# economics

posted by .

What is the opportunity cost (in dollars) to attend an hour-long econ lecture for A minimum-wage teenager in fall 2009?

• economics -

What is the opportunity cost (in dollars) to attend an hour-long econ lecture for A \$160,000 per year corporate executive who works 2,000 hours per year?

• economics -

7.25

• economics -

80

## Similar Questions

1. ### Econ~~!! URGENT!!!

1. A worker values her leisure at \$7 per hour. If she is unemployed she receives \$9 per hour in unemployment benefits. If she is hired to work on a public project she will be paid \$18 per hour (and will forfeit her unemployment benefit). …
2. ### ECONOMICS - Perfect Competition

Please check and correct my answers. Thank you. 1) Jack Benny can get blood from a stone. If he has x stones, the number of pints of blood he can extract from them is f(x) = 2x^(1/3). Stones cost Jack w dollars each. Jack can sell …
3. ### math

Hi I can't remember how to figure this out. Can you give me an idea?
4. ### macroeconomics

Suppose in 2009 the united states congress passes a minimum wage law that increases the minimum wage (the lowest legal wage) to 7.25 per hour and has a provision that increases the minimum wage at the beginning of each year based on …
5. ### algebra

restaurants typically pay wait staff an hourly wage that is lower than minimum wage. the wait staff is expected to make up the difference in tips. the minimum wage is \$5.15 per hour and a restaurant pays the wait staff \$4 per hour …
6. ### algebra

Minimum Wage: The table shows minmum wage for three different years Year 1940 1968 1997 Wage (\$) 0.25 1.60 5.15 (a) Make a scatterplot of the data in the viewing rectangle [1930, 2010, 10] by [0, 6, 1] (b) Find a quadratic function …
7. ### Econ

The New York Times cost \$0.15 in 1970 and \$0.75 in 2000. The average wage in manufacturing was \$3.23 per hour in 1970 and \$14.32 in 2000. a. By what percentage did the price of a newspaper rise?
8. ### Algebra

Minimum Wage. In 1995, the minimum wage was \$4.25 per hour, and by 2010 it had increased to \$7.25 per hour. a) Find the slope of the line passing through the points (1995, 4.25) and (2010, 7.25) b) Interpret the slope as a rate of …
9. ### economics

What is the opportunuity cost if you make 15 a hour but you decide not to work for a 1 hour and go to the movie which cost 10 what is the opportunity cost?
10. ### macroeconomic

Suppose in 2007 the United States Congress passes a minimum wage law that increases the minimum wage (the lowest legal wage) to \$7.25 per hour and has a provision that increases the minimum wage at the beginning of each year based …

More Similar Questions