+1-415-670-9189
info@expertsmind.com
Spent most of her time training for the olympics
Course:- Business Economics
Reference No.:- EM131172898




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Business Economics

When asked in a television interview what she felt she was missing out on because she spent most of her time training for the Olympics, a rower answered, “A normal social life.” She also revealed that she had given up a job that paid $20,000 per year in order to train full-time. She was fortunate to receive a grant from Sport Canada of $10,000 per year, but this was not enough to cover all of her expenses. Her food and rent were $5,000 per year and training expenses (coach’s fee, equipment costs etc.) were$16,000 per year. a. What is the annual opportunity cost of “going for Gold” for this rower? b. What is the annual opportunity cost to Canada of training this rower? c. In general, what is the annual opportunity cost to Canada of sending this rower and other athletes to the Olympics?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
You have just started a new job and one of the fringe benefits is a company contribution of $5,000 every year into a retirement savings account. Assuming the contribution amou
Do you think that the international business community is being too lax about the abuse of intellectual property rights? Are international companies simply afraid to speak out
Explain the differences between typical demand side fiscal policy and supply side fiscal policy. For each of the following fiscal policy proposals, determine whether the prima
Recently, Starbucks acquired Teavana for $620 million for the company which represented at 50% premium from Teavana’s then valuation. Discuss the recent acquisition, the proba
Assume the demand for gasoline is perfectly inelastic—i.e., the demand curve is vertical. If a tax is levied on the producers of gasoline, what percentage of the tax collectio
Between 2011 and 2012, the quantity of cars produced and sold decreased by 20%. During the same period, the price of cars increased by 5% and the cost of gasoline increased by
our company values the three tons of channel steel at $12,000. Illustrate what is your optimal bid. Elucidate how all step by step calculations to arrive at solution.
Beasley Worldwide Data Destruction (BWDD) purchases a new computing center for $200 million. They estimate a life of 5 years and a salvage value of $40 million. BDWW uses MACR