John's friend just gave him a pair of concert tickets to see his favorite rock group perform this
weekend. Each ticket sells for $25. John's boss asked him to work overtime the same weekend
and at the same time as the concert.
John currently makes $10.00 an hour and his overtime pay
for the four hours his boss asked him to work is double the hourly rate. If John decides to go to
the concert, his opportunity cost is
A) $50.00 for the two tickets.
B) $50.00 because that is what his friend paid for the tickets.
C) $40.00 in lost pay.
D) $80.00 in lost pay.
E) nothing because the concert tickets were free for John.
D
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On June 8, Williams Company issued an $80,000, 5%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note?
a. $82,600 b. $84,000 c. $81,333 d. $88,200
Dylan Corporation issues for cash $2,000,000 of 8%, 15-year bonds, interest payable annually, at a time when themarket rate of interest is 9%. The straight-line method is adopted for the amortization of bond discount orpremium. Which of the following statements is true?
a. The amount of annual interest paid to bondholders remains the same over the life of the bonds. b. The amount of annual interest expense decreases as the bonds approach maturity. c. The amount of annual interest paid to bondholders increases over the 15-year life of the bonds. d. The carrying amount decreases from its amount at issuance date to $2,000,000 at maturity.
On your second or third visit to an organization, if you haven't been offered the job, you should
A) ask whether you did anything wrong during the interview. B) ask how many more interviews will take place. C) ask tactfully when you can expect to learn of the decision. D) ask if repeated interviews are standard policy and try to find out why. E) pretend that you have another job offer and push for an immediate decision.
Which of the following generational groups account for a third of the U.S. population but half of all consumer spending?
A) Millennial B) Generation X C) Generation Z D) baby boomer E) Lost Generation