Answer:
The opportunity cost of going to see the Star Wars movie on Friday is $35.
Step-by-step explanation:
You won a free ticket to see the latest Star Wars movie this Friday night with a face value of $15.
Tickets to see your favorite band cost $30, and on any given day, you would be willing to pay as much as $50 for a ticket.
So, the opportunity cost of going to see the Star Wars movie on Friday =
dollars
Answer:
b. 8,800,000.
Step-by-step explanation:
In maria study the number of cars on the road increases by 10% each year.
Total number of cars in the first year =80 million cars.
We will add 10% of 80 million to 80 milion to enable us get the number of cars for the second year.
For year 2 we have;
10% of 80,000,000+80,000,000
8,000,000 + 80,000,000
88,000,000
number of cars in year 2 = 88 million
We will add 10% of 88 million to 88 milion to enable us get the number of cars for the third year.
8,800,000+88,000,000
96,800,000
the number of cars on the road in year 3 compared to year 2 will just be the increase which is in BOLD. That is 8,800,000
<em>or simply subtract the number of cars in year 2 from that in year 3;</em>
96,800,000-88,000,000 = 8,800,000
