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Free_Kalibri [48]
2 years ago
6

College football attendance, especially student attendance, has been on the decline. In 2016, home attendance at major college f

ootball games declined for the sixth consecutive year and was the lowest since 2000. The opportunity cost of engaging in an activity is the value of the best alternative that must be given up to engage in that activity. Source: Jon Solomon, "College Football Attendance in 2016: Crowds Decline for Sixth Straight Year," cbssports.com, December 16, 2016 Your opportunity cost of attending a game compared with the opportunity cost facing a college student 10 years ago is
A. lower, because of social media.
B. higher, because more games are televised today.
C. lower, because games are usually viewed on high-definition television today.
D. higher, because the cost of cable TV is higher today.
Business
1 answer:
Nimfa-mama [501]2 years ago
6 0

Answer:

B) higher, because more games are televised today.

Explanation:

Opportunity costs are the cost of choosing one alternative from another.

In this case, when college students attend college football games they are unable to do other activities while they are at the stadium or going to the stadium. The cost of those alternatives that are lost are higher now because many college football games are televised. So a student is now able to watch the game while doing other activities.  

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You have $12,500 you want to invest for the next 30 years. You are offered an investment plan that will pay you 7 percent per ye
Alchen [17]

Answer:

Future value= $151,018.51

Explanation:

Future value of money measures how much a present amount of money will be in the future at a given interest rate.

The interest gained on money shows the time value of money. One dollar today is less than one dollar in one year's time

The formula for future value is

Future value = Present value * (1 + rate)^time

As we have two periods in this case (10 years and 20 years)

Future value = Present value * {(1 + rate1)^time1} * {(1 + rate2)^time2}

Future value = 12,500 * {(1 + 0.07)^10} * {(1 + 0.095)^20}

Future value= $151,018.51

4 0
1 year ago
Duckistan Production Possibilities A B C D E Civilian Goods 20 18 14 8 0 Military Goods 0 1 2 3 4 Herbania Production Possibilit
olganol [36]

Answer:

B. Herbania is technologically superior to Duckistan in producing civilian goods.

Explanation:

Duckistan Production Possibilities

                            A    B    C    D    E

Civilian Goods    20  18   14    8    0

Military Goods     0     1    2     3    4

opportunity cost  -     ¹/₁₈  ¹/₇  ³/₈   4     civilian goods

opportunity cost  20  18   7   2.7   -     military goods

Herbania Production Possibilities

                            A    B    C    D    E

Civilian Goods    40  36  26   14   0

Military Goods     0    1     2     3    4

opportunity cost  -    ¹/₃₆  ¹/₁₃  ³/₁₄  4     civilian goods

opportunity cost  40 36   13  4.7   -     military goods

Herbania has an absolute advantage in the production of civilian goods. Since it also has a lower opportunity cost of producing civilian goods, therefore, it also has a comparative advantage at producing civilian goods. Assuming that resources are equal in both countries, then we can assume that Herbania is technologically superior in the production of civilian goods.

Dukistan has a lower opportunity cost of producing military goods, therefore, it has a comparative advantage at producing military goods.

3 0
1 year ago
Buyer Maria and seller Doug are closing on June 1. Maria’s mortgage loan is $927.86, and $871.86 will go to interest in the firs
ikadub [295]

Answer:

$842.74

Explanation:

Data provided in the question:

Loan amount = $927.86

Interest for the first month = $871.86

Now,

Daily interest rate for 30 days =  \frac{\textup{Interest for a month}}{\textup{Total number of days in a month}}

or

=  \frac{\$871.86}{30}

=  $29.06

Now,

Doug owns the closing day,

Therefore,

Maria will pre-pay interest for 29 days i.e June 2 - 30,

= Daily interest × Number of days

= $29.06 × 29

= $842.74

4 0
2 years ago
Why do complex decisions often raise ethical considerations for the entrepreneur?
dlinn [17]
Complex decision often needed to be done by cutting off several corners for the most efficient decision to be enactdd.
For example, during the period when business slowed down, one of the most efficient method to maintain the level of profit is simply by cutting down excessive amount of empployees, but that action is considered unethical
3 0
2 years ago
The brand resonance model Select one: a. traces the value creation process for brands b. describes how to create intense, active
Vitek1552 [10]

Answer:

The answer is b) describe how to create intense and active loyalty relationships with customers.

Explanation:

The resonance model refers to the nature of the consumer's relationship with the brand, and the degree of synchronization that the consumer has with the brand. It is about answering questions that serve to define as a brand/company, questions that deepen issues of how the company is perceived by the target audience and will be the differential point that will generate the correlation of mutual interests with the brand and the consumer.

7 0
2 years ago
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