Basketball team play for the league championship

Assignment Help Business Economics
Reference no: EM13896953

You are given a free ticket to see the nike mens basketball team play for the league championship. The Spurs are playing on the same night and is your next-best alternative activity. Tickets to see the spurs cost $40. on any given day you would be willing to pay up to $50 to see the Spurs Play. Assume there are no other costs of attending either Game. Based in this information, the opportunity cost of going to the nike mens basketball game is (CHOOSE the BEST ANSWER)

a) $0  b)$10 c) $40 d) 50

Reference no: EM13896953

Questions Cloud

Quadrants of the bcg matrix : quadrants of the BCG Matrix
Calculate currency-deposit ratio and the money multiplier : Suppose that currency in circulation is $600 billion, the amount of checkable deposits is $900 billion, traveler’s checks are $0, excess reserves are $15 billion, and the required reserve ratio is .15. a. Calculate the M1 money supply, the currency-d..
Conduct a s.w.o.t. analysis on leading auto company : Conduct a S.W.O.T. analysis on Leading Auto Company
About the marginal user cost : A local landfill currently charges $100 per half ton load of waste to dump. The marginal costs to the landfill of operating the dump are about $60 per half ton load of waste. Assuming the landfill pricing is dynamically efficient, what is the MUC of ..
Basketball team play for the league championship : You are given a free ticket to see the nike mens basketball team play for the league championship. The Spurs are playing on the same night and is your next-best alternative activity. Tickets to see the spurs cost $40. on any given day you would be wi..
How long he or she has been an agent or broker : Locate a local real estate agent and ask to interview him or her about the profession (this can be done by phone, by email, or face to face). Be sure to use a consent form. Ask questions regarding such things as why he or she got into the business..
Who established the first rape crisis centers : What is the history of victimology, and how has it developed and explain how it is different from criminology, sociology, or psychology.
How could you quantify your claims : Outline a brief memo to defend the value of your department's services to the firm. How could you quantify your claims?
How are the luxury car competitors strategies similar : How are the luxury car competitors' strategies similar? In what manner are they different? Which company has the competitive advantage and why

Reviews

Write a Review

Business Economics Questions & Answers

  Explain the effects of the imposition of export tax on good

Using a demand/supply diagram, illustrate and explain the effects of the imposition of an export tax on a good Y by a home country’s government on (i) the home country’s consumers of Y, (ii) the home country’s producers of Y, and (iii) the home gover..

  Q1 assume the monthly demand for soda by a consumer is

q1. assume the monthly demand for soda by a consumer is given by.a. if the price of soda is 1 per can explain how many

  Make up a value for the exchange rate

Suppose that a Starbuck’s venti latte currently sells for US$4.00 in the United States and C$5.00 in Canada. Make up a value for the exchange rate between the U.S. dollar and the Canadian dollar (expressed as Canadian dollars per U.S. dollar) that le..

  Why think semi-salt is earning monopoly profits

While virtually anyone with a degree in college chemistry could replicate the industry's formula, due to the relatively high cost, Semi-Salt has decided not to apply for a patent.

  Compute various indicators of the state of labour market

Compute various indicators of the state of the labour market using the following information. Please show all of your working. If you do not, you will receive zero marks for the question(s).

  Draw the cash flow diagram

Lee Inc, is considering a robot that will cost $6,000 to purchace. At the end of it 9 year life, it salvage value will be $1,000. The robot will need to overhauled in year 5 at a cost of $3,000. O&M costs per year will be $1,000. The robot will gener..

  What are episode-based payments

What are episode-based payments (EBPs) and how do they differ from traditional FFS payments. What is the economic intent behind EBPs? Explain how EBPs relate to the idea of supply-side cost sharing?

  Pessimism about an expected economic expansion

Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific, e.g., 9/11 attack, natural disaster, rise or fall in oil prices due to OPEC policies, consumer optimism or pessimism abou..

  What is difference between risk uncertainty and ambiguity

How does the analysis of risk aversion change when one allows for alternative models of decision-making then expected utility? How does subjective expected utility theory differ from expected utility theory? How might one elicit a subjective probabil..

  How do labor economists explain these empirical facts

In developing countries, as average wage levels rise with the country’s growth it is often observed that: the labor force participation rate of adults rises but. How do labor economists explain these empirical facts?

  Qconsider two countries japan and korea in 1996 japan

q.consider two countries japan and korea. in 1996 japan experienced relatively slow output growth 1 while korea had

  Calculate quantity-total revenue and profit

Calculate quantity, total revenue and profit when the company maximizes its profit and changes the same price in both markets.

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