What is the opportunity cost of using your store credit

Assignment Help Business Economics
Reference no: EM132117683

If you do not use your $3 store credit today, it expires (i.e, becomes worthless)! you can either use the credit to buy the $3 pour over, the $3 cortado or the let the credit expire. If you value the cortado at $2. What is the opportunity cost of using your store credit to buy a pour over?

Reference no: EM132117683

Questions Cloud

Who will benefit from drilling for oil in the gulf of mexico : New technology has allowed oil to be pumped from much deeper offshore oil fields than before. For example, 28 deep ocean rigs operate in the deep waters.
Will canada eventually run out of water : Water is a natural resource that is plentiful in Canada but not plentiful in Arizona. Will Canada eventually run out of water?
Why the demand for land in pennsylvania has increased : Gas Prices Create Land Rush There is a land rush going on across Pennsylvania, but buyers aren't interested in the land itself. Buyers are interested.
Draw a graph to illustrate the outcome : Draw a graph to illustrate the outcome you've described. How would you expect inward migration from the rest of Canada to be influenced by tighter foreign.
What is the opportunity cost of using your store credit : What is the opportunity cost of using your store credit to buy a pour over?
How many laptops will keshia lease or buy : Keshia is opening a new bookkeeping service. She is considering buying or leasing some new laptop computers. The purchase price of a laptop is $1,500.
Present information in the form of a payoff matrix : Present information in the form of a payoff matrix, where Lebaine is the row player whilst Alistair is the column player, Is there a dominant strategy for Baine
What did you think was interesting issues : Have you learned anything new thus far about history, history classes, history textbooks, or the teaching of history?
How the world lorenz curve and world gini ratio are changing : Incomes in China and India are a small fraction of incomes in Canada. But incomes in China and India are growing at more than twice the rate of those in Canada.

Reviews

Write a Review

Business Economics Questions & Answers

  Monopolistically competitive market

A Long run equilibrium in a monopolistically competitive market satisfies the following two conditions:

  Define the pdf for x

Let the random variable X equal the size of the student's class. Define the PDF for X. (Enter your answers as fractions.)

  Find that competition will influence the market prices

When looking at stores, you will find that competition will influence the market prices. The challenge that our economy is facing is that we need to monitor how many firms that are involved within an industry. What are the implications of these indus..

  Supply curve for employers of minimum-wage workers

Demonstrate what will likely happen to the supply curve for employers of minimum-wage workers, such as fast-food and agricultural firms. Explain what the affected employers might do to address the likely higher costs for producing fast food, agri..

  A machine has a current salvage value

A machine has a current salvage value of $10,000, which will drop by $2,000 per year. The maintain costs will be $1,250 per year. What is the marginal cost to extend the service for 1 year, at 8%?

  What is the long run equilibrium outcome

Pumpkin growing is a perfectly competitive industry. - What happens as time passes?- What is the long-run equilibrium outcome?

  What is its own price instead of having to charge

Stanley's profit-maximizing output, price, and profit if he were allowed to set his own price instead of having to charge $0.80.

  Credit ratings of leading banks due to large debt write-offs

The economy of country Rumblen was hit by a banking crisis which led to a recession. Jason Wallace, a real estate agent, says that the economy will recover soon because the government is taking various measures to counter the recession. Some banks in..

  Can a company be an entrepreneur

Foster and Kaplan, drawing on research they’ve conducted at McKinsey & Company on more than 1,000 companies over 36 years show that even the best-run and most widely admired companies are unable to sustain market beating levels of performance for mor..

  Linear demand curve and constant marginal cost curve

Draw an example of a monopoly with a linear demand curve and a constant marginal cost curve.  Show the profit-maximizing price and output, p* and Q*, and identify the areas of consumer surplus, producer surplus, and deadweight loss. Also show the qua..

  Explain how was the second law and end-use analysis

Explain how was the second law and end-use analysis linked to socially constructed scarcity.

  Representative consumers preferences change

Suppose that the representative consumer's preferences change, in that his or her marginal rate of substitution of leisure for consumption increases for any quantities of consumption and leisure. Explain what this change in preferences means in more ..

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