Mumi9039 Mumi9039

13-12-2019
Business

contestada

Suppose Mike has three hours of time to spend so he ranks the following activities in order of priority: (1) see a movie, (2) attend a ball game, (3) study economics. Assume that each activity takes three hours. What is Mike's opportunity cost of seeing the movie?

Respuesta :

innthomas00158 innthomas00158

14-12-2019

Answer:

Mike's opportunity cost of seeing a movie is 2) Attend a ball game.

Explanation:

Opportunity cost refers to the immediate loss when an option is chosen. Or what should have been chosen in it's place. In this case, the second best option(attending a ball game) is the opportunity cost.

Answer Link

Otras preguntas

The Inheritance Games: Where was the secret passage located in Avery´s room in which Jameson used to visit Avery?

Cyanocobalamin is just another word for Vitamin B12 deficiency. Remember that B12 deficiency can occur with "atrophic gastritis" (also remember that B12 def = ↑

a person who participates in a trial as a pro se litigant is somebody who has professional expertise in the conduct of a jury trial. group of answer choices a-t

What is the special fee that is applied when a cash advance is taken out on most credit cards?

Given the following balanced reaction, how many moles of iron are needed to completely react with 4.6 moles of oxygen gas? 4 Fe(s) + 3O2(g) = 2Fe2O3(g) R

_____ is not a function of dna polymerase.

(Look at photo for question) Triangles FIM and LAK below are similar, with mZF = m/L and mZM M L What is the length of LA? A. 8 B.18 C. 10 D. 2

Major Milestones in Cognitive Development Early Objective Use

this self-portrait, the painter is shown in a cap and overcoat, with a bandage that extends under his chin covering his ear. Who created this piece of art? A.

A contestant in a winter sporting event pushes a 45.0 kg block of ice across a frozen lake. Calculate the minimum force he must exert to get the block moving?