The opportunity cost of producing 3 military outfits is -30.
The opportunity cost of producing 4 military outfits is -35.
The opportunity cost of producing 5 military outfits is -50.
As military outfits increase, the opportunity cost decreases.
<h3>What is opportunity cost?</h3>
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. It is the number of consumer products that would not be produced when a producer decides to produce military outfits instead.
<h3>What is the opportunity cost of producing military outfits?</h3>
Opportunity cost = change in consumer products / change in military
The opportunity cost of producing 3 military outfits = (85 - 115) / (3 - 2) = -30
The opportunity cost of producing 4 military outfits = (50 - 85) / (4 - 3) = -35
The opportunity cost of producing 5 military outfits = (0 - 50) / (5 - 4) = -50
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Answer:
31.1126983722
Step-by-step explanation:
130 degrees. The whole line is supposed to equal 180 so 180-50 is 130
Question: A Football Team Charges $30 Per Ticket And Averages 20,000 People Per Game. Each Person Spends An Average Of $8 On Concessions. For Every Drop Of $1 In Price, The Attendance Rises By 800 People. What Ticket Price Should The Team Charge To Maximize Total Revenue? Calculate The TR Max.
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A football team charges $30 per ticket and averages 20,000 people per game. Each person spends an average of $8 on concessions. For every drop of $1 in price, the attendance rises by 800 people. What ticket price should the team charge to maximize total revenue? Calculate the TR max.
$50
