipment rental fee ke
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!