Carl Is Considering Attending a Concert with a Ticket Price

question 113

Multiple Choice

Carl is considering attending a concert with a ticket price of $35.He estimates that the cost of driving to the concert and parking there will total an additional $20.In order to attend the concert,Carl will have to take time off from his part-time job or forgo studying for an exam scheduled for the next morning.He estimates that he will lose 5 hours at work,at a wage of $6 per hour,or 5 hours of study time.If Carl considers studying the best alternative use of his time,his opportunity cost of attending the concert equals

• A) $55
• B) $55 plus the value of the higher exam grade he could earn by studying for 5 hours
• C) $85 plus the value of the higher exam grade he could earn by studying for 5 hours
• D) $85 minus the value of the higher exam grade he could earn by studying for 5 hours
• E) $55 minus the value of the higher exam grade he could earn by studying for 5 hours

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Blogging

The activity of creating written, visual, or other forms of content on a weblog, sharing insights, opinions, or updates, with the purpose of engaging an audience.

Specific Gravity

A measure of the density of a substance compared to the density of water.

Urine Density

The concentration of substances such as salts and minerals in urine, an indicator of hydration and kidney function.

Glomerular Blood Pressure

The blood pressure within the glomerular capillaries of the kidney, essential for the filtration of blood into the urinary system.