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you might get detention because that can cause you a lot of trouble
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What is opportunity cost and opportunity benefit?
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
What does the word opportunity cost means?
Opportunity cost means that there is an opportunity to get something in a lower cost. __by Alondra Rico
What calculates the opportunity cost?
Opportunity cost is something for the next porpose.
What is the opportunity cost of devoting scarce university land to car parking?
Since opportunity cost is defined as the cost of any activity measured in terms of the best alternative activity which is forgone, in this case, the opportunity cost can be a field for students to play around or a land where a library can be built. Another example, would be the opportunity cost of coming to school. This answer will be the time enjoyed going to the cinema or time spent with your partner. Hence, the opportunity cost of coming to school will be the cost of not going to cinema and spending time with your partner. Opportunity cost is defined, as the answer above says, as the difference between a course of action and another course of action. What the above answer misses is that opportunity cost is usually measured as the difference between the chosen action and the BEST alternative, not any other alternative. For instance, if you're choosing between 5 stocks, chose stock 1 and all 5 stocks go up, but stock 3 rises the most, you measure your opportunity cost against ONLY stock 3. So the opportunity cost in this case would be the BEST alternative. Unfortunately, there is no numerical way to measure the utility a university would get from various non-economic buildings like a library or cinema, so it would have to be up to the school board.
Is opportunity cost a relevant cost?
Yes, opportunity cost is a relevant cost because it can be used in something more productive.
How much would a second class ticket on the titanic cost today?
The cost would be $0 because the ticket cannot be used
What is opportunity cost and opportunity benefit?
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
How much does it cost to go to Germany today?
It depends where you are coming from.
How did a ticket for first class cost aboard the titanic?
about 800 or 900$Cost of a ticket (one way)First Class (parlor suite) £870/$4,350 ($83,200 today)First Class (berth) £30/$150 ($2975 today)Second Class £12/$60 ($1200 today)Third Class £3 to £8/$40 ($298 to $793 today)
How much did it cost to go in first class on the titanic?
Cost of a ticket (one way)First Class (parlor suite) £870/$4,350 ($83,200 today)First Class (berth) £30/$150 ($2975 today)Second Class £12/$60 ($1200 today)Third Class £3 to £8/$40 ($298 to $793 today)
How much would the journey cost on the Titanic?
Cost of a ticket (one way) First Class (parlor suite) £870/$4,350 ($83,200 today) First Class (berth) £30/$150 ($2975 today) Second Class £12/$60 ($1200 today) Third Class £3 to £8/$40 ($298 to $793 today)
What was the cost for a ticket on the Titanic?
The cost to sail on the Titanic depended on which class you purchased a ticket for. A first class parlor suite cost $4,350 while a first class berth cost $150. Second class cost $60 and third class cost $40. These are all 1912 prices. if you were a first class passenger it was $4,000 back then but now if the titanic hadn't sunk it would be $40,000 and if you were a third class passenger back then it would be $30.Now if you are a third class its $300.Most of the 3rd class passengers didn't live because they let the rich people off on the life boats first. The price for traveling with the Titanic was as follows: First Class (parlor suite) £870 / $4,350 ($69,600 today) First Class (berth) £30/ $150 ($2400 today) Second Class £12 / $60 ($960 today) Third Class £3 to £8 / $40 ($172 to $640 today) the actual figures for how much it cost to travel aboard the titanic are as follows A - First Class (parlor suite) in 1912 was $4,350, In today's monetary standards - $50,000 First Class (berth) In 1912 was $150 In today's monetary standards - $1724 Second Class in 1912 was $60 In today's monetary standards - $690 Third Class in 1912 was $40 - $92. In today's monetary standards - $172 to $460 If you chose to share a cabin, it cost up to 40% less for fare.
How much does a book of first class stamp cost today?
As of August 2021, the cost of a first-class stamp is 58 cents in the United States.
What does the word opportunity cost means?
Opportunity cost means that there is an opportunity to get something in a lower cost. __by Alondra Rico
How much were 1 class ticket on the titanic?
First class tickets on Titanic cost about £870 which is about $69,600 today.
What would a SECOND class ticket to the titanic cost today?
$960 dollars
How much would a second-class ticket cost today?
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