Author Question: Gregory is considering attending a concert with a ticket price of 40. He estimates that the cost of ... (Read 202 times)

P68T · **on:** Jun 29, 2018

Gregory is considering attending a concert with a ticket price of 40. He estimates that the cost of driving to the concert and parking there will add an additional 20.

In order to attend the concert, Gregory will have to take time off from his part-time job. He estimates that he will lose 5 hours at work, at a wage of 8 per hour. In terms of dollars, Gregory's opportunity cost of attending the concert equals
A) 80. B) 100. C) 20. D) 60. E) 40.

Question 2

According to this Application, the United States was found to have violated international trade laws by imposing excessive ________ on Chinese ________ of goods such as solar panels.

A) quotas; imports B) quotas; exports C) tariffs; imports D) tariffs; exports