pam, pru, and pat are deciding how they will celebrate the new year. pam prefers to go on a cruise, is happy to go to hawaii, but does not want to go skiing. pru prefers to go skiing, is happy to go to hawaii, but does not want to go on a cruise. pat prefers to go to hawaii or to take a cruise, but does not want to go skiing. they decide to go to hawaii.
what is the opportunity cost of the trip to hawaii for each of them?
a. the opportunity cost for each of them is the airfare to hawaii
b. the opportunity cost for pam and pat is a cruise and for pru it is skiing
c. the opportunity cost for pam and pat is the airfare to hawaii minus the cost of a cruise and for pru, it's the airfare minus the cost of a ski trip
d. the opportunity cost for each of them is the airfare to hawaii minus the cost of a cruise

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

After jeff bezos read about how the internet was growing by 2,000 percent a month, he set out to use the internet as a new distribution channel and founded amazon, which is now the world's largest online retailer. this is clearly an example of a(n)a. firm that uses closed innovation. b. entrepreneur who commercialized invention into an innovation. c. business that entered the industry during its maturity stage. d. exception to the long tail business model

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer