You work as an assistant coach on the university basketball team and earn $11 per hour. one day, you decide to skip the hour-long practice and go to the local carnival instead, which has an admission fee of $8. the total cost (valued in dollars) of skipping practice and going to the carnival (including the opportunity cost of time) is

$19 plus additional $11 per hour if you decide to stay longer in the carnival.

Explanation:

The initial cost of this decision would be the 8 dollars that the entrance to the carnival costs. But because an opportunity cost was incurred (failing to receive the income generated as a coach in the basketball team) so the opportunity cost is 11 dollars, this added to the cost of entry gives us a Total cost of $ 19 for the decision made.

564/5000

The initial cost of this decision would be the 8 dollars that the entrance to the carnival costs. But because an opportunity cost was incurred (failing to receive the income generated as a coach in the basketball team) so the opportunity cost is 11 dollars, this added to the cost of entry gives us a total cost of $ 19 for the decision made

Note: This only if you are in the carnival for an hour, if you are longer, the opportunity cost will increase $11 for each hour of income not perceived as a basketball coach

balanced lifestyle would be the type of lifestyle that fulfill all aspects of our life, including financial security, personal achievements, emotional balance, and intimate relationships with other people.

for me personally, the job that i would choose to achieve a balanced lifestyle is opening an online store.

online store can be managed from the comfort of our phone. if we are the owner of the store, we can determine our own working hours. we can arrange our working hours so we have time to do things such as taking care of children, cultivating romantic relationship, or do our hobby.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.