Matt and ann both decide to go to a concert with free tickets. we know that
a. neither bears an opportunity cost because the tickets were free.
b. the cost of going to the concert is greater for the one who had more choices to do other things.
c. both bear an opportunity cost since they could have done other things instead of see the concert.
d. both bear the same opportunity cost since they are doing the same thing.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Matt and ann both decide to go to a concert with free tickets. we know that a. neither bears an opportunity cost because the tickets were ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
General Product Inc. distributed 100 million coupons in 2018. The coupons are redeemable for 30 cents each. General anticipates that 70% of the coupons will be redeemed. The coupons expire on December 31, 2019.
Answers (1)
Sara shouppe has invested $100,000 in an account at her local bank. the bank will pay her a constant amount each year for 6 years, starting one year from today, and the account's balance will be 0 at the end of the sixth year.
Answers (1)
Which metrics drives revenue
Answers (1)
When money is used to compare the relative price of a burrito and a taco, money is being used as a A. measurement of inflation. B. unit of account. C. medium of exchange. D. store of value. Etoken of bartering.
Answers (2)
You are evaluating two different silicon wafer milling machines. The Techron I costs $276,000, has a three-year life, and has pretax operating costs of $75,000 per year.
Answers (1)
New Questions in Business
What is a great marketing strategy
Answers (2)
On January 1, 20X8, Package Company acquired 80 percent of Stamp Company's common stock for $280,000 cash.
Answers (1)
Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred.
Answers (1)
Suppose that cookie producers create a positive externality equal to $2 per dozen. What is the relationship between the equilibrium quantity and the socially optimal quantity of cookies to be produced? a. They are equal. b.
Answers (1)
Comfort Cloud manufactures seats for airplanes. The company has the capacity to produce 100,000 seats per year, but currently produces and sells 75,000 seats per year.
Answers (2)