Lindsay purchased a raffle ticket for $34. Just before the grand prize drawing two people tried to buy her ticket. The first person offered $155, and another offered $190. What is Lindsay's opportunity cost of keeping the raffle ticket?
A. $224
B. $190
C. $68
D. $189
Answer: B
You might also like to view...
Select the incorrect statement regarding the contribution margin income statement.
A. Assuming no change in fixed costs, a $1 increase in contribution margin will result in a $1 increase in profit. B. Contribution margin represents the amount available to cover product costs and thereafter to provide profit. C. The contribution margin approach for the income statement is unacceptable for external reporting. D. The contribution margin approach requires that all costs be classified as fixed or variable.
Yahoo! Finance is
A) a television station dedicated to financial news reporting. B) the student edition of the Wall Street Journal. C) a feature on the PBS program, The Nightly News. D) an Internet site that provides financial information.
What are the three data values such that the new sample has a mean of 100, a median of 70, and a mode of 87? Justify your answer
What will be an ideal response?
Discuss the principles to be followed when preparing persuasive messages.
What will be an ideal response?