Suppose you have a choice of working full-time during the summer or going full-time to summer school. Summer tuition and books are $2,200. If you worked, you could make $7,000. Your rent is $1,000 for the summer, regardless of your choice. The opportunity cost of going to summer school is, therefore,
A. $7,000
B. $10,200
C. $8,000
D. $9,200
E. $2,200
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose you have a choice of working full-time during the summer or going full-time to summer school. Summer tuition and books are $2,200. ...” 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
Select all that apply. Information on a résumé includes each of the following: date of birth education past employment references
Answers (1)
4. What is risk tolerance? ...
Answers (1)
What steps can Booker take to improve his credit score? Check all that apply. make all of his loan and credit card payments on time apply for more credit cards check his credit history for accuracy avoid making payments on his loans find a second
Answers (1)
Swifty Corporation's allowance for uncollectible accounts was $187500 at the end of 2017 and $180500 at the end of 2016. For the year ended December 31, 2017, Swifty reported bad debt expense of $32800 in its income statement.
Answers (1)
Aiyanna's pizzeria faces a linear downward sloping demand curve and is charging a very high price per pizza initially. They are doing very little business. Aiyanna decides to lower pizza prices 5% per week for an indefinite period of time.
Answers (1)
New Questions in Business
Which of the following is a disadvantage of the sole proprietorship form of ownership
Answers (2)
Products that are essential for life, such as water or groceries, yield more marginal utility than rare products, such as diamonds or luxury vehicles. A. True B. False.
Answers (1)
Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost.
Answers (1)
Which of the following is true of internal recruiting? a. It increases recruitment time and costs. b. It targets job applicants that do not currently work for the organization. c. It improves employee commitment and morale. d.
Answers (2)
In a perpetual average cost system: a. The average is determined by dividing the total number of units sold by the cost of units purchased during the period. b. A new weighted-average unit cost is calculated each time additional units are purchased.
Answers (1)