What is the approximate cost to a professional basketball team of giving ten free tickets for a particular game to children in an orphanage?
A) Probably nothing if the game is not sold out.
B) The face price of the tickets
C) The value of the opportunities forgone by putting on the game, divided by the number of seats (times ten)
D) We cannot tell unless we know the value the orphans place on attending.
A
You might also like to view...
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to rise and monetary base to remain the same. b. Demand for real goods and services to remain the same and M2 money supply to remain the same. c. Demand for real goods and services to remain the same and M2 money multiplier to fall. d. Demand for real goods and services to remain the same and M2 money supply to rise.
The most common explanation for Social Security payments accounting for a larger share of federal government expenditures is
a. increases in life expectancy. b. people becoming eligible for Social Security benefits at an earlier age. c. increases in birth rates among teenagers and the poor. d. falling payroll tax receipts.