When I graduated from college, I had the option of working at a Richmond television station as the weekend weather person. This job would have paid $20,000. Instead of taking the job as the weather person, I chose to work as a producer for a local sports coaches show. This position paid $35,000. What was the opportunity cost of taking the job as the producer versus the weather person? Group of answer choices $20,000 $35,000 $55,000 There was no opportunity cost.

What is a sort of auction for stocks in which traders verbally submit their offers?

Why do police officers get paid less than professional baseball players?

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.