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Tony decided to visit his parent in San Diego during the long weekend. He has two options. Either he can take a flight or carpool with his friends. The flight cost is $200 and it takes 3 hours to reach home. Carpool cost is $100 and he will reach home in 8 hours.
(a) He decides to carpool with his friends. What is the opportunity cost of his decision?
(b) He decides to take a flight. What is the opportunity cost of his decision?
q1. i cant seem to figure out how to calculate. if you given the amount of money an individual will earn during their
Suppose your favorite band is on tour and coming to your area. Tickets are $100, and you take a day off from work, which you would have earned $60. What is your opportunity cost of going to the concert?
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Write down the decision box which combines the letter grade also the amount of fun you have into a single payoff for each outcome.
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Suppose you deposit $10,000 in a savings account that earns 8% nominal annual rate for 5 years. The interest will be compounded semi-annually. What are the periodic and the effective annual rates? What is the amount of money in the account at the end..
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