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
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.

You might be interested in
indirect materials are those used that enter into and become a major part of the finished product true or false
Hitman42 [59]
Yes it is true and it is correct
3 0
3 years ago
A business has a key person insurance policy. Who or what would be the beneficiary of the policy ? A. The children of the key pe
Masja [62]

Answer: the business

Explanation:

A P E X

6 0
3 years ago
Read 2 more answers
If a product's demand rises as income rises, ceteris paribus, the product is
Morgarella [4.7K]

Answer:

The answer is D because...

Explanation:

if you think about it if the income is rising and so is the products demand then it would be considered an inferior but then it says "ceteris parbus, the products is..." then the name of that would onesty be D

7 0
3 years ago
An investment offers $6,700 per year for 15 years, with the first payment occurring one year from now. a. If the required return
maksim [4K]

Answer:

a.$65,072.07

b.$100,810.19

c.$110,254.18

d.$111,666.67

Explanation:

a. The value of investment today if payment per year of $6,700 is made for 15 years is given as follows:

Present value today=R[(1-(1+i)^-n)/i]

Where

R=payment to made yearly=$6,700

i=interest per annum=6%

n=number of payments=15

Present value today=6,700[(1-(1+6%)^-15)/6%]=$65,072.07

b. The value of investment today if payment per year of $6,700 is made for  40 years is given as follows:

Present value today=6,700[(1-(1+6%)^-40)/6%]=$100,810.19

c. The value of investment today if payment per year of $6,700 is made for 75 year is given as follows:

Present value today=6,700[(1-(1+6%)^-75)/6%]=$110,254.18

d. The value of investment today if payment per year of $6,700 occurred forever

Present value today=P/i=6,700/6%=$111,666.67

where P=6,700, i=6%

8 0
3 years ago
_______ refers to anything that occurs as part of a daily business of which a record must be kept. investment value chain analys
wlad13 [49]

Answer:

Transaction.

Explanation:

Transactions are the individual business activities a company undertakes in order to make profit.

For a business to effectively track business success it needs to record every transaction that occurs. The records are now analysed to determine if profit is being made or not.

6 0
3 years ago
Other questions:
  • Money is a productive asset. Its opportunity cost is:
    5·1 answer
  • sells subscriptions for $ 120 for 30 issues. The company collects cash in advance and then mails out the magazines to subscriber
    11·1 answer
  • The supreme court decision that struck down the quota system was
    11·1 answer
  • A company's fixed operating costs are $370,000, its variable costs are $3.25 per unit, and the product's sales price is $5.65. W
    13·1 answer
  • ____ materials are designed to get you to buy a product or service.
    8·1 answer
  • Sales revenue $900,000 Cost of goods sold 625,000 Sales discounts 30,000 Sales returns and allowances 15,000 Operating expenses
    11·2 answers
  • Personal finance and I need help
    7·1 answer
  • Suppose that real GDP equals $10 trillion, nominal GDP equals $20 trillion, and the aggregate price level equals 2.
    15·1 answer
  • Is gender pay gap logical ? If so, kindly explain. <br> Thanks.
    8·1 answer
  • Ian loaned his friend $30,000 to start a new business. He considers this loan to be an investment, and therefore requires his fr
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!