If you receive a free ticket to a​ concert, what, if​ anything, is your opportunity cost of attending the​ concert?
a. the pleasure yielded by the concert cancels any costs.​ thus, there is no cost of any type.
b. since the ticket was a​ gift, there is no opportunity cost.
c. the next best activity that​ can't be done while attending the concert.
d. the concept of opportunity cost does not apply to intangibles like concerts.

Answers

Answer 1
Correct answer is "C". An opportunity cost is the the loss of the next best alternative when one alternative is chose. If two choices are mutually exclusive (you can have one but not the other), then choosing one means the loss of the other activity is the opportunity cost. Opportunity cost is not merely the money or financial cost difference between two options (choice b) but also covers the lost time (option d) or pleasure (option a) as another option may provide more of either (therefore having increased utility).

Related Questions

Checking for quality and paying creditors would fall within which two functional​ areas?

Answers

Checking for quality fall within MANUFACTURING AND PRODUCTION AREA while paying creditor fall within FINANCE AND ACCOUNTING AREA.
There are many functional areas in business, each functional area is responsible for performing specific functions.

In order to make up for a budget deficit, the government can do what?

Answers

The most appropriate method of which the government should do in having to make up with a budget deficit that have happened, they should issue bonds in which will make bonds stronger, making up with the budget deficit that had occurred.

The ________ is a document that includes an assessment of the marketing situation, marketing objectives, and marketing initiatives.

Answers

A Marketing plan Is the document.

"hunting for a job is a job in itself. use these helpful tips for a successful job search — like having the right attitude, networking, and researching the marketplace — to find and land a job in the career of your choice."

Answers

So, what's the question?..

herbert spencer believed that societies evolve from lower to higher forms because as generations pass, the most capable and intelligent members of society prosper, while the less capable die out. Spencer referred to this process as...
A. Survival of the fittest
B. Positivism
C. Social egalitarianism
D. The industrialization of society

Answers

Survival of the fittest

The correct answer is A. Survival of the fittest

Explanation:

"Survival of the fittest" was a term used by the English sociologist and biologist Herbert Spencer to describe the way natural selection occurs in human societies. This means, according to Spencer in human societies only the individuals that are fit or have both physical or genetical features to survive and reproduce prevail over time. In this way, according to Spencer's concept societies would change and improve over time as only those with high qualities such as intelligence will prosper while others would disappear. This idea derives from the proposal of Darwin about the evolution of species, although Spencer adapted it to human communities. Thus, the term Spencer use to refer to the process of evolution of societies was the Survival of the fittest.

The final task in designing a management information system (mis) is _____.

Answers

Final answer:

The final task in designing an MIS is to communicate results to the client or customer and making sure it fulfills their needs and expectations, with client focus and robust database management being critical for success.

Explanation:

Final Task in Designing a Management Information System (MIS)

The final task in designing a Management Information System (MIS) is to communicate results and ensure the appropriate client or customer is fully informed about the system. This includes confirming the system meets the expected requirements and ensuring end-user participation is considered. The emphasis on client focus, end-user participation, and robust database management is crucial. Without these, the system risks not satisfying the client's needs or failing to be utilized effectively by the end-user, leading to project failure. Database management should consider the metadata and the six essential components of data collection: what, how many, where, when, how, and who collected the data. To facilitate the successful implementation of MIS, it is recommended to involve a skilled database manager who can maintain the system and adapt it to evolving needs.

When inside a closed work environment, it's okay to openly talk with co-workers about pii?

Answers

No, i don't think so
In this context, PII stands for  personally identifiable information, which is a type of information that could be used to identify a certain individual, such as social security number. You don't know the true characteristic of your co-workers , so it is safer to keep your PII to yourself

Purchasing agents derive much of their power within the buying center through which role?

Answers

Purchasing agents by being the ones who control the money that a particular company spends in other words  the amount of money and which vendors are chosen therefore have significant economic power. Also they can influence the speed with which an order can be obtained partly by controlling which carriers pick it up and deliver it  and by explaining to the manufacturer the urgency of the order.Their role is that of the intermediary between the purchasing company and the vendors.

Name two levels of economic activities and explain the two levels that you choose.

Answers

This subpart applies to all open excavations made in the earth's surface. ... excavating the sides of an excavation to form one or a series of horizontal levels or steps ... "Faces" or "sides" means the vertical or inclined earth surfaces formed as a ... method of protecting employees from cave-ins by excavating to form sides

A low credit score can lead to A. lower monthly loan payments. B. denial of credit or loans. C. a more favorable interest rate. D. access to incentives.

Answers

The answer should be B

Answer:

B

Explanation:

Right on edge :))

Which best demonstrates the way consumers and producers influence each other in the free-market system?

Answers

The circular flow model is one example or the best model demonstration of explaining or show the model of producers and consumers in how they influence one another using the system of free market. This simplifies and shows the process of how consumers and producers affect one another.

A circular flow model.

What transactions are included in income from continuing operations? briefly explain why it is important to segregate income from continuing operations, from other transactions affecting income?

Answers

Transactions that are included in continuing operations are income from revenue,expenses, gains and losses.These are the components that will probably continue in future periods. It is important to segregate income from continuing operations from other transactions that affecting net income, because the information will help analysts predicts future cash flows.

John purchases a blender from juicemart. a crack in the plastic casing causes the blade to swing out of control and fly at john's arm. john is shaken up by the incident but otherwise uninjured. john's strict product liability suit will most likely:

Answers

John's suit is most likely going to fail because John did not suffer any harm or damage to his property. The fact that there was danger of harm and emotional damages is irrelevant in the eyes of the court.

The Law of Demand is called a law because

Answers

The Law of Demand is a microeconomic law that states, all other factors being equal, as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa. 

If you must apply for a loan, you should?

Answers

First have good credit.

Answer:

You should visit a loan officer at a financial institution and complete and application.

Explanation:

Correct on Odyssey.

When faced with a business problem, sally, a young grocery store owner, discusses business problems with don, the assistant manager and an employee for over 30 years. sally believes don "has seen it all" and knows there are few really new ideas; plus the business has done many simple things, such as offering friendly service, to create and maintain a competitive edge. sally's management style is best described as?

Answers

I would say that Sally's business style would be consultative ie relying on very experienced employees with lots of work history to help her evaluate her business problem and to perhaps suggest solutions based on tried and true practices. I believe the option would be "evidence-based" management.

The loan period does not affect the total cost of the loan

Answers

true true true true true true true
True true true true

A best-seller novel sells for $28 in hardback edition and $12 in a paperback edition. a book store's sales of both editions totaled $1,356. if 65 copies of this novel were sold, how many hardback edition were sold

Answers

The number of each type of book is what is unknown, so we can represent those quantities with variables. Let x = the number of hardbacks and y = the number of paperbacks. Then we know that: x + y = 65 (the total number of books sold) We also know the total cost of both editions, which is $1356. It can be written algebraically as: 28x + 12y = 1356 We now have a system of two equations, which can be solved by substitution. It would be easier to solve the first equation for either x or y and substitute that into the second equation. 

​megan hughes deposits $2300 in an account that pays simple interest. when she withdraws her money 8 months later, she receives $2484.00. what rate of interest did the account pay? round to the nearest whole percent.

Answers

2484
(2300)
---------
184

184 / 8 = 23

23 / 2300 = .01 -->1%

Based on the amount that Megan received after 8 months, the rate of interest on the account was 12% annually.

What was the interest rate for Megan?

The monthly rate is:

= ((2,484 - 2,300) / 2,300) / 8 months

= 8% / 8 months

= 1%

In a year that is:

= 1% x 12 months

= 12%

Find out more on simple interest at https://brainly.com/question/20690803.

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Mark can cook dinner in 30 minutes and wash the laundry in 20 minutes. his roommate takes half as long to do each task. how should the roommates allocate the work?
a. mark should do more cooking based on his comparative advantage
b. mark should do more of the washing based on his comparative advantage
c. mark should do more of the washing based on his absolute advantage
d. there are no gains from trade in this situation

Answers

The answer is letter D. There is no gains from trade in this situation. Both of them can manage their time properly, even they trade their situation no one can gain in the things they wanted to do. The roommate didn't need to allocate the work because there is no gains from the trade in this situation.
Final answer:

Mark and his roommate should divide tasks based on the concept of comparative advantage. Although they have the same opportunity cost ratio and no comparative advantage over each other, Mark should do more of the washing, and his roommate should do more cooking, which allows them to specialize and complete tasks more efficiently.

Explanation:

In the given scenario, Mark can cook dinner in 30 minutes and wash the laundry in 20 minutes, while his roommate can perform each task in half the time it takes Mark. To decide how the roommates should divide the tasks, we need to consider the concept of comparative advantage.

Comparative advantage occurs when someone can perform a task at a lower opportunity cost than others. The roommate takes 15 minutes to cook and 10 minutes to wash, indicating that Mark and his roommate have the same opportunity cost ratio between cooking and washing—they can each give up 1.5 minutes of cooking for every minute of washing they perform. Since there is no difference in their opportunity costs for the tasks, the roommates do not have a comparative advantage over each other.

However, even without a comparative advantage, they can still benefit from specialization and trade. Specifically, Mark should specialize in the task he can perform relatively faster (washing the laundry), and his roommate should specialize in cooking, mainly because they both can perform these tasks at the same opportunity cost ratio, and this specialization will allow them to finish the tasks more efficiently overall despite the lack of comparative advantage.

Why is private property important for technological progress to occur?

Answers

Private property includes the right to intellectual property. This means that you have the right to claim your inventions, and the income associated with them, as your own, giving you an incentive to invent new things. Technological process would be less lucrative to the people driving it if they were not guaranteed ownership, at least for a certain period of time, of their newly developed intellectual property. This would create less incentive to innovate, resulting in slower technological progress. 

Private property is crucial for technological progress because it provides individuals and businesses with the incentive to invest in and develop new technologies. It ensures that creators can reap the benefits of their innovations, leading to more investment in research and development. Without property rights, there would be little motivation to risk time and resources on new technologies.

Private property rights mean that inventors and businesses can control the use of their creations, giving them a financial stake in their innovations. This potential for profit drives them to invest time and resources into developing new technologies.

When companies and individuals know they will benefit from their investments in technology, they are more likely to undertake costly and risky research and development projects. This leads to higher levels of technological advancement and innovation in society.

Without the security of property rights, there would be little to no protection against others copying or stealing innovations, significantly reducing the incentive to innovate. This would slow down technological progress.

Moreover, the profits generated from these technologies can be reinvested into further research and development, creating a cycle of continuous improvement and innovation.

Trevor's business is the spicy chocolatier café chain. "the spicy chocolatier café" is

Answers

The correct answer is a trade name.
A trade name is just another way of saying a business name. Since Trevor owns a business, he needs to name is somehow so that he can fill in all paperwork and people will be able to know what business they are going in. His business, or trade name in this case is "The Spicy Chocalatier Cafe."
Final answer:

The 'spicy chocolatier café' refers to Trevor's business, suggesting it's a café chain offering unique spicy chocolate dishes. As a USP, this would target a niche market of consumers seeking novel sensory experiences.

Explanation:

In this sentence, 'the spicy chocolatier café' refers to Trevor's business. It's a chain of cafes that likely specializes in selling spicy chocolate products or beverages. The term captures both the type of business (café chain) and its unique selling point/proposition (USP), which is the spicy chocolate.

This could imply anything from chocolate infused with chili peppers to chocolate-covered spicy snacks. As a business, it would likely focus on marketing these unique combinations to attract customers who are looking for a novel sensory experience. The success of the business would depend on how well the niche market responds to this unique mix of flavors.

Learn more about Trevor's business here:

https://brainly.com/question/32929159

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Gerald is a mechanical engineer who can examine and detect a problem, determine cause and effect, and provide a solution. gerald's skill is called ______ skill.

Answers

Gerald's skill is called conceptual skill. Gerald's skill would be considered conceptual skill because he is able to think clearly about abstract ideas and also relate different conceptual topics together.

From papyrus, the _______ made a type of paper. assyrians babylonians egyptians sumerians

Answers

Papyrus is a kind of plant that grows in water. The ancient Egyptians cultivated the plant to make a kind of writing material which is called papyrus. Thus, papyrus is both the name of the plant and the name of the writing material. To make long scrolls to write hieroglyphs, the ancient Egyptians used the papyrus plants. As the plants were drying in the sun, the ancient Egyptians used hammers to join different pieces of papyrus together, which resulted in long scrolls of connected parts.
The correct answer to the original question is: Egyptians

Answer:

egyptians

Explanation:

egyptians

List at least 3 good qualities an employee should have?

Answers

1. Strong work ethic: Setting and achieving goals


2. Dependable: Consistently following through

3. Positive attitude: Creating a good environment

4. Self-motivated: Working effectively with little direction

5. Team-oriented: Making the most out of collaboration




Good social skills, wants to do their work, and good at working with other people.

Americans _____ centralized leadership and have consistently sought to _____ its power.

Answers

When it comes to the American perceptions of centralized leadership, it is found that the United States has constantly favored the idea of centralized power in government, and have consistently aimed at increasing and consolidating the powers within this system.

​the principle of _________ is the premise for elliot erwitt’s humorous photograph felix, gladys, and rover.

Answers

The answer is variety within unity. It is because this is the principle being described above in which has became a premise of the humorous photograph of Elliot Erwitt towards Felix, Gladys and Rover. It is a principle that changes the character of a certain element.

Clement applies for a home loan at global bank inc. as part of the process, he provides his personal details to the bank. the banker uses clement’s personal information to sell him insurance policies. in this scenario, the banker’s action is considered _____.

Answers

The bank’s action is considered to be legal though it is unethical. It is because having to take the information of Clement is legal though it is considered unethical because they used his information just to sell him the insurance policies.

Office supplies had a normal starting balance of 75 there were debit postings of 80 and credit posting of 60 during the month the ending balance is a

Answers

starting balance 75
Add debit posting 80
Less credit posting 60

Ending balance=75+80−60=95 this balance transferred to the debit side

Hope it helps!

The numbers on the bottom of a typical check represent all of the following EXCEPT? A Social Security Number B Routing Number C Account Number D Check Number

Answers

The answer is "A, Social Security Number".


The Social Security number (SSN) was made in 1936 for the sole reason for following the income chronicles of U.S. specialists, for use in deciding Social Security advantage privilege and processing advantage levels. From that point forward, utilization of the SSN has extended significantly. Today the SSN might be the most normally utilized numbering framework in the United States. As of December 2008, the Social Security Administration (SSA) had issued more than 450 million unique SSNs, and about each legitimate occupant of the United States had one.

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