Every society faces trade-offs because we live in a world of scarcity. Suppose a student athlete has the opportunity to earn $200,00 next year playing for a minor league baseball team, $900,000 next year playing for a European professional football team, or $0 returning to college for another year The opportunity cost of the student athlete returning to college next year is $______.
a. 900,000
b. 800,000
c. 700,000
d. 850,000
Answer: a. 900,000
Business
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Business
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Indicate whether the statement is true or false
Business
If you do not have a business or programmable calculator you can still find the IRR through the
process of interpolation. Indicate whether the statement is true or false
Business
Some states have rejected the requirement of privity but not adopted any set rule. Instead, these states function under the __________ rule
A) known user B) contact C) flexible D) foreseeable user
Business