Suppose that the alternative uses of an hour of your time in the evening, ranked from best to worst, are (1) study economics, (2i) watch two half-hour tv sitcoms, (3) play pool, and (4) jog around town. you can only choose one activity. what is the opportunity cost of studying economics for one hour, given this information?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose that the alternative uses of an hour of your time in the evening, ranked from best to worst, are (1) study economics, (2i) watch ...” 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
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.
Answers (1)
In the order fulfillment process, which step entails putting an order in the system? A. Fill the order. B. Enter the order. C. Recive the order. D. Document teh order.
Answers (1)
Economists in Funlandia, which has a closed economy, have collected the following information about the economy for a particular year: Y = 12,500 C = 9,000 T = 2,100 G = 2,200 The economists also estimate that the investment function is: I =
Answers (1)
What function is money serving when you buy a ticket to a movie? a. a store of value b. a medium of exchange c. a unit of account d. a flow of funds
Answers (1)
A company produces 500 microwave ovens per month, each of which includes one electrical circuit. The company currently manufactures the circuits in-house but is considering outsourcing the circuits at a contract cost of $28 each.
Answers (1)
New Questions in Business
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)
In 2016, teller company sold 3,000 units at $600 each. variable expenses were $420 per unit, and fixed expenses were $240,000. what was tellers 2016 net income?
Answers (1)