Skipping practice and going to fair

Assignment Help Business Economics
Reference no: EM131950203

Multiple Question: You work as an Assistant coach on the university basketball team and earn $12 per hour. One day you decide to skip the hour- long practice and go to the street fair instead, which has an admission fee of $7.

The opportunity cost of skipping practice and going to fair, valued in dollars, is?

Reference no: EM131950203

Questions Cloud

Calculate dane accounting profits : a. Calculate Dane's accounting profits b. Calculate Dane's economic profits
Cash flow of this change in marketable securities : Marketable securities at the end of the current quarter is $9.2 million. What is the impact on cash flow of this change in marketable securities?
Why were blacks anxious to leave the south : Why were Blacks anxious to leave the South? Where did they want to go and why? What marked the effective end of Reconstruction?
Describe taft model of presidency : Describe a leader whose model of presidency is similar to that of Roosevelt and Taft and the effects of this model to the political actions of the leader.
Skipping practice and going to fair : The opportunity cost of skipping practice and going to fair, valued in dollars, is?
Best fits into the financial area of investment : Which one of the following occupations best fits into the financial area of investment? (
Company basic business model is healthy : A good first measure (of the ones listed) of whether a company's basic business model is healthy and sustainable would be
Which do you feel is a better approach free or fair trade : The importance of trade continues to be a debated topic because the gains are not always quantifiable by those involved.
What are the returns on funds invested for bill and erica : International Fisher Effect Assignment - What are the returns on funds invested for Bill and Erica respectively? Please justify your explanation

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd