Answer:
Your opportunity cost of attending a game compared with the opportunity cost facing a college student 10 years ago is:
A) higher, because more games are televised today.
Opportunity costs are the cost of choosing one alternative from another.
In this case, when college students attend college football games they are unable to do other activities, not only while they are at the stadium or going to the stadium, but they are not able to purchase other goods. The cost of those alternatives that are lost are higher now because many college football games are televised now, before if you wanted to see a game you had to go to the game. So a student is now able to watch the game while doing other activities, or saving money for buying something else.
Can this change in opportunity cost account for the decline in college football attendance?
B) Yes, because these changes increase the opportunity cost of watching football games in person.
Even though opportunity costs do not involve actual cash payments, they are still important and individuals do consider them when they are choose one option over another. E.g. imagine if you had to choose between spending a considerable amount of money by attending a game (ticket, gas, beverages, etc.) or watching that game on TV and buying a few clothes instead or going on a date, etc. What option would you choose?
Answer:
$11,400
Explanation:
Calculation to determine What was Sallisaw's retained earnings balance at the end of April
First step is to calculate the Net income for the month of April
April Net income=$2,000+$900-$800-$700
April Net income=$1,400
Now let calculate the Retained earnings at the end of April
April Retained earnings=$10,000+$1,400=$11,400
April Retained earnings= $11,400
Therefore What was Sallisaw's retained earnings balance at the end of April is $11,400
Answer:
b. The more pizza Joe eats, the less he enjoys an additional slice
Explanation:
The law of diminishing marginal utility says that when a person consumes more and more unis, the marginal utility from additional units goes decrease as marginal utility is an additional units derived.
The graph of the law of diminishing marginal utility declines
As in the given scenario, the Joe eats more pizza, so if he enjoys an additional slice then from each additional slice he less enjoys than before
Answer:
initially the amount invested will be equal to $16211.420
Explanation:
We have given amount after 28 years A = $48613.24
Rate of interest is given = 4.05 %
Time period which takes for amount to be $48613.24 , n = 28 years
We have top find the initial investment, that is principal amount P
We know that future amount is given by 
So 
P = $16211.420
So initially the amount invested will be equal to $16211.420
