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Mkey [24]
3 years ago
12

You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months a

go. Recently, you saw that StubHub was listing similar seats for $225 apiece. What does it cost you to attend the concert?
Business
1 answer:
dusya [7]3 years ago
4 0

Answer: $450

Explanation:

Total tickets purchased = 2

The cost of one ticket three months ago = $100

Current price of one ticket = $225

Total cost of two tickets = $225 × 2

                                        = $450

The opportunity cost is the benefit that is foregone by selecting some other alternative. So, here two options are available that either attend the concert or resell the ticket at $450. Therefore, the opportunity cost of attending the concert is $450.

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liubo4ka [24]

Statistics

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4 0
3 years ago
Which of the following is a suggested policy on executive smartphone use?
azamat

Answer:

B. all of the above

Explanation:

Suggested policy on executive smartphone use:

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3 0
3 years ago
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ArbitrLikvidat [17]

Answer:

b. has no-par value stock.

Explanation:

Additional paid-in capital represents the amount of money that shareholders have paid for their shares of stock, in excess of the par value of the stock. This is most likely to occur with no-par value stock, which has no set value assigned to each share.

7 0
2 years ago
When is it not necessary to build a new market supply schedule?
ss7ja [257]
<span>It is not necessary to build a new market supply schedule </span><span>when there is a change in the price of a good
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5 0
3 years ago
Read 2 more answers
An economics student makes the following statement: "It's easy to understand why the aggregatedemand curve is downward sloping:
mafiozo [28]

<u>Answer</u>:

<u>True</u>

Explanation:

Indeed, the economics student was mistaken because aggregate demand <em>follows a pattern</em> that when prices rise, consumer wealth declines, the interest rates rise, and exports become more expensive thus leading to a downward sloping of the aggregate demand curve.

Therefore, the second statement is correct (True) for saying the economics student was wrong in his statement.

5 0
3 years ago
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