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Dmitry [639]
3 years ago
7

You pay $75 for a ticket to a Drake concert. You think the ticket is worth $100. The night before the concert your friend offers

you a free ticket to a Post Malone concert that you think is worth $80. What is the opportunity cost to you of going to the Drake concert instead of the Post Malone concert?a) $155b) $20c) $5d) $75e) $80
Business
1 answer:
lukranit [14]3 years ago
5 0

Answer: $80

Explanation:

The opportunity cost is regarded as the real cost of the alternative that was left or forgone.

Based on the information given in the question, the opportunity cost is the free ticket to a Post Malone concert that is worth $80 which was given to me by my friend.

Therefore, the correct option is E.

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When Harriet went away for the summer, Landry, a house painter, painted her house. He had a contract to paint a neighbor’s hou
Goshia [24]

No, Because Harriet had no knowledge of the painting for her house, While there was an added benefit. There is no quasi-contract at all.

6 0
3 years ago
Product B has revenue of $39,500, variable cost of goods sold of $25,500, variable selling expenses of $16,500, and fixed costs
Kay [80]

Answer:

We should discontinue Product B

Explanation:

We should check if Product B generates a contribution or not:

We subtract from the sales revenues the variable cost:

revenue                                   39,500

variable cost of goods sold   (25,500)

variable selling expenses   <u>   (16,500) </u>

Contribution                              (2,500)

<em>As the contribution is negative, we should discontinue </em>Product B as is less expensevely to stop production than continue.

3 0
3 years ago
Whenever there is a shortage at a particular price, the quantity sold at that price will equal:_____.
Luda [366]

Whenever there is a shortage at a particular price, the quantity sold at that price will equal <u>more than the quantity supplied at that particular price.</u>

<u />

Magnitude (how a lot) and multitude (what number of), the two primary types of portions, are similarly divided as mathematical and bodily. In formal terms, quantities—their ratios, proportions, order, and formal relationships of equality and inequality—are studied by using arithmetic.

Quantity, similar to variety, can be used for singular or plural nouns that you may depend on or degree. the principle distinction is that it is satisfactory to apply an amount whilst you're speakme approximately an inanimate object. but, there are instances wherein you may use quantity and wide variety interchangeably, especially whilst the noun is plural.

Quality is a judgment of how exceptional something or a person is. An example of best is a product that might not ruin without problems. An example of nice is a nicely-made product. diploma or grade of excellence.

Learn more about quantity here brainly.com/question/809966

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7 0
1 year ago
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7nadin3 [17]

Answer:

A. that involves double-counting.

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6 0
3 years ago
What can be a benefit of using interviews to select employees to hire
sashaice [31]

Answer:

To make sure they have experience and know what they are doing

8 0
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