Jody Has Purchased a Non-Refundable $25 Ticket to Attend a Miley

question 6

Multiple Choice

Jody has purchased a non-refundable $25 ticket to attend a Miley Cyrus concert on Friday evening. Subsequently, she is asked to go to dinner and dancing at no expense to her. If she uses cost-benefit analysis to choose between going to the concert and going on the date, she should:

• A) include only the entertainment value of the concert in the opportunity cost of going on the date.
• B) include the cost of the ticket plus the entertainment value of the concert in the opportunity cost of going on the date.
• C) include only the cost of concert ticket in the opportunity cost of going on the date.
• D) include neither the cost of the ticket nor the entertainment value of the concert in the opportunity cost of going on the date.

Comprehend the composition of the money supply.

Learn about the operational costs associated with banking services.

Identify the process through which money is created in the banking system.

Recognize the measures implemented to deter bank panics.